Guidelines for Selection of New Grid Connected Solar Projects ...

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“Inter-connection point / Metering point” shall mean the point at 33kV or above where the power fromthe solar power project is injected into the CTU/STU transmission system (including the dedicatedtransmission line connecting the power project with the CTU/STU system). Metering shall be done at thisinterconnection point where the power is injected into the CTU/ STU system.“Parent” shall mean a company, which holds at least 26% equity either directly or indirectly in the ProjectCompany or a Member in a Consortium developing the Project.“Project” is defined by a single point of injection into the grid.“Solar PV Project” means the Solar Photo Voltaic power project that uses sunlight for direct conversioninto electricity through Photo Voltaic technology.“Solar Thermal Project” means the Solar Thermal power project that uses sunlight through ConcentratedSolar Power technology (based on either line focus or point focus principle) for conversion intoheat/steam which can be used for producing electricity.“Technology Partner” shall mean an entity from which the Bidder proposes to take technology support.This entity can be a Member in more than one Bidding Consortium provided that it does not have morethan 10% of equity commitment in each Consortium;“Ultimate Parent” shall mean a company, which owns at least twenty six percent (26%) equity eitherdirectly or indirectly in the Parent and Affiliates.4
SECTION 2:2.1. Capacity of Each ProjectGUIDELINES FOR SELECTION OF SOLAR PVPROJECTSGiven the requirement to connect the project to the transmission utility substations at 33kV andabove, the Project capacity shall be at least 5 MW + 5% in case of Solar PV Projects and the maximumcapacity of the Project shall be up to 20 MW± 5%. The plant capacity shall remain in multiples of 5MW.2.2. Request for Selection for Short-listing of ProjectsNVVN shall invite project developers to participate in the Request for Selection (RfS) for developmentof Solar Photovoltaic Projects under this scheme. The Project Developer shall submit the RfS within30 days of the invitation by NVVN.2.3. Processing FeesThe Project Developer shall submit non-refundable processing fee of Rs. 1 Lakh for each Project alongwith the RfS.2.4. Number of Applications by a CompanyThe total capacity of Solar PV Projects to be allocated to a Company including its Parent, Affiliate orUltimate Parent-or any Group Company shall be limited to 50 MW. The Company, including its Parent,Affiliate or Ultimate Parent-or any Group Company may submit application for a maximum of threeprojects at different locations subject to a maximum aggregate capacity of 50 MW. The Company shallsubmit one single application in the prescribed format detailing all projects at multiple locations forwhich the developer is submitting the application.Any capacity of solar power projects allocated to the Project Developer in any of earlier allocations bythe Ministry of New and Renewable Energy or any other agency shall not be counted for thispurpose.2.5. Qualification Criteria for Short-Listing of Solar PV ProjectsA. Financial CriteriaNet WorthThe Net Worth of the company should be equal to or greater than the value calculated at the rate ofRs 3 Crore or equivalent US$ per MW of the project capacity upto 20 MW. For every MW additionalcapacity, beyond 20 MW, additional net worth of Rs. 2 Crore would need to be demonstrated. Thecomputation of Net Worth shall be based on unconsolidated audited annual accounts of thecompany. The Company would be required to submit annual audited accounts for the last fourfinancial years (or if the period of existence of the Company is less than four Years, then startingfrom the year of incorporation) viz. 2007-08, 2008-09, 2009-10 and 2010-11 (if available) indicatingthe year which should be considered for evaluation along with a net worth certificate from aChartered Accountant to demonstrate fulfillment of the criteria. However, for new as well as existing5
Page 5 and 6: Guidelines forSELECTION OF NEW GRID
Page 7 and 8: SECTION 1:BACKGROUND AND INTRODUCTI
Page 9: 1.5. Definitions“Affiliate” sha
Page 13 and 14: B. Technical CriteriaUnder the Phas
Page 15 and 16: e. In the eventuality of a tie in t
Page 17 and 18: for the balance Capacity will stand
Page 19 and 20: date seven days prior to submission
Page 21 and 22: 3.7. Selection of Projects based on
Page 23 and 24: c. Delay of more than two month and
Page 25 and 26: Annexure 1ATechnical Requirements o
Page 27 and 28: Annexure 1BTechnical Qualification

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