National Hydroelectric Power Corporation (NHPC) has invited bids to set up cumulative 2 GW capacity of grid-connected solar projects anywhere in India. The land for the projects is to be identified and arranged by the solar developers. The power produced will be purchased by NHPC and sold to the state utilities or any other beneficiaries.
The state-owned hydropower generator shall enter into a power purchase agreement (PPA) with the successful bidders for a period of 25 years, with tariff ceiling fixed at Rs2.95/ kWh.
The technical requirements stipulate the successful bidder can use PV modules and cells of any origin—under the open category.
Project selection would be technology agnostic, meaning crystalline silicon, thin film or concentrator PV—with or without trackers—can be installed.
The minimum project size will be 50 MW, rising in multiples of 10 MW thereafter. The bidders shall quote a single tariff for whole of the project capacity offered, which shall be applicable for the entire PPA duration of 25 years.