RfS FOR SUPPLY OF 5000 MW ROUND-THE-CLOCK POWER FROM RE & THERMAL

RfS FOR SUPPLY OF 5000 MW OF ROUND-THE-CLOCK POWER - RE + THERMAL POWER
RfS Date – 17/03/2020 RfS Due Date – 04/05/2020

Timelines
Bid Validity - 180 Days from Last
date of Bid Submission
Release of PBG for Unsuccessful
Bidders - 15 Days after closure
of e-RA
LOA - Letter of Award
30 days from LOA - Apply
Connectivity at S/s , Submit PBG,
Payment of Success Fee, Deadline
to amend breakup of Capacity
(without altering total) in Cover
letter
Apply for LTA & Apply for MOD
Clearance - 60 days from LOA
Deadline for Document
Submission by Selected Bidder
- 70 days from issuance of LOA
Effective Date - 90 Days from
issuance of LOA or Signing of PPA
(Indicated in PPA)
Achieve FC - <-500 MW - 12
Months from ED, > 500 MW and
<= 1000 MW – 18 Months from
ED, > 1000 MW – 24 Months
SCD - > 500 MW - 18 months
from ED, > 500 MW and <= 1000
MW - 24 months, > 1000 MW -
30 months of PPA ED or from ED
of PSA whichever is earlier
Security Deposit Payment – Pro-
rata payment before CoD

# Description Amount Mode Timing
01 RfS Fee (Non-Refund) INR. 29,500 Incl. of GST DD / PO / NEFT / RTGS Along with Bid
02 Processing Fee (Non-Refund) INR. 15 Lakhs + 18% GST DD / PO / NEFT / RTGS Along with Bid
03 EMD INR. 5 Lakhs/MW BG Along with Bid – 9 Month Validity
04 Success Fee (Admin. Fee) INR. 1 Lakh/MW + 18%
GST
DD / PO / NEFT / RTGS Within 30 days of issuance of LOA
05 PBG INR. 10 Lakhs/MW BG Within 70 days from LoA or PPA signing
(whichever is earlier)
06 Security Deposit INR. 5 Lakhs /MW DD / PO / NEFT / RTGS Pro-rata payment on before CoD

Financial Eligibility Criterion
# Description Amount
01 Net worth >= INR 1.50 Cr./ MW
02 Liquidity Requirement – at least One of the Three Criterion to be fulfilled
o Minimum Annual turnover INR 2.45 Cr./ MW
o Internal resource generation capability – PBDIT INR 0.49 Cr./ MW
o In-principle sanction letter – to meet working capital INR 0.6125 Cr./ MW

Section 1: Definitions
Section 2: Invitation for Bids (IFB)
Section 3: Instruction to Bidders
Section 4: Qualifying Requirements For Bidders (QR)
Section 5: Bid Evaluation And Selection Of Projects
Section 6: Other Provisions
Section 7: Sample Forms & Formats For Bid Submission
Section 8: General information

❑ Basis “Draft Guideline for Tariff Based Competitive Bidding Process for Procurement of Round-The Clock Power from Grid Connected
Renewable Energy Power Projects, complemented with Power from Coal Based Thermal Power Projects" vide F.No. 283/48/2019 - 12.02.2020
❑ RE Power Developers (RPDs) to
❑ bid for a minimum capacity of 500 MW out of 5,000 MW aggregate capacity offered to be installed anywhere in India
❑ set up Technology agnostic RE projects on Build Own Operate (BOO) basis in accordance with RfS & standard PPA
❑ supply RE power with thermal power “Round-the-Clock” basis with availability beyond 80% on annual basis
❑ ensure at least 51% of annual energy from RE, including Energy Storage System (ESS), and balance drawn from coal-based Projects
❑ scope include Land, Connectivity, Approvals and Long-term Open Access in the scope
❑ quote Composite inclusive of statutory taxes, duties, levies, cess etc. if applicable on bid submission date
❑ avail fiscal incentives like AD, CCD, ED, Tax Holidays and etc, if applicable
❑ minimize technology risk and to achieve the timely commissioning of the Projects
❑ SECI to
❑ enter PPA for 25 years at a composite single tariff for renewable energy, complemented with thermal energy
❑ act as intermediary on back-to-back basis between RPD and Buying entities)
❑ at its discretion entitled to substitute any entity for selling power procured from selected Bidder
❑ Power procured from RE Power Developers (RPDs) is provisioned to be sold to Buying Utilities intimated at later date
❑ Project transfer or sale permitted (post 3 years CoD - lock-in) provided the 3rd party honour PPA obligations, terms & conditions

