FCC

NHPC invites bids for ISTS-connected solar projects

2023-06-26

NHPC has invited bids to select developers for setting up 3,000 MW of interstate transmission system (ISTS)-connected solar power projects across the country. The bidders must submit bids for a minimum capacity of 50 MW and multiples of 10 MW thereafter. A bidder can offer to develop projects at multiple locations, with each project having a minimum capacity of 50 MW and the cumulative capacity offered not exceeding 1,000 MW.

The last date to submit the bids online is August 3, 2023. Bids will be opened on August 11. Bidders must submit Rs 560,000/MW of the quoted capacity as an earnest money deposit, subject to a minimum of Rs 30 million and a maximum of Rs 100 million.

The successful bidder must furnish an amount equivalent to Rs 1.677 million/MW of the allocated capacity for each project as a performance bank guarantee. The project must be commissioned within 18 months from the effective date of signing the power purchase agreement (PPA).