How does a bid process work in a solar park?

The Procurer shall call for the bids adopting a single stage bidding process to be conducted through Electronic mode (e-bidding). The Procurers may adopt e-reverse auction if it so desires. In case of a Solar Park specific Project, intimation about the initiation of the bidding process shall be given by the Procurer to the SPPD. SBDs.

What is the net-worth requirement for solar power projects?

The net-worth requirement should be at least 20% (twenty per cent) of the CERC Benchmark Capital Cost, if any, for solar PV power projects for the year in which bids are invited or the estimated project cost.

What is a solar PV project?

42.52 “SOLAR PV PROJECT” or “SOLAR POWER GENERATING SYSTEM/ STATION” shall mean the Solar Photo Voltaic Power Project that uses sunlight for direct conversion of solar energy into electricity through Photo Voltaic Technology.

What is the purpose of a solar power procurement process?

To provide standardization and uniformity in processes and a risk-sharing framework between various stakeholders, involved in the solar PV power procurement, thereby encouraging investments, enhanced bankability of the Projects and profitability for the investors. 2. having size of 5 MW and above, through competitive bidding. 3.

How to choose a bid parameter for electricity procurement?

3. Bidding Parameters: For procurement of electricity, the Procurer may opt for either „Tariff as Bidding Parameter‟ or „Viability Gap Funding (VGF) as Bidding Parameter‟. 4. Tariff as the Bidding Parameter: The Procurer may select either of the following kinds of tariff based Bidding:

Can ists-connected solar PV power projects be set up in India?

1.3 As part of the above scheme, SECI wishes to invite proposals for setting up of ISTS-connected Solar PV Power projects in India, on Build Own Operate (BOO) basis for an aggregate capacity of 1000 MW.