The Grid Corporation of Odisha (GRIDCO) has tendered 200 MW of grid-connected solar photovoltaic (PV) projects to be developed in Odisha.
For the development of these projects, GRIDCO will enter Power Purchase Agreements (PPAs) with the developers for a period of 25 years.
In the quoted tariff, GRIDCO has provided the bidders with a pass through option in case there is any change in the statutory laws like anti-dumping or safeguard duty on the solar PV modules.
However, this pass through in tariff will be applicable for any imposition of anti-dumping or safeguard duty between the time-period of date of submission of the bid and invoice date of PV modules procured for the project.
A single bidder can bid for a minimum of 10 MW and a maximum of 100 MW. The project will be developed in blocks of 5 MW each. The solar PV projects will be developed under Build Own Operate (BOO) basis.
All approvals, permits and clearances required for setting up of the solar PV project (including connectivity) and those required from the state government and the local bodies will be the responsibility of the bidders.
The project commissioning time-frame is 18 months from date of award of contract. In case of failure to achieve this milestone, GRIDCO will encash the Performance Bank Guarantee (PBG).