NLC India’s solar plus storage tender, which includes a 20 MW PV system and a 28 MWh BESS, has received at least four bids that are lower than 5 billion INR ($76.3 million).
- NLC India’s 20 MW solar PV plus 28 MWh battery energy storage system tender receives bids from 10 companies
- Lowest bidder is Mahindra Susten, which offered at a bidding price of 2.988 billion INR ($45.6 million)
- Four companies handed in bids under 5 billion INR ($76.3 million)
- NLC India will first assess the viability of the bids before it awards the contract
Lignite mining company NLC India has published the list of bidders that participated in the 20 MW solar plus battery energy storage system (BESS) tender it floated in May 2017. A total of 10 companies expressed interest in the project.
Mahindra Susten was the lowest bidder, offering the project at 2.988 billion INR ($45.6 million), followed by Adani that quoted 3.561 billion INR ($54.4 million) and Sterling & Wilson bidding at 4.459 billion INR ($68.1 million), according to Mercom Capital Group. Other contenders are TBEA, Marine Electricals, Hero, BHEL, Ujaas Energy, Enrich Energy and Exide. Total project cost includes both EPC and O&M cost for the entire project.
The 20 MW tender is divided into two projects of 10 MW capacity each, with a BESS capacity of 28 MWh. It was launched by NLC India in May 2017 to be set up at Andaman & Nicobar Islands.
Four bids below 5 billion INR ($76.3 million) were received, which NLC India found surprising given the high BESS cost. Even though Mahindra Susten was the lowest bidder, the mining company will first consider the viability and project feasibility before awarding the contract.
NLC India targets to have 3,990 MW of solar power generation capacity.