❑ Bidders allowed to form JV/ Consortia
❑ Bidders to submit, at the time of bid submission, proof of such “Spare Capacity” tie-up from thermal power plant
❑ ‘Spare Capacity’, means unencumbered capacity of a thermal project from any power supply commitments or PPA
❑ Spare capacity tied-up should be at least 60% of their offered bid capacity
❑ Thermal power generator cannot tie up with > one bidder for the same Spare Capacity
❑ Spare Capacity tied-up for current bid cannot be used for another tie unless the current bid is concluded
❑ Multiple Spare capacities can be tied-up from same thermal power plant with different bidders
❑ Bidder may tie up with multiple ‘spare capacities’ of different thermal power plants and submit a single bid
❑ Option of type (Wind, Solar, Hydro etc.) and mix of RE sources and the usage of ESS shall be with the Generator
❑ Criterion for RE Projects
❑ Already commissioned RE projects cannot be considered under this RfS
❑ Enhancement and augmentation of already commissioned RE Projects cannot be considered under this RfS
❑ RE Projects under construction/ yet to be commissioned and not accepted under any other Central or State Schemes allowed
❑ Criterion for Thermal Projects (Only Coal, No Lignite or NG)
❑ Already commissioned/ under construction thermal projects can be considered if they have spare capacity available for long-term supply
❑ Thermal Power can use domestic/ imported coal as fuel – coal/imported coal needs to be clearly stipulated at bid submission

❑ COST OF DOCUMENTS & PROCESSING FEES
❑ MSMEs (Micro, Small & Medium Enterprises) registered with NSIC/DIC/Udyog Aadhar exempted from Tender Processing Fee & EMD
❑ RE Projects (Min. 500 MW and Max. 5000 MW) required to be designed for inter-connection with ISTS S/s at 220kV or above.
❑ Project capacity refer to RE capacity being installed by RPD
❑ Tie-ups with thermal projects will not be considered as part of Project Capacity or Contracted Capacity under RfS, PPA and PSA
❑ PROJECT LOCATION
❑ Projects can be located anywhere in India.
❑ RE components and thermal can be connected with CTU network at multiple injection points, but within same RLDC region
❑ PROJECT SCOPE & TECHNOLOGY SELECTION
❑ RPD to set up RE Project complemented with Thermal Project including dedicated transmission up to Interconnection/ Delivery Point
❑ MAXIMUM ELIGIBILITY FOR PROJECT CAPACITY ALLOCATION FOR A BIDDER
❑ Bidder (incl. Parent, Affiliate or Ultimate Parent or Group Company) may submit a single bid for any capacity - 500 MW to 5000 MW
❑ Bidder wishes to set up > 1 Project - Need to be identifiable with boundary wall, separate injection points & metering arrangement
❑ Multiple bids from same company or group company to make all the bids submitted invalid

❑ CONNECTIVITY WITH THE GRID
❑ Minimum voltage for interconnection at the ISTS is 220 kV
❑ RTC power (solar, wind, small hydro & thermal) can be connected with CTU at different CTU S/s, but within same RLDC region
❑ Bidders free to choose ISTS S/s for Interconnection on Pan-India basis from available margin in existing S/s
❑ Transmission up to interconnection point (metering point) is responsibility of RPD at his own cost, incl. dedicated transmission line
❑ Maintenance of Transmission system up to interconnection point is the responsibility of RPD
❑ All expenses including wheeling charges and losses beyond Metering Point borne by Buying Entities.
❑ RPD to comply with Forecasting, Scheduling and Deviation Settlement, as applicable
❑ Reactive power and other charges against power drawn from grid payable as per CERC/SERC regulations
❑ Buying Utility responsible for all transmission charges, losses and other charges beyond Delivery Point and up to the drawl point
❑ RPD to follow detailed Connectivity Procedure as issued by CERC on 15.05.2018
❑ RPD to Submit SECI
❑ 30 days prior to proposed CoD - Connectivity letter from CTU confirming technical feasibility of connectivity of plant to ISTS S/s
❑ Prior to commissioning of Project – Copy of LTA signed

❑ POWER SUPPLY BY RTC POWER DEVELOPER
❑ Criteria for Power Supply
❑ Procurement shall be in Power / MW terms
❑ RPD to ensure Availability of Contracted Capacity is at least 80% (“Normative Availability”)
❑ Availability is deemed at 100% unless declared otherwise
❑ RPD confirm Availability from Project no later than 48 hours prior to its occurrence.
❑ Buying Utility to issue instructions through SECI for production of electricity and despatch
❑ RPD to plan despatch and convey availability for scheduling thereof by SLDC/ RLDC
❑ RPD mandated to make available the plant to buying utility on a Round-the-Clock basis
❑ RE component (including RE Charged Energy Storage System (ESS) is eligible for RPO compliance
❑ Apportionment of RPO (between solar & non-solar) be on the lines of principle adopted in case of hybrid plants
❑ Shortfall in Power Supply
❑ Availability Compensation
❑ If RPD supplies energy < corresponding to Normative Availability, RPD liable to pay “Availability Compensation”
❑ Compensation payable to SECI and Compensation payable by SECI to Buying Utility provided in Power Sale Agreement (PSA)
❑ Compensation to be applied to shortfall in generation during Contract Year
❑ Amount of compensation is calculated 25% of cost of shortfall at PPA tariff

