NTPC gives 1.58 GW DCR Solar Modules Contract to Emmvee, Vikram Solar and ReNew

The auction, initiated in September 2023, saw Emmvee, Vikram Solar, and ReNew emerge as the successful bidders.

NTPC gives 1.58 GW DCR Solar Modules Contract to Emmvee, Vikram Solar and ReNew

New Delhi: NTPC Renewable Energy Limited (NTPC REL) has announced the winners of its auction for the supply of 1.58 GW of crystalline solar bifacial modules, each with a minimum wattage output of 540 Wp, for projects totaling 1,255 MW at Khavda Solar Park in Gujarat’s Kutch district. The auction, initiated in September 2023, saw Emmvee, Vikram Solar, and ReNew emerge as the successful bidders

Emmvee secured two blocks, each with a capacity of 397.70 MW, totaling 795.4 MW. Meanwhile, Vikram Solar won a block with a capacity of 397.70 MW, and ReNew received the final block of 391.50 MW.

 

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The exact values of the contracts are not disclosed. All modules will be provided under the domestic content requirement (DCR) category. The winning bidders must supply the modules within 245 days of receiving the award notification. Emmvee will supply its TOPCon bifacial PV modules for the project.

The tender details specified the requirement for 1.58 GW of bifacial crystalline solar modules for 1,255 MW solar projects in Khavda Solar Park. Bidders were allowed to quote supply capacities in four blocks: Block-1 (391.50 MW), Block-2 (397.70 MW), Block-3 (397.70 MW), and Block-4 (397.70 MW). A bid security deposit of Rs 20 crore was required for one or two blocks and Rs 50 crore for three or four blocks.

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Eligibility criteria included a history of supplying solar modules or cells with a cumulative capacity of at least 40 MW, including one order of 10 MW or more and meeting financial turnover requirements based on the quoted capacity.

Furthermore, bidders’ net worth as of the last day of the previous financial year must be equal to at least 100% of their paid-up share capital. Companies from countries sharing a land border with India had to be registered with the competent authority to participate.

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