Bihar Renewable Energy Development Agency (BREDA) has invited bids for setting up two floating solar projects of 2 MW each—aggregating to a capacity of 4 MW—in the state. The projects are be developed on “build-own-operate” basis. While one of the projects shall come up over a government water body at North Bihar Power Distribution Company Limited Circle in Dharbanga, the other can be set up over any private water bodies in the state.
For Darbangha project, a single developer can bid for sizes ranging from minimum 1500 kW up to whole 2 MW of the capacity. For projects over private water bodies, minimum bid size allowed is 250 kW.
For both the projects, state discoms North Bihar Power Distribution Company Limited and South Bihar Power Distribution Company Limited shall enter into power purchase agreement (PPA) with the successful bidder at a fixed tariff for a period of 25 years. However, the developer shall pay BREDA Rs0.03 per kWh towards the Bihar Renewable Energy Development Fund.
Any excess generation over and above 10% of annual capacity utilization factor declared by the developer will be purchased by the discom at a fixed tariff of 75% (seventy-five percent) of the PPA tariff, provided the discom is able to evacuate such excess generation.