❑ RE Shortfall Compensation
❑ Compensation levied for shortfall in RE supply below 51% of total energy supplied - “RE Shortfall Compensation”
❑ RE Shortfall Compensation shall be equal to 25% of PPA tariff
❑ RE Shortfall Compensation calculated as per actual generation and methodology provided during project implementation
❑ RE Shortfall Compensation payable irrespective of buying utility required to pay compensation for not meeting of RPO
❑ In case shortfall is in both Availability and RE Shortfall, maximum of two compensations is applicable
❑ RPD to agree methodology specified for calculation of LDs payable for shortfall is genuine and accurate pre-estimation of actual loss
❑ Compensation is not payable in events of Force Majeure identified under PPA
❑ Excess Generation
❑ RPD allowed to supply excess power to any 3rd party or power exchange without requiring any NOC from SECI/Discom
❑ Offtake Constraints due to Grid Unavailability & Backdown
❑ Generation Compensation due to Grid Unavailability (> 175 Hrs) = GU x AVGGen x CFC
❑ GU = Total hours of grid unavailability in Contract Year
❑ AVGGen = Average Generation / hour during Contract Year
❑ CFC = Composite Fixed Charges (Not Composite Tariff)

❑ Generation Compensation due to Backdown = BDC x BDT x AVGGen x 1000 x CFC
❑ BDC = Backed Down capacity in MW
❑ BDT = Backed Down Time in Hours
❑ AVGGen = Average Generation / hour during Contract Year
❑ CFC = Composite Fixed Charges (Not Composite Tariff)
❑ No Trading Margin applicable on this Generation Compensation provided under Backdown Clause
❑ Generation Compensation to be paid as part of energy bill for successive month after receipt of REA/ SEA/ JMR
❑ No back-down/curtailment is to be ordered without giving formal/written instruction for the same
❑ CLEARANCES REQUIRED FROM THE STATE GOVERNMENT AND OTHER LOCAL BODIES
❑ RPD to apply for all necessary approvals, permits and clearances before 90 days from the issuance of LOAs
❑ EMD
❑ EMD of INR 5 Lakh/ MW per Project unconditional & irrevocable BG to be submitted along with Bid
❑ Validity = Last date of bid submission + 09 months
❑ BG to be issued in the name of Bidding Company/ Lead Member of Bidding Consortium
❑ In the event of encashment of EMD, encashed amount shall include all applicable taxes
❑ SECI to release BG of unsuccessful Bidders (towards EMD) within 15 days after completion of e-Reverse Auction
❑ If deadline for submission of bids is extended, Bidder submits EMD extension within 7 days from date of actual bid submission

❑ PBG
❑ Submit PBG for a value @ INR 10 Lakh/ MW within 70 days of issuance of LoA or before signing of PPA., whichever is earlier
❑ Validity = Effective date of PPA + 9 months after SCD
❑ Either successful Bidder or SPV incorporated for implementing the Project will issue the PBG
❑ On receipt of total PBG, BG submitted towards EMD shall be returned by SECI to successful Bidder
❑ Delay charges in submission of PBG
❑ Up to 1 month from PBG submission due date 1% of PBG amount per month + 18% GST levied on per day basis
❑ Beyond 1 month forfeit EMD and terminate the Project
❑ In case of payment, balance amount shall attract Interest rate @ 1-year SBI MCLR rate /annum on pro-rata basis
❑ PBGs to be replaced with the new PBGs if an SPV is formed to implement the Project before signing of PPA
❑ Selected Bidder to sign PPA with SECI within 90 Days after the issue of LoA
❑ All PBGs (executed on non-judicial stamp paper) to be from SCB’s and preferably submitted separately for each Project
❑ PBGs issued by foreign branch of a SCBs is to be endorsed by Indian branch of the same bank or SBI.
❑ All expenditure towards execution of Bank Guarantees such as stamp duty etc. shall be borne by the Bidders/Bidders
❑ PBG shall be returned after successful CoD after taking into account any LDs due to delays in commissioning

❑ Success Charges
❑ Success fee of INR 1.00 Lakh/ MW + 18% GST to be paid to SECI
❑ Payment to be made in the form of DD/ Pay Order/ NEFT/ RTGS within 30 days of issuance of LOA.
❑ Delay attract interest @18% per annum with 18% GST, levied on per day basis – “Delay Charges”
❑ Payment of Delay Charges reduced from total amount due towards delay charges and interest amount.
❑ Balance to be paid attract Interest rate @ one-year SBI MCLR rate /annum on pro-rata basis.
❑ PPA will be signed only after deposit of the Success Charges to SECI
❑ Payment Security Deposit (PSD)
❑ PSD to form part of Payment Security Fund maintained by SECI for Projects
❑ Prior to declaration of commissioning of first part capacity of Project, Bidder to furnish a PSD @INR. 5 lakh/MW/Project to SECI
❑ PSD through DD/NEFT/RTGS
❑ PSD shall be credited to SECI pro-rata to the part capacity being commissioned
❑ Delay in payment of PSD allows SECI to recover PSD from monthly energy payments along with interest @ SBI 1-year MCLR from CoD

