Chandigarh, India (Natural Energy News): Chandigarh is buzzing with excitement as the Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST) opens bids for ambitious rooftop solar projects totaling 50 MW. Under the RESCO model, residential houses across the Union Territory will be adorned with grid-connected solar power systems, ushering in a new era of clean energy.
Bid Invitation Details
The deadline for bid submissions is set for March 13, 2024, stirring up a flurry of activity among potential bidders eager to secure a role in this groundbreaking initiative. With bids opening promptly the following day, stakeholders are racing against the clock to meet the stringent requirements outlined by CREST.
Stringent Criteria and Exciting Opportunities
Bidders must demonstrate their commitment to the project through an earnest money deposit of ₹2.5 million (~$30,165), signaling their readiness to embark on this transformative journey. However, Micro Small and Medium Enterprises (MSME) can breathe a sigh of relief as they are exempted from this deposit, albeit with certain conditions.
Project Specifications and Financial Obligations
The scope of the projects ranges from 5 kWp to 10 kWp for each service connection, ensuring flexibility and scalability in implementation. Additionally, selected bidders must provide a performance guarantee of ₹1,000 (~$12.07) per kWp, underscoring the importance of delivering results in this dynamic landscape.
Past Performance and Future Commitments
To participate in this endeavor, bidders must boast a robust track record, including the successful installation and commissioning of solar projects with a cumulative capacity of 500 kWp or above. This prerequisite ensures that only the most experienced and capable entities are entrusted with driving this monumental initiative forward.
Incentives and Supportive Measures
The rooftop solar projects selected through this bidding process stand to benefit from central financial assistance (CFA) under the PM Surya Ghar: Muft Bijli Yojana, offering a significant boost to the chosen vendors. However, adherence to strict guidelines regarding the use of approved solar modules is imperative to unlock these incentives.
Conclusion
As Chandigarh embraces the dawn of a sustainable future, the launch of these rooftop solar projects marks a pivotal moment in its journey towards renewable energy dominance. With bold ambitions and unwavering commitment, Chandigarh is poised to emerge as a beacon of innovation and progress in the realm of clean energy.
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