Adani Electricity Mumbai Limited (AEML) has issued a Request for Selection (RfS) for establishing 350 MW of grid-connected wind-solar hybrid power projects.
An additional 350 MW capacity has been tendered under the greenshoe option of the global competitive bidding process.
An earnest money deposit of ₹0.5 million/MW for each project must be submitted as a bank guarantee in this regard. The project has been sanctioned to fulfill the renewable purchase obligation (RPO) of Adani Electricity.
The company will sign power purchase agreements (PPAs) with the selected bidders for the purchase of wind and solar hybrid power for 25 years from the commercial operation date.
A maximum bid of 700 MW capacity can be offered by an interested bidder, including the 350 MW offered under the greenshoe option.
Hybrid power project includes two parts, one solar and one wind.
The eligibility criteria state that the bidders can be an individual or group entities and can submit multiple bids with a cumulative capacity less than or equal to 700 MW. The minimum project capacity will be 50 MW.
If the bidder wants to set up more than a single project, the projects must have separate injection points and metering arrangements.
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