❑ FORFEITURE OF EMD IN FOLLOWING CASES
❑ If Bidder withdraws or varies bid after due date any time during bid validity
❑ If Selected Bidder does not submit requisite documents as per PPA or does not execute PPA within stipulated time period
❑ If issue of LOA, it documents furnished during RfS are found misleading or misrepresented and facts suppressed
❑ If bidder fails to furnish required PBG
❑ POWER PURCHASE AGREEMENT (PPA)
❑ PPA to be signed within 90 days from date of issue of LoA
❑ PPA valid for a period of 25 years as per provisions of PPA
❑ RPD to provide project breakup for cumulative capacity quoted, which can be changed upto 30 days from issuance of LoA
❑ Modification in capacities of Wind and/or Solar components and thermal to be intimated to SECI within 30 days of issuance of LoA
❑ Successful bidders to submit required documents, within 70 days from issue of LoA, to SECI
❑ SECI not liable for delay in verification of documents and subsequent delay in signing of PPA
❑ In extraordinary cases of unavoidable delays, effective date of PPA may be fixed as 7 days from signing of PSA for total capacity
❑ Effective Date of PPA is 90th day from issuance of LOA or 7 days from the date of signing of corresponding PSA, whichever is later
❑ Back-to-back PSAs with buying entity assuming all obligations of SECI under PPA
❑ RPDs free to reconfigure and repower project from time to time during PPA duration

❑ Applicable Tariff:
❑ PPA shall be signed on a single, ‘Composite Tariff’ applicable for the Project.
❑ Composite Tariff comprises of
❑ Normative Composite Fixed Charges - 70% of composite tariff
❑ Normative Composite Variable Charges - 30% of composite charges
❑ 30% of total quoted tariff shall be indexed with coal prices as per index to be notified by CERC
❑ FINANCIAL CLOSURE OR PROJECT FINANCING ARRANGEMENTS AND LAND ARRANGEMENTS
❑ For Project size <= 500 MW, Projects to achieve FC within 12 months from PPA Effective Date
❑ For Project size > 500 MW and <= 1000 MW, Projects to achieve FC within 18 months from PPA Effective Date
❑ For Project size > 1000 MW, Projects to achieve FC within 24 months from PPA Effective Date
❑ At the stage of FC, RPDs shall report 100% tie-up of Financing Arrangements for Projects
❑ RPD to submit a certificate/necessary documents from all financing agencies regarding 100% fund tie-up (both Debt & Equity)
❑ RPD to submit documents to SECI at least 14 days prior to the scheduled FC date.
❑ In case of default in achieving FC within time, SECI entitled to encash PBG and remove Project from list of selected Projects, unless
❑ delay is on account land allotment by Government, or
❑ on account of factors not owing to any action or inaction on part of RPD, or
❑ caused due to a Force Majeure as per PPA

❑ Subsequent to completion of deadline for achieving FC, SECI to issue notices to RPDs not meeting requirements of FC
❑ Notice period to provide of 7 business days to either furnish necessary documents or make payment of INR. 1,000/MW/day
❑ INR. 1,000/MW/day to be paid in advance prior to commencement of delay and calculated based on delay as estimated by RPD
❑ Non-submission of either requisite documents or necessary amount, SECI cam encash the PBG and terminate PPA
❑ Extension will not have an impact on Scheduled Commissioning Date of Project
❑ RPD meeting requirements of FC before last date of proposed delay period,
❑ Any extension charges paid to be returned to RPD without interest on achievement of successful commissioning within SCD
❑ Any extension charges paid , on pro-rata basis
❑ Delay in deposition of payment (INR. 1000/MW/Day) shall be charged an intertest @ 1 year SBI MCLR rate/annum on pro-rata basis
❑ LAND ARRANGEMENT
❑ RPD to submit land documents/Lease Agreement to establish possession/right to 100% required land.
❑ Land should be in the name of RPD for a period not less than complete term of PPA, on or before SCD.
❑ Wherever leasing of private land is involved, lease should allow transfer of land lease rights to Lenders / Procurer, in case of RPD’s default
❑ Commissioning of Project not be allowed until demonstration of land possession by the RPD
❑ COMMISSIONING
❑ SECI may authorize any individual or committee / organization to witness and validate Commissioning procedure on site.
❑ Commissioning certificates shall be issued by the State Nodal Agency or SECI after successful commissioning.

❑ PART COMMISSIONING
❑ Part commissioning of Project accepted subject to condition that minimum capacity for acceptance is 100 MW
❑ For e.g., a project of 550 MW may be commissioned in 6 parts: 5 x 100 MW each plus 50 MW
❑ land corresponding to part capacity is required to be demonstrated prior to declaration of commissioning of the said part capacity
❑ SCD will not get altered due to part commissioning
❑ Irrespective of dates of part / full commissioning, PPA will remain in force for a period of 25 years after SCD
❑ COMMISSIONING SCHEDULE AND LIQUIDATED DAMAGES NOT AMOUNTING TO PENALTY FOR DELAY IN COMMISSIONING
❑ For a Project of size not > 500 MW, SCD for commissioning full capacity of Project is 18 months from PPA Effective Date
❑ For a Project size > 500 MW but not more than <= 1000 MW, SCD for full capacity of Project is 24 months from PPA Effective Date
❑ For a Project size > 1000 MW, SCD for full capacity of Project is 30 months from PPA Effective Date
❑ If delay in commissioning of Project is beyond SCD, PBG is encashed on per-day-basis proportionate to capacity not commissioned
❑ Delay beyond SCD but until Max. Deadline, PBG to be encashed on per-day basis proportionate capacity not commissioned
❑ For e.g., 249 MW is commissioned in 250 MW and 1 MW is delayed by 1 days from SCD, Delay LD is as follow
❑ PBG Amount = INR. 10,00,000 x 250 = INR. 25,00,00,000
❑ Delay LD = INR. 25,00,00,000 x (1/250) X (1/270) = INR. 3,703.5
❑ Max. time allowed for commissioning of full Capacity with applicable LDs is limited to date as on 6 months from SCD/extended SCD
❑ If Commissioning is delayed beyond Extended SCD, PPA capacity stand reduced/ amended to Capacity commissioned
❑ PPA for balance capacity stand terminated

