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SECI- Amendments and Clarifications – Rooftop Solar PV Phase III

Solar Energy Corporation of India (SECI) had released a RfS document earlier in September inviting bids for Phase 3 of it’s development of Rooftop Solar PV systems in selected cities. Our blogpost on this RfS can be accessed here. Further to the pre bid meeting conducted on 26th September, they recently released a document containing Amendments and Clarifications to this RfS. Given below are some of the important points from this document. The Performance Security (PBG) shall be valid for a minimum period of 18 months from the date of issue of Allocation letter Technical eligibility criteria has been modified as – “Bidder should have installed at least one Grid connected Solar PV project having a minimum capacity of not less than 25 kW..” instead of “Bidder should have installed at least one Grid connected Solar PV project in India having a minimum capacity of not less than 25 kW..” Revisions have been made to Annexure A – Documents required for project sanction and Annexure B – Site details for …

MNRE – Setting up 750 MW Solar PV projects – Further updates

Ministry of New and Renewable Energy (MNRE) has released a document stating that the Cabinet Committee on Economic Affairs has approved the scheme for setting up 750 MW Solar PV projects through VGF with support from the National Clean Energy Fund (NCEF). This document released by Solar Energy Corporation of India (SECI) can be downloaded here. MNRE has also once again announced revised guidelines for this scheme. The revisions/additions made to the recently revised guidelines as mentioned in this latest document are mentioned below: Tariff to be paid to the developer availing accelerated depreciation benefit is reduced to Rs. 4.75 per unit If the project fails to generate any power continuously for 1 year within 25 years or its major assets are sold/ project dismantled during this tenure, SECI will have right to refund VGF as specified below: These guidelines are also said to facilitate fulfillment of RPO of obligated entities Revised time schedule: The original document containing these revised guidelines can be downloaded here. The earlier released tentative date for issuance of RfS for …

MNRE announces Revised Draft Guidelines for selection of 750 MW Solar PV projects through VGF

After announcing a draft methodology document earlier in May for selection of 750 MW Grid connected Solar PV projects under JNNSM Phase -II, Batch-I through Viability Gap Funding (VGF), MNRE once again released a draft document with revised guidelines. Our blogpost on the draft document released in May can be accessed here. Additions/revisions made to the earlier guidelines as mentioned in the latest document are mentioned below. Domestic Content Requirement (DCR) Out of the total 750 MW, 375 MW will be kept for bidding with DCR, i.e. 50% of projects will be built with DCR Both solar cells and modules used in these power plants must be made in India Mechanism of VGF Disbursement of VGF will be done in three stages: 50% on successful commissioning (COD) of the full capacity Remaining 50% progressively over the next 5 years as follows: End of 1st Year from COD – 10% End of 2nd Year from COD – 10% End of 3rd Year from COD – 10% End of 4th Year from COD …

MNRE – Strict Enforcement of RPO for States

Ministry of New and Renewable Energy (MNRE) has made a much needed and significant move by suggesting to the Ministry of Power to make it mandatory for states to fulfill their Renewable Purchase Obligation (RPO). As per this suggestion, if the states fail to do so then they will not receive concessions from Centre under financial restructuring scheme of State Discoms. (Source: Times of India) Earlier Maharashtra Electricity Regulatory Commission (MERC) and Punjab Electricity Regulatory Commission (PSERC) had directed their obligated entities to fulfill their RPO targets. Our blogpost on this enforcement is available here. These decisions by the Central and State authorities are much needed to improve the current state of the Renewable Energy Certificate (REC) market and also increase the share of renewable energy in the total energy mix. At the same time we need to wait and watch and hope that these decisions turn into actions.

Chhattisgarh – RfP for 50 MW Grid Connected Solar PV

Chhattisgarh State Power Distribution Company Limited (CSPDCL) released a RfP document for procurement of 50 MW Solar Power for long term from grid connected Solar PV power projects through a tariff based competitive bidding process. Given below are some important points from this document. Capacity: Total capacity – 50 MW Minimum bid capacity 2 MW and maximum 50 MW  in multiples of 2 MW capacity Tariff and PPA: Bidders should quote single tariff for 20 years  PPA will be signed for 20 years with CSPDCL for power procurement After 20 years the agreement can be renewed with CSPDCL for further 5 years at the then prevailing APPC Financial Criteria: Net worth – Rs. 3.50 Crore/ MW for capacity up to 25 MW Additional net worth of Rs. 2.50 Crore/ MW for every MW beyond 25 MW Bank Guarantees: Bid bond – Rs. 20 Lacs /MW of offered capacity Contract performance guarantee – Rs. 75 Lacs / MW to be submitted within 15 days of issue of Letter of Intent Bidding …

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