Solar Energy Corporation of India (SECI) has tendered a 100
MW solar project under domestic content requirement (DCR) category at
Bhadla Phase-III Solar Park in Rajasthan. The project will be developed under
National Solar Mission (NSM) Phase-II, Batch 4, Tranche-X, at Bhadla Phase-III
Solar Park on build own operate basis. The bid-submission deadline is February
successful developer can utilize viability gap funding (VGF) for the project
and SECI will enter into power purchase agreements (PPAs) with them for a
25-year period. The upper limit of VGF is Rs.12.5 million (~$183,172)/MW and
the maximum tariff payable to the project developer is fixed at Rs.3.93
(~$0.057)/kWh for 25 years.
scope of work includes, construction of the 100 MW solar project and development
of the transmission network up to the interconnection point. The developer will
have to provide for all clearances, approvals, permits and certificates from
local and state government bodies.
developer can use benefits of accelerated depreciation, concessional customs
and excise duties, and tax holidays, but the SECI has regulated that no
developer will be allowed to claim both VGF and accelerated depreciation.
The Project shall be commissioned within 12 months of the date of
signing of power
purchase agreement (PPA). Saurya Urja Company of Rajasthan
Limited (SUCRL) is Solar Park Implementing Agency (SPIA) for this Solar Park.
Additional requirement for solar park:
there is delay in land allotment or connectivity by SPIA, SECI can extend the
time for financial closure and commissioning date by up to 3 months, without
any financial implications to the SPD or SECI. For any extension beyond the
period of 3 months, SECI will approach MNRE, who will be authorized to decide
on further extension without any financial implication to SPD or SECI, with the
approval of MNRE.
If the solar park is delayed due to reasons solely attributable to
the SPIA, a penalty of Rs. 100 (~$1.5)/day/MW will be paid by SPIA to SECI. This fund
will go to the payment security fund.
For projects located in Solar Parks, the Committee handling the
Payment Security Mechanism (PSM), may consider giving 10% of the Performance
bank guarantee encashed to the STU/CTU, as the case may be, if the project is
delayed beyond the date as provided for in PPA, even though the Transmission/
evacuation system is ready thereby resulting in system lying idle.
SPDs shall enter into an Implementation Support Agreement with
SPIA/State Agency for Land & associated infrastructure for development of
the Project inside the Solar Park, Connectivity with the STU/CTU System and
all clearances related thereto shall be the responsibility of the SPIA/State
For projects inside solar park, the projects
developers are required to obtain necessary clearances as required for setting
up the Solar PV Power Projects.
According to Mercom’s India Solar Project Tracker, under NSM Phase-II, Batch 4 VGF
program, tenders for 3,050 MW projects (2,250 MW under Solar Parks) have been
issued. Of this, 375 MW is under the DCR category. Auction results for 970 MW
have been announced as of September 2016, and 225 MW of PPAs have been signed