❑ SECI obliged to buy power only within CUF range laid down in PPA as per guidelines
❑ Any extension of PPA beyond 25 years will be through mutual agreement between RPD, Buying Entity and SECI
❑ DELAY IN COMMISSIONING ON ACCOUNT OF DELAY IN LTA PERATIONALIZATION
❑ In case of delay in commissioning due to reasons beyond control of RPD, SECI may extend SCD after examining issue case-to-case
❑ Delay in commissioning / operationalization of thermal project is not admissible among factors warranting an extension in SCD
❑ EARLY COMMISSIONING
❑ RPD permitted for full / part commissioning even prior to SCD
❑ Early commissioning of Project allowed solely at the risk and cost of HPD
❑ Early part/ full commissioning of Project and energy procurement is subjected to SECI approval
❑ SECI to purchase energy from early commissioned Project at PPA tariff plus trading margin, only if Discom agrees to purchase
❑ If SECI does not agree to purchase, RPD free to sell to 3rd party until SCD / SECI’s commencement of procurement of power
❑ Intimation regarding consent to procure energy from early commissioning to be provided by SECI within 30 days of request made
❑ COMMERCIAL OPERATION DATE (CoD)
❑ CoD is date on which commissioning certificate is issued for commissioning of full capacity
❑ Two milestone Dates observed before CoD - Interconnection with Grid and Commissioning of Project
❑ Any energy flowing into grid before CoD is not be at the cost of SECI
❑ Developers free to make short-term sale to any organization or individual.
❑ SECI may agree to buy this power as a trader if they find it viable outside this RfS

❑ Appropriate Commission to adopt Tariff within 60 days of such submission
❑ Any delay in adoption of tariff by Appropriate Commission, beyond 60 days to entail corresponding extension in SCD
❑ MINIMUM PAID UP SHARE CAPITAL TO BE HELD BY PROJECT PROMOTER
❑ No change in controlling shareholding of Bidding Company or Bidding Consortium permitted from of bid deadline to PPA execution
❑ In case Project is being set up by a listed Company, condition not be applicable
❑ Following not considered as change in shareholding:
❑ Infusion of Fresh equity capital amongst existing shareholders at Bid Submission to meet equity requirements
❑ Conversion of CCDs, CCPs etc. already issued to existing shareholders
❑ Death, marriage, Divorce, minor attaining major, insolvent, insane of existing shareholders
❑ Transfer of shares within the members of Promoter Group
❑ Transfer of shares to IEPF
❑ Issue of Bonus Shares
❑ In case of Project being executed through SPVs:
❑ Selected Bidder, being a single company, ensure shareholding in SPV/ Project Company executing PPA, not fall below 51%
❑ Shareholding not to fall below 51% any time prior to 03 years from CoD, except with SECI’s prior approval
❑ Selected Bidder is a consortium, ensure combined shareholding of consortium members in
❑ SPV/ Project Company executing PPA, not fall below 51%
❑ Shareholding not to fall below 51% any time prior to 03 years from CoD, except with SECI’s prior approval
❑ Project is being set up by a listed Company, this condition will not be applicable

❑ Selected Bidder itself executing PPA, to ensure promotors not cede control till 3 years after CoD, except with the prior approval of SECI
❑ Control shall mean ownership, directly or indirectly, of more than 50% of voting shares or right to appoint majority Directors)
❑ Project is being set up by a listed Company, this condition will not be applicable.
❑ Companies under Joint Control to maintain shareholding for a period of 03 years after CoD
❑ Joint Control means multiple promoters none having >50% voting rights and paid-up capital
❑ Any change in shareholding after expiry of 03 years after CoD to be undertaken under intimation to SECI.
❑ Transfer of controlling shareholding within same group of companies allowed after 3 years after CoD with SECI’s permission
❑ subject to condition that management control remains within same group of companies
❑ If Shareholding/ Substitution of Promoters triggered by FI’s leading to fresh PPA with a new entity requires Facilitation Fee Payment
❑ INR 10 Lakh per Project +18% GST per Transaction to be deposited with SECI

