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India’s Karnataka State to Tender for 130 MW of Solar Projects

March 21 (Bloomberg) -- India’s Karnataka state plans to tender for 130 megawatts of solar power projects next month, the state electricity utility said.

Developers may submit bids for building one or more projects having three to 10 megawatts capacity, according to a tender document from state-owned Karnataka Renewable Energy Development Ltd. Companies may submit bids for both solar photovoltaic and solar thermal projects, it said.

The developers will be responsible for laying power lines from their project to the nearest substation at their own cost and for ensuring water availability, it said.

Developers offering to sell power at the highest discount to a tariff approved by the state electricity regulator will win, it said. Winners will sign power-sale contracts with the state electricity supply company and have as long as 24 months to build the plant from the day of signing the agreement.

Companies have until April 23 to submit their bids, which will be opened on April 26, according to the utility.

To contact the reporter on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.net.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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