NHPC Ltd, a leading Indian power company, has recently launched a tender to select developers for the setup of 1,200 MW of grid-connected solar PV power projects with 600 MW/2,400 MWh of energy storage systems (ESS). This tender requires the selected developers to build, own, and operate the projects on land identified and arranged by them. The energy storage system (ESS) must have a minimum capacity of 0.5 MW/2 MWh for every 1 MW of contracted capacity.
The tender document states that the ESS can be owned by the solar power developer or tied up separately with a third party for the supply of power. NHPC Ltd will enter into a power purchase agreement (PPA) with the selected developers for the purchase of solar power for a period of 25 years. The power will be sold to the state utilities, distribution companies, and other beneficiaries.
The minimum project size is 50 MW, increasing in multiples of 10 MW under the ‘Open’ category, with a cap of 600 MW without the Greenshoe option and 1,200 MW with it. For projects in the North-Eastern States and Special Category, the minimum contracted capacity offered by a bidder will be 30 MW.
The tender bidding process is set to close on April 24, offering a unique opportunity for developers to participate in the Indian solar market’s growth. By selecting the right developers, NHPC Ltd aims to increase India’s solar power generation capacity and reduce carbon emissions. This move demonstrates the company’s commitment to promoting renewable energy and reducing the country’s reliance on fossil fuels.