❑ NON-RESPONSIVE BID
❑ Non-submission of the requisite Cost of RfS and/ or Processing Fee;
❑ Non-submission or partial submission of EMD;
❑ Bidder will be debarred from SECI tenders for a period of 6 months, starting from last date of bid submission of this RfS.
❑ Response to RfS not received by the due date and time of bid submission;
❑ Non-submission of correct, valid and operative Pass-Phrases for both Technical and Financial Bid (Price Bid) Parts;
❑ Non-submission of Original BG and/or DDs/Pay order against Cost of RfS Document and/or DDs/Pay order against Bid Processing Fee;
❑ Any indication of tariff in any part of response to the RfS, other than in the financial bid;
❑ Data filled in Electronic Form of Financial Bid (Second Envelope), not in line with instructions mentioned in same electronic form;
❑ Bidding Company including Ultimate Parent Company/Parent Company/ Affiliate/ Group Companies submitted > 1 response to RfS

❑ Sticker on Bidding Envelope
❑ No documents accepted in person, on or before date of bid
submission.
❑ DDs/PO against of RfS document and bid processing fee to
be submitted in person or via post/courier, subsequent to 2
working days after bid submission deadline
❑ Bank Guarantee against EMD and Sworn Affidavit submitted
in both online and offline modes.
❑ Documents to be submitted Offline
❑ DD/PO/NEFT/RTGS/ details towards Cost of RfS Document
❑ DD/PO/NEFT/RTGS details towards Bid Processing Fee
❑ BG towards EMD as mentioned in Bid Information Sheet
❑ Sworn Affidavit
❑ Pass-phrases for Techno-commercial and Financial bids

❑ Documents Submitted Online - Technical Bid (1st Envelope)
❑ Scanned, Signed and Sealed copy of
❑ Format 7.1,
❑ Format 7.2 (if applicable),
❑ Format 7.3 A,
❑ Format 7.4,
❑ Format 7.5 (if applicable),
❑ Format 7.6
❑ Format 7.7
❑ Format 7.8,
❑ Format 7.9
❑ Format 7.10
❑ Format 7.11 in Clause 20 and ITB
❑ All attachments in Clause 20
❑ Scan of NEFT/RTGS/DD/PO towards Cost of RfS
❑ Scan of BG towards Cost of EMD
❑ Electronic Form at ISN-ETS portal
❑ Submission of Pass-Phrase after bid submission but
before Online Tender Opening Event (TOE) of Tech. Bid
❑ Financial Bid (2nd Envelope)
❑ Single financial bid containing the scanned copy of
❑ Covering letter as per Format 7.12
❑ Prelim. Project Cost estimate as per Format 7.13
❑ Only a single tariff bid for all Projects to be filled online in
Electronic Form provided at ISN-ETS portal

❑ Notice Board for Display at Project Site ❑ Validity of Response to RfS
❑ 180 date from last date of submission of response to RfS
❑ Bid Preparation Cost
❑ To be borne by Bidder
❑ Pre-Bid Meeting
❑ Right of SECI to reject the Bid
❑ Post LoA Compliances
❑ Timely completion will be Bidder’s responsibility
❑ signing of PPA,
❑ meeting FC Requirements,
❑ Conditions Subsequent (PPA),
❑ Commissioning and etc.

General Eligibility
Company
Indian Foreign
Bidding Consortium with one Company as Lead member
Indian Indian with Foreign
Form Project Company before PPA signing keeping shareholding Intact
Separate Project Company for each Project application made
Form SPV as a subsidiary
company with at least 76%
holding before PPA signing
Can also form SPV as a subsidiary
company with at least 76%
holding before PPA signing
Controlling shareholding won’t change from Bid submission to 1 year after
Project CoD
Transfer of Controlling shareholding within same group companies
allowed after CoD with SECI permission subject to Management Control
remains with same Group companies
Bidding company can divest up to 24% after PPA signing

❑ Technical Eligibility Criterion
❑ Proposed to promote commercially established and operational technologies to minimize technology risk and to achieve timely CoD
❑ Technology proposed at bid submission can be changed at FC
❑ Successful Bidder has to confirm selection of technology at the time of Financial Closure.
❑ Bidders required to furnish evidence of complying with MNRE specifications, Approved and Revised List of Models and Manufacturers
❑ Technical Eligibility of Thermal Capacity
❑ Bid doesn’t envisage setting up of new Thermal Power Plant, but do a back-to-back tie up for supply from Thermal Power
❑ Already commissioned/ under construction thermal projects can be considered if they spare capacity available for long-term supply
❑ Thermal Power can use domestic/ imported coal as fuel – coal/imported coal needs to be clearly stipulated at bid submission
❑ ‘Spare Capacity’, means unencumbered capacity of a thermal project from any power supply commitments or PPA
❑ Bidders to submit, at the time of bid submission, proof of such “Spare Capacity” tie-up from thermal power plant
❑ Spare capacity tied-up should be at least 60% of their offered bid capacity
❑ Thermal power generator cannot tie up with > one bidder for the same Spare Capacity
❑ Spare Capacity tied-up for current bid cannot be used for another tie unless the current bid is concluded
❑ Multiple Spare capacities can be tied-up from same thermal power plant with different bidders
❑ Bidder may tie up with multiple ‘spare capacities’ of different thermal power plants and submit a single bid
❑ Criterion for Thermal Projects (Only Coal, No Lignite or NG)

