Tenders

Indian State Utility Launches GW-Scale Solar PV Tender

Anu Bhambhani
  • NHPC Limited has invited bidders for its 1.2 GW ISTS-connected solar PV tender  
  • It also includes an additional solar PV capacity of 1.2 GW under a greenshoe option  
  • Projects will need to be installed on a BOO basis with a single bidder eligible to bid for 600 MW without a greenshoe option 

Indian state-owned hydropower utility NHPC Limited has launched a competitive procurement process to source up to 1,200 MW solar PV capacity, with an additional of up to 1,200 MW under a greenshoe option.  

Winning bidders will be required to set up the grid-connected solar PV power projects anywhere in India with inter-state transmission system (ISTS) connectivity. Land for these projects needs to be identified and arranged by the solar power generators (SPG).  

The minimum capacity a single bidder can bid for is 50 MW, and thereafter in multiples of 10 MW up to a maximum of 600 MW without a greenshoe option. With greenshoe option, the maximum capacity for a single bidder can go up to 1.2 GW.  

Eligible projects located in the north-eastern and special category states can offer a minimum capacity of 30 MW.  

Projects need to be installed on a build-own-operate (BOO) basis. The task also includes setting up a dedicated transmission network up to the interconnection/delivery point.  

NHPC is the offtaker and intermediary nodal agency for the procurement of power supplied by the SPGs. It will procure power generated under a 25-year power purchase agreement (PPA) to be sold to various state utilities/discoms and other beneficiaries. Details for the latter will be shared by NHPC at a later date.  

The tender was launched on May 31, 2024. Bids will be admitted till June 29, 2024. Details are available on NHPC's website with Works No. NH/CCW/CC-I/CO-319/PR16924/2.    

In November 2023, NHPC auctioned 3 GW ISTS-connected solar PV capacity to the winners, achieving the lowest winning bid of INR 2.52/kWh (see India Solar PV News Snippets).   

In April 2024, NHPC signed a memorandum of understanding (MoU) with Norway's Ocean Sun for the demonstration and implementation of the latter's floating solar energy technology in India. Earlier in October 2023, another state-owned hydropower utility SJVN also announced a collaboration with Ocean Sun (see Indian PSU Partners With Norwegian PV Company).