Azure Power, Jindal Power submit proposals for Rajasthan 100 MW solar PV tender

Climate Connect News, 31 January 2013, New Delhi: The Rajasthan Renewable Energy Corporation (RREC) has announced the list of companies interested in setting up a total capacity of 100 MW in the state under the tender launched in November last year. The RREC invited bids to set up 5 or 10 MW capacity solar PV projects with a total capacity of 100 MW. The developers have been offered Rs 8.42 per kWh as the benchmark tariff that includes accelerated depreciation benefits. Developers will be allocated projects through a reverse bidding process.

A total of 25 companies have submitted proposals to set up solar PV projects. A number of these proposals have been submitted by companies that either already have solar PV projects in Rajasthan or are in the process of commissioning projects under the Phase I of the National Solar Mission. Some companies with experience of setting up projects in Gujarat have also expressed interest. Such companies include Solairedirect Energy India, Emami Cement, Alex Green Energy, NorthWest Energy, Azure Power and Waaree Energies.

Some of the other significant companies that have submitted proposals are Surana Telecom & Power, ReNew Solar Power, Essel Mining & Industries and Jindal Power.  

For solar PV projects, the power purchase agreements (PPA) shall be signed by 15 March 2013. The power generated is to be supplied to the three distribution companies of Rajasthan. All projects will be commissioned at Bhadla solar park in Hanumangarh district of Rajasthan.

The delay in the commissioning of both solar PV and solar thermal projects would result in a penalty of 0.5% of bank guarantees every day for a delay of up to 200 days and afterwards 1% of bank guarantees every day.

The power purchase agreements shall be signed with three power distribution companies in Rajasthan – Jaipur Vidhyut Vitran Nigam Limited, Ajmer Vidhyut Vitran Nigam Limited and Jodhour Vidhyut Vitran Nigam Limited.

Keywords: Rajasthan, Solar PV, RREC, Azure Power, Jindal Power

Author: Climate Connect Newsdesk

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