Tata Power Delhi Distribution Ltd, which distributes electricity in North and North West Delhi, has started accepting bids to develop a 255 MW wind-solar hybrid project with an additional 255 MW added.

For projects to qualify as hybrid projects, wind or solar must be rated for at least 33% of the total contracted electrical capacity. Tata Power-DDL requires 85 MW of solar and 170 MW of wind out of the total project capacity of 255 MW, with a green shoe option for an additional 255 MW of project capacity on similar lines. Therefore, bidders should quote solar and wind energy at a ratio of 1:2.

Tata Power-DDL will sign a power purchase agreement with the winning developer based on the corresponding electricity price found after the electronic reverse auction. The PPA term is 25 years. Developers must submit bids by providing a single tariff for all offered projects, which shall apply to the term of the PPA.

Projects with unrestricted existing capacity can also participate in the bidding process under the conditions set out in the RfS and PPA. However, in this case, bidders should ensure that the project has a minimum remaining useful life of 20 to 25 years at the date of bid submission.Editor/XingWentao