Rewa Ultra Mega Solar IN INDIA
The Power Grid Corporation of India Limited (PGCIL) has signed a Memorandum of Understanding (MoU) with Rewa Ultra Mega Solar Limited ...PGCIL developed the 220/400 kV Inter-state transmission system for Rewa Solar Power Plant to different power purchasers. First project to get funding from ... Construction cost: ₹4,500 crore Location: Rewa district, Madhya Pradesh Nameplate capacity: 750 MW Commission date: 5 July 2018
3. Auctions
RUMSL selected developers based on 3 stage assessment viz; Technical Proposal, Financial Proposal, Reverse Auction. RUMSL conducted the bid and reverse auction process using the Electronic Tender portal hosted by the Telecommunication Consultants India Ltd (TCIL).
The 750 MW capacity was auctioned in three packages of 250 MW each. RUMSL invited bids from solar power developers in January 2017. Twenty firms submitted bids, from which eighteen were shortlisted based on their financial and technical proposal to participate in the bidding process. The reverse auction process for the project involved 33 hours of non-stop bidding by the shortlisted bidders beginning at 10 AM on 9 February 2017. Mahindra Susten, ACME Solar Holdings, and Solengeri Power won the first, second and third units quoting tariffs of Rs 2.979, Rs 2.970 and Rs 2.974 for the first year of operations. In Jan 2017, these were the lowest tariffs ever awarded through a bidding process for a solar project in India, however, is now higher than the INR 2.44/unit quoted in the new auctions for the Bhadla Solar Park. International Finance Corporation was the transaction advisor of the project. The total cost of the project is estimated at around Rs 4,500 crore.
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