1. Home
  2. Infrastructure Energy
  3. POWER & RENEWABLE ENERGY
  4. UP issues bids for 500 MW solar park along Bundelkhand expressway
UP issues bids for 500 MW solar park along Bundelkhand expressway
POWER & RENEWABLE ENERGY

UP issues bids for 500 MW solar park along Bundelkhand expressway

16 Oct 2024 2 Min Read CW Team
The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has called for bids from solar power developers to establish a 450-500 MW solar park along the Bundelkhand Expressway, utilizing a build-own-operate model. The deadline for bid submissions is November 15, 2024, with bid openings scheduled for November 18.

The designated land for the solar project, which stretches 15-20 meters on both sides of the 296.07 km expressway, encompasses slope and loop areas near major junctions, totaling approximately 1,700 hectares. Bidders are required to submit proposals for a minimum capacity of 50 MW.

The project agreement will be valid for 25 years from the commercial operation date. Interested bidders must pay a document fee of ?11,800 ($140) and an earnest money deposit of ?500,000 ($5,948) per MW. Successful bidders will also need to provide a performance bank guarantee of ?1.5 million ($17,843) per MW.

Prospective bidders are encouraged to visit the project site to assess conditions, access routes, and the availability of essential utilities for construction. They should also familiarize themselves with relevant laws, regulations, and other factors that could affect their bids, including potential risks.

To be eligible, bidders must not have been blacklisted by any government agency or found guilty of serious fraudulent practices. They are required to use commercially established and operational technologies to mitigate risks and ensure timely project completion.

Bidders must demonstrate a net worth of at least ?10 million ($118,949) per MW of contracted capacity and an average annual turnover of at least ?15 million ($178,428) per MW over the past three financial years.

Previously, UPEIDA also invited bids for the establishment of public charging stations along the state’s expressways through a public-private partnership.

The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has called for bids from solar power developers to establish a 450-500 MW solar park along the Bundelkhand Expressway, utilizing a build-own-operate model. The deadline for bid submissions is November 15, 2024, with bid openings scheduled for November 18. The designated land for the solar project, which stretches 15-20 meters on both sides of the 296.07 km expressway, encompasses slope and loop areas near major junctions, totaling approximately 1,700 hectares. Bidders are required to submit proposals for a minimum capacity of 50 MW. The project agreement will be valid for 25 years from the commercial operation date. Interested bidders must pay a document fee of ?11,800 ($140) and an earnest money deposit of ?500,000 ($5,948) per MW. Successful bidders will also need to provide a performance bank guarantee of ?1.5 million ($17,843) per MW. Prospective bidders are encouraged to visit the project site to assess conditions, access routes, and the availability of essential utilities for construction. They should also familiarize themselves with relevant laws, regulations, and other factors that could affect their bids, including potential risks. To be eligible, bidders must not have been blacklisted by any government agency or found guilty of serious fraudulent practices. They are required to use commercially established and operational technologies to mitigate risks and ensure timely project completion. Bidders must demonstrate a net worth of at least ?10 million ($118,949) per MW of contracted capacity and an average annual turnover of at least ?15 million ($178,428) per MW over the past three financial years. Previously, UPEIDA also invited bids for the establishment of public charging stations along the state’s expressways through a public-private partnership.

Next Story
Infrastructure Transport
24 Jan 2025

India to Form Consortium, Launch Bharat Shipping Line to Boost Trade Ties

India plans to establish a consortium involving equity participation by public sector enterprises to bid for operating overseas port asset. The stakeholders in this entity, tentatively named Bharat Global, will include the Indian Port Rail & Ropeway Corporation, Sagarmala Development Company, and the Shipping Corporation of India (SCI). A senior official remarked, “The consortium will replicate the Chabahar port model in other strategic locations.” India also plans to operationalise Bharat Container Shipping Line as a vertical within SCI to mitigate global trade disruptions. The move ali..

Read More
Next Story
Infrastructure Energy
24 Jan 2025

ISTS-TBCB Projects Award Rs1 Trillion in 9MFY25

India Ratings and Research (Ind-Ra) has maintained a Stable rating outlook for transmission projects for FY26, supported by consistent regulations and expectations of steady operational performance. The agency highlighted significant capital expenditure plans and project awards during the first nine months of FY25 as major positives for the sector. Among 58 commissioned projects, only eight were completed on schedule, while the rest experienced an average delay of nine months. The Central Electricity Regulatory Commission (CERC) has been granting time extensions for delays caused by force ma..

Read More
Next Story
Infrastructure Energy
24 Jan 2025

NTPC Group Reaches 350 BU Mark in 295 Days, 11 Days Before FY24

NTPC Group has set a new record in power generation, achieving 350 Billion Units (BU) of electricity production in the financial year 2024-25. This milestone was reached on January 20, 2025, marking the fastest accomplishment of this scale in the company’s history. It was achieved in just 295 days, which is 11 days earlier than the same milestone achieved in the previous financial year on January 31, 2024. The company boasts an installed capacity of 76.5 GW and has 29.5 GW of capacity under construction. This includes 9.6 GW of renewable energy projects, highlighting NTPC's focus on clean e..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

India to Form Consortium, Launch Bharat Shipping Line to Boost Trade Ties
PORTS & SHIPPING
24 Jan 2025

India to Form Consortium, Launch Bharat Shipping Line to Boost Trade Ties

ISTS-TBCB Projects Award Rs1 Trillion in 9MFY25
POWER & RENEWABLE ENERGY
24 Jan 2025

ISTS-TBCB Projects Award Rs1 Trillion in 9MFY25

NTPC Group Reaches 350 BU Mark in 295 Days, 11 Days Before FY24
POWER & RENEWABLE ENERGY
24 Jan 2025

NTPC Group Reaches 350 BU Mark in 295 Days, 11 Days Before FY24

Indian Railways Collaborates with Sparsh CCTV for Station Security
RAILWAYS & METRO RAIL
24 Jan 2025

Indian Railways Collaborates with Sparsh CCTV for Station Security

Vande Bharats to Run on Bullet Train Corridor until Shinkansens Arrive
RAILWAYS & METRO RAIL
24 Jan 2025

Vande Bharats to Run on Bullet Train Corridor until Shinkansens Arrive

CtrlS Plans to Establish Datacenter Park on 40-Acre Land Near Hyderabad
Technology
24 Jan 2025

CtrlS Plans to Establish Datacenter Park on 40-Acre Land Near Hyderabad

Noida: YEIDA to Acquire 5,000 hectare for Multiple Projects
Real Estate
24 Jan 2025

Noida: YEIDA to Acquire 5,000 hectare for Multiple Projects

Macrotech Claims Rs 10 Bn paid to Abhinandan Lodha
Real Estate
24 Jan 2025

Macrotech Claims Rs 10 Bn paid to Abhinandan Lodha

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000