After a long wait, APTRANSCO has finally issued Open Offer inviting Solar Power Developers to sell Solar Power at Rs.6.49/unit. As per the notification issued, interested parties have until 30th September, 2013 to submit their application with details about the location, injection point and capacity of power to be injected. While there is no bidding process involved, locations which get applications in excess of the capacity of that location will be awarded at pro-rata basis.
Most of the conditions with respect to Net Worth, Performance Bank Guarantee, Security Deposit, Commissioning Timelines remain the same as they were in the bidding process. APTRANSCO has issued a list of locations which are available to interested developers. The initial list of 161 locations in the bidding process is reduced to 109 locations for the Open Offer owing to fill up of certain locations. Locations such as Suryapet, Ramannapet, Kanigiri and Sadasivpet have a reduced capacity due to partial fill-up by bidders. In addition to the 109 locations, developers may also choose any other location in the state subject to technical feasibility.
The list of documents related to the Open offer can be accessed on APTRANSCO website or can be downloaded from here.
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