❑ Financial Eligibility Criterion of Projects
❑ Bidder can seek qualification on the basis of financial capability of its Affiliate(s)
❑ Net worth
❑ Net worth should be equal to or > INR 1.50 Cr./MW of quoted capacity, as on last date of previous FY 2019 or 7 days before bid
❑ Net worth to be considered will be the cumulative net-worth of the Bidding Company or Consortium together with Affiliates
❑ Liquidity Requirement – At least One of the Three Criterion to be fulfilled
❑ Annual Turnover
❑ A minimum annual turnover of INR 2.45 Cr./ MW the previous financial year, i.e. FY 2019 or 7 days before bid
❑ “Other Income” indicated in annual accounts of Bidder shall not be considered for arriving at the annual turnover.
❑ Internal resource generation capability
❑ PBDIT for a minimum amount of INR 0.49 Cr./ MW of the quoted capacity, as on the last date of FY 2019 or 7 days before bid
❑ In-principle sanction letter – to meet working capital
❑ from lending institutions/ banks committing a LC for a min. amount of INR 0.6125 Cr./ MW
❑ Such letter can also be obtained by Affiliate(s) of the Bidder
❑ For the purposes of meeting financial requirements, only latest unconsolidated audited annual accounts shall be used
❑ Data Provided by Bidders in foreign currency to be converted into INR at RBI reference rate prevailing on closing of accounts
❑ Currencies with no RBI reference rate - Bidders to convert such currency into USD and use for conversion

❑ Financial requirement (Net-Worth & Liquidity) to be met by each Member of Consortium - computed in proportion to equity commitment
❑ For e.g., if A and B form a Consortium with equity participation in 70:30 ratio and submit their bid for 100MW then,
❑ Net-Worth to be met by Consortium is INR. 1.5 Crores x 100MW = INR. 150 Cr.
❑ Minimum requirement of Net-Worth to be met by Lead Member A = INR 105 Cr.
❑ Minimum requirement of Net-Worth to be met by Lead Member B = INR. 45Cr.
❑ Similar methodology to be followed for computation of Turnover and Other liquidity requirement.

❑ Techno-Commercial Evaluation of Bidders
❑ Step 1 - First Envelope Evaluation (Technical Bid)
❑ Technical Bid submitted online (clause 3.25 A) will be opened whose hardcopies are received at SECI office
❑ Bid opening (online) done only after deadline for submission of BG and/or DDs/PO against RfS document & Bid opening fee
❑ For e.g., if bid submission deadline is 18:00 hrs. on 05.12.2019, the online bid opening will be conducted on 08.12.2019
❑ During examination of bids, SECI may seek clarifications / additional documents
❑ Bidders to respond to any clarifications/additional documents sought by SECI within 7 days from date of such intimation from SECI
❑ All correspondence shall be made through email/ ISN-ETS (International Support Network) portal only
❑ Step 2 – Second Envelope (Financial Bid) Evaluation
❑ Techno-Commercially Qualification done on “First Round Tariff”/“First year Composite tariff” quoted Electronically in Financial Bid
❑ Shortlisted bidders invited for Reverse Auction
❑ Reverse Auction conducted only on first year composite tariff as quoted by Bidders
❑ On Techno-Commercial evaluation, if 1 / 2 Bidders are eligible for next stage, opening of financial bid at SECI discretion

❑ Step - 3 - Reverse Auction
❑ At least 1 week prior to RA, an advance intimation will be emailed on date and time to all technically qualified Bidders
❑ At least 2 hours before schedule start time of e-RA, final intimation for participation will be sent to shortlisted bidders
❑ Shortlisted bidders will be able to login into ISN-ETS website 15 minutes before RA
❑ During 15 minutes prior to start of RA process, respective tariff along with total project capacity displayed on its window.
❑ Minimum decrement value for tariff shall be . 0.01 per kWh.
❑ Bidder can lower the price by at least 01 paisa less than its current tariff.
❑ During RA, bidder shall not have the option of changing project capacity
❑ Bidder’s bidding window show
❑ Initial start price and last quoted tariff along with project capacity for which the bidder is qualified;
❑ List of all bidders with Pseudo Identity, last quoted tariff and project capacity
❑ Initial auction period IS 30 minutes with a provision of auto extension by 8 minutes from scheduled/ extended closing time.
❑ auto extension effected by way of reduction in tariff and zonal placement at that instant
❑ Green Zone: Bidders who may be allocated their full quoted Project capacity if auction is closed at that instant.
❑ Yellow Zone: Bidders who may be allocated a part of their full quoted Project capacity if auction is closed at that instant.
❑ Red Zone: Bidders who will not be awarded their quoted Project capacity if the auction is closed at that instant

