Karnataka Renewable Energy Development Ltd. (“Authority”/ “KREDL”) incorporated under the Companies Act, 1956 is a nodal agency of the Government of Karnataka to facilitate the development of renewable energy in the State of Karnataka. KREDL processes all applications received for setting up of renewable energy generations plants and based on their recommendation, Government of Karnataka (“GoK”) approves and grants rights to such independent power producers set up their generation plants in the State.
Subsequently, KREDL also monitors progress of various renewable energy projects in the State. In furtherance of the said objective and in line with the Renewable energy Purchase Obligations (“RPO”) set out by Karnataka Electricity Regulatory Commission (“KERC”), GoK intends to undertake development of 130 (One Hundred and Thirty) MW of solar thermal and/or solar PV power plants in the State of Karnataka in the second phase (hereinafter referred to individually as the “Project” and collectively referred as the “Projects”). GoK has, through KREDL, decided to carry out the bidding process for selection of the Bidders to whom the Project(s) may be awarded.
Bidders are allowed to bid for one or more Project(s) based on the Eligibility Criteria stipulated in this RFP. This RFP document is common for all the Projects. It may be noted, however, that for all intents and purposes the Projects are independent of each other and the Bidder shall, as part of its Financial Bid, submit separate Discount in Tariff (as defined in Clause 1.2.5) for each of the Project for which it is submitting its Bids in accordance with this RFP document. Separate agreements shall have to be entered for each Project with concerned electricity supply company (“ESCOMS”) (hereinafter referