Tata Power Delhi Distribution Ltd., which distributes electricity in North and North-West Delhi, has started accepting bids to develop 255 MW of wind-solar hybrid projects and an additional 255 MW under a greenshoe option.
The projects will be installed on a build-own-operate (BOO) basis. The minimum bid capacity is 50 MW (with at least 50 MW of the project capacity being proposed at each project site) and a maximum of 255 MW.
For a project to qualify as a hybrid project, the rated power capacity of one resource (wind or solar) must be at least 33% of the total contracted power capacity. Tata Power-DDL requires 85 MW solar (33%) and 170 MW wind power out of the total 255 MW project capacity, with a greenshoe option of an additional 255 MW project capacity on similar lines. Accordingly, the bidder should quote solar and wind quantum in the ratio of 1:2.
Tata Power-DDL will sign power purchase agreements with the successful developers at the respective tariffs discovered after the e-reverse auction. The PPA duration will be 25 years.
Developers must submit their bid by offering a single tariff for all the projects quoted, which shall be applicable for the term of the PPA.
“Existing projects having untied capacity can also participate in the bid process in line with the conditions specified in the RfS and PPA. However, in such case, the bidder should ensure that the minimum remaining useful life of the project is between 20 years to 25 years on the date of submission of bid,” as per the tender document.
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