❑ In case (0.8X ST) <= 5000 MW, all techno-commercially qualified bidders will be shortlisted for e-RA
❑ Accordingly, the no. of bidders shortlisted for e-RA, i.e., “n” = “T”
❑ In case (0.8X ST) >5000 MW, H1 will be eliminated and remaining techno-commercially qualified bidders will be shortlisted for e-RA
❑ In case > 1 bidder is ranked as “H1” bidder (same tariff), all such bidders will be eliminated
❑ Elimination takes place subject to condition total bid capacity after such elimination remains > 5000 MW
❑ contradictory scenario, no elimination
❑ L1 to be allotted its qualified project capacity, L2 to be allotted its qualified project capacity and so on, till 1200 MW is exhausted
❑ If partial capacity offered to last Bidder after e-RA is < 50% of total quoted capacity by such Bidder
❑ the Bidder has an option to refuse such offered partial capacity
❑ BG against EMD submitted shall be returned along with those of the unsuccessful Bidders
❑ If partial capacity offered to last Bidder after e-RA is >=50% of total quoted capacity by such Bidder, mandatory for Bidder to accept
❑ In case of a tie among two or more Bidders, preference given to who has quoted his last bid earlier than others
❑ If time of quote becomes exactly same among Bidders at a tie, then
❑ Step – 1: L1 to be given to Bidder who has quoted the lowest in Financial Bid (Electronic Form) and so on
❑ If there is also a tie among any of these Bidders, then Ranking will be done based on draw of lots
❑ LOA to be issued to all successful Bidders / Lead Member of the Consortium for each Project

❑ State Energy Development Agency
❑ Provide necessary support to facilitate required approvals and sanctions in a time bound manner to achieve CoD
❑ Coordination among various State and Central agencies for speedy implementation of Projects
❑ Support during commissioning of projects
❑ Constitute Commissioning Committee to verify commission of projects and issue commissioning certificates.
❑ State Transmission / CTU / PGCIL
❑ Provide transmission system to facilitate the evacuation of power from the Projects
❑ Coordinate with agencies and facilitate grant of connectivity and LTA so that projects are completed within stipulated time frame
❑ Provide detail of existing & proposed ISTS S/s with information on total installed transformation capacity & capacity available
❑ Support during commissioning of projects

❑ Format 7.1 - Format of Covering Letter
❑ Format 7.2 - Format for Power of Attorney
❑ Format 7.3 A - Format for Earnest Money Deposit (EMD)
❑ Format 7.3 B - Format for Performance Bank Guarantee (PBG)
❑ Format 7.4 - Format for Board Resolutions
❑ Format 7.5 - Format for Consortium Agreement
❑ Format 7.6 - Format for Financial Requirement
❑ Format 7.7 - Undertaking regarding no willful default and no major litigation pending
❑ Format 7.8 - Format for Disclosure
❑ Format 7.9 - Format for Technical Criteria
❑ Format 7.10 - Format for Proposed Technology Tie-up
❑ Format 7.11 - Sworn Affidavit regarding tie-up with spare capacity of thermal project
❑ Format 7.12 - Format for submission of Financial Bid
❑ Format 7.13 - Format for Preliminary Estimate of Cost of RE Power Project
❑ Annexure - A - Technical Requirements for ISTS Connected Solar PV Projects
❑ Annexure - B - Check List for Bank Guarantees
❑ Annexure - C - Special Instructions to Bidders for e-Tendering and Reverse Auction
❑ Annexure - D - Checklist for Financial Closure

Important Note
❑ The Bidders shall not deviate from the naming and the numbering formats mentioned above, in any manner.
❑ In each of the Envelopes, all documents enclosed shall be indexed and flagged appropriately, with index list indicating the name of the
document against each flag.
❑ All the Envelopes shall be properly sealed with the signature of the Authorized Signatory running across the sealing of the envelopes.
❑ In case the Bidder submits the online documents on ISN-ETS within the bid submission deadlines and fails to submit the offline documents
in the office of SECI within the bid submission deadlines, the online bid of the Bidder shall not be opened and shall be ‘archived’ on the ISN-
ETS portal. Similarly, bids submitted offline but without any online submission on ISN-ETS portal shall not be opened and the EMD shall be
returned to the respective bidder.
❑ In case of submission of Bank Guarantee against EMD online on or before the bid submission deadline, and non-submission of the
hard copy of the Bank Guarantee to SECI within the date as on 2 working days subsequent to bid submission deadline, the
respective bidder will be debarred from participating in in any of the tenders issued by SECI, for a period of 6 (six) months, starting
from the last date of bid submission of this RfS.

❑ No documents will be accepted in person, on or before the date of bid submission.
❑ DDs/Pay Orders against the cost of RfS document and bid processing fee may be submitted in person or via post/courier, subsequent to
expiry of bid submission deadline and upto the date as on two (2) working days after the deadlines.
❑ Bank Guarantee against EMD needs to be submitted in both online and offline modes. The Bidders will be required to submit the bank
guarantee, either in person or through post, at the office of SECI until the date as on 2 working days after the closing date of bid
submission. The 2-day duration will be counted from the date of bid submission.

RfS FOR SUPPLY OF 5000 MW ROUND-THE-CLOCK POWER FROM RE & THERMAL

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RfS FOR SUPPLY OF 5000 MW ROUND-THE-CLOCK POWER FROM RE & THERMAL