Rajasthan Electronics Calls for Bids on Indian 50 MW Solar Projects
13 Jan 2023
2 Min Read
CW Team
Bids have been invited for 50 MW grid-connected rooftop and small ground-mounted solar power projects for government buildings in 26 states and union territories by Rajasthan Electronics and Instruments (REIL), a joint venture between the Union government and the Rajasthan government.
The largest capacities will be commissioned in Rajasthan (18.08 MW), followed by Delhi (4.34 MW) and Maharashtra (2.97 MW). Each project must be larger than 20 kW.In general category states, the benchmark cost for projects of 20 kW and up to 100 kW is Rs 48,000 ($587)/kW, while in special category states, it is Rs 53,000 ($649)/kW. The expense for projects over 100 kW is Rs 45,000 ($551)/kW and Rs 50,000 ($612)/kW.
The levelized roof levy for general classification states is Rs 5.15 ($0.063)/kWh and Rs 6.25 ($0.077)/kWh for unique class states. A bid processing fee of Rs 25,000 ($306) and an earnest money deposit of Rs 1.12 million ($13,721) per MW of quoted capacity should be submitted by bidders.
In general category states, bidders must provide a performance bank guarantee (PBG) of Rs 1.35 million ($16,539) per MW of allocated capacity, while in special category states, they must provide a PBG of Rs 1.5 million ($18,377) per MW.
The remaining PBG must be submitted within 30 days of signing the power purchase agreement and half must be submitted within 30 days of the date of the allocation letter. Any delay in PBG submission will result in monthly interest of 1.25 percent on the entire amount.
The last three financial years' average annual turnover for bidders must be Rs 20 million ($245,032)/MW. Their net worth needs to be at least equal to the value that is calculated by multiplying the capacity that is offered in its bid by Rs 15 million, or 183,774 dollars per megawatt (MW).
Bids have been invited for 50 MW grid-connected rooftop and small ground-mounted solar power projects for government buildings in 26 states and union territories by Rajasthan Electronics and Instruments (REIL), a joint venture between the Union government and the Rajasthan government.
The largest capacities will be commissioned in Rajasthan (18.08 MW), followed by Delhi (4.34 MW) and Maharashtra (2.97 MW). Each project must be larger than 20 kW.In general category states, the benchmark cost for projects of 20 kW and up to 100 kW is Rs 48,000 ($587)/kW, while in special category states, it is Rs 53,000 ($649)/kW. The expense for projects over 100 kW is Rs 45,000 ($551)/kW and Rs 50,000 ($612)/kW.
The levelized roof levy for general classification states is Rs 5.15 ($0.063)/kWh and Rs 6.25 ($0.077)/kWh for unique class states. A bid processing fee of Rs 25,000 ($306) and an earnest money deposit of Rs 1.12 million ($13,721) per MW of quoted capacity should be submitted by bidders.
In general category states, bidders must provide a performance bank guarantee (PBG) of Rs 1.35 million ($16,539) per MW of allocated capacity, while in special category states, they must provide a PBG of Rs 1.5 million ($18,377) per MW.
The remaining PBG must be submitted within 30 days of signing the power purchase agreement and half must be submitted within 30 days of the date of the allocation letter. Any delay in PBG submission will result in monthly interest of 1.25 percent on the entire amount.
The last three financial years' average annual turnover for bidders must be Rs 20 million ($245,032)/MW. Their net worth needs to be at least equal to the value that is calculated by multiplying the capacity that is offered in its bid by Rs 15 million, or 183,774 dollars per megawatt (MW).
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..
Next Story
INDEA Lays Foundation for India’s First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..