SJVN Limited has issued a tender inviting bids from developers to supply 6 GWh (1.5 GW x 4 hours) of assured peak power from inter-state transmission system (ISTS)-connected renewable energy projects integrated with energy storage systems (ESS). The deadline for bid submission is January 24, 2025.
According to the tender guidelines, the bidders are required to pay a bid processing fee of Rs 1.5 million and submit a deposit of Rs 1.23 million per MW. Selected bidders must also furnish a performance guarantee of 3.06 million per MW. The tender specifies that the minimum project capacity or contracted capacity a bidder can offer is 50 MW, while the maximum capacity is 750 MW. The total cumulative capacity to be awarded under this tender is 1,500 MW. The peak power supply is defined for four hours daily, split between 00:00 to 08:00 in the morning and 17:00 to 24:00 at night.
Eligible projects include renewable energy or ESS installations that are under construction, yet to be commissioned, or already operational but selling power on a short-term merchant basis. However, these projects must not be part of any state or central government programme or have obligations to sell power to designated beneficiaries. The tender seeks to promote commercially proven and operationally reliable technologies to ensure the timely commissioning of projects. The wind turbines used in the projects must be type-certified models included in the Revised List of Models and Manufacturers issued by the Ministry of New and Renewable Energy (MNRE). Similarly, the solar photovoltaic modules must be listed under MNRE’s List-I of Approved Models and Manufacturers of Solar Photovoltaic Modules.
According to the eligibility criteria, the bidders must have a minimum net worth of Rs 12.26 million per MW as of the end of the last financial year. They must also demonstrate a minimum annual turnover of Rs 18.39 million per MW of the quoted capacity during the same period. Additionally, bidders must show an internal resource generation capability—profit before depreciation, interest, and taxes—of at least Rs 3.68 million per MW of the quoted capacity as of the previous financial year. Furthermore, they must provide an approval letter from lending institutions confirming a line of credit of at least Rs 7.66 million per MW of the quoted capacity to meet the project’s working capital requirements.
