SJVN Ltd Floats Tender for 2.2 MW Grid-Connected Rooftop Solar PV Projects in Western Region Under RESCO Mode PMSGMBY

Tender Summary – SJVN Ltd. (through SGEL)

Tender No.: SGEL/BD/1500 MW/RfS/0825
Date of Issue: 05 August 2025
Organisation: SJVN Green Energy Limited (SGEL), wholly owned subsidiary of SJVN Ltd.
Project: Selection of Solar Power Developers (SPDs) for setting up 1,500 MW ISTS-connected Solar PV Power Projects across India.

1. Scope of Work

• Setting up ISTS-connected Solar PV projects (50–750 MW per bidder).
• SPD to arrange land, connectivity, transmission up to ISTS, EPC, commissioning, and 25 years O&M.
• SGEL to enter into Power Purchase Agreement (PPA) for 25 years with successful bidders.
• Tariff to be discovered through competitive bidding followed by e-Reverse Auction.

2. Key Dates

• Tender Publication Date: 05.08.2025
• Pre-Bid Meeting: 19.08.2025
• Bid Submission Start: 05.08.2025
• Bid Submission End: 15.09.2025 (14:00 hrs)
• Technical Bid Opening: 15.09.2025 (14:30 hrs)
• Financial Bid Opening: To be notified for technically qualified bidders
• PPA Signing: Within 75 days of issue of LoA

3. Financial & Security Conditions

• EMD (Bid Security): ₹11,80,000 per MW (Bank Guarantee/online transfer, valid 9 months)
• Performance Bank Guarantee (PBG): ₹29,50,000 per MW, valid until commissioning + 1 year
• Tariff Ceiling: ₹2.95/kWh
• Bid Processing Fee: ₹5 lakh + 18% GST (non-refundable)

4. Eligibility Criteria

• Technical: No prior solar project experience required
• Financial:
  • Net Worth: ≥ ₹1.06 crore/MW (as on 31.03.2025 or latest audited FY)
  • Minimum Annual Turnover (MAT): ≥ ₹52.9 lakh/MW
  • Internal Resource Generation (IRG): ≥ ₹10.6 lakh/MW
  • In-principle sanction from lenders: ≥ 75% of debt requirement
  • Bid Capacity: Minimum 50 MW, Maximum 750 MW per bidder
• Special Conditions:
  • Only Class-I local suppliers (as per MII policy) allowed
  • Consortium bidding permitted (max. 3 members); lead member must hold ≥ 51% shareholding

5. Bid Evaluation & Selection

• Process:
  1. Techno-commercial bid evaluation
  2. Financial bid opening of technically qualified bidders
  3. e-Reverse Auction (e-RA)
• Award: Lowest tariff (≤ ceiling) subject to meeting all eligibility & financial criteria

6. Commissioning Schedule

• 18 months from PPA signing – for projects requiring land acquisition/new transmission
• 15 months from PPA signing – if land & connectivity already in possession
• Part-commissioning allowed in blocks of 50 MW

7. Miscellaneous

• Change in Law: As per standard bidding guidelines, with pass-through benefits
• Extensions: SCOD extension possible for force majeure/transmission delays (up to 6 months)
• Penalties: For delay beyond SCOD, encashment of PBG + reduction in PPA tariff

8. Outcome

This tender invites bids for 1,500 MW ISTS solar capacity, with stringent financial criteria and local supplier conditions, aligned with SECI/NTPC-style national solar tenders.