The tendered annual electricity generation capacity is 72 million units from wind source or 90 million units from solar or hybrid technology.
Projects would be awarded through tariff based competitive bidding process. CMRL shall enter into a power purchase agreement with the successful bidder for a period of 25 years, with maximum tariff payable fixed at Rs 3.50/KWh for 25 years.
Developers must bid for the entire capacity of the chosen generation source. However, they may supply the entire quantum from more than one location provided they quote a single tariff for the entire capacity.
To be eligible, the developer should have a net worth of minimum Rs 500 million as on the last date of FY 2018-19. In case of bids submitted for different generation sources, the bidder must meet net worth requirement for the total capacity being offered by it. Further, it should have minimum annual turnover of Rs 250 million of the quoted capacity during FY 2018-19.
The developer should have minimum three years of experience in solar or wind power generation and should have built, owned and operated a minimum 100 MW of grid-connected solar and/or wind power plant capacity, connected at 11 KV or above.
The project must be commissioned within six months from the date of signing of PPA.
The declared annual capacity utilization factor (CUF) should be minimum 19% for solar PV projects and 29% for wind projects. The developers must maintain generation so as to achieve annual CUF within + 10% and -10% of the declared value till the end of PPA duration of 25 years, subject to the annual CUF remaining same as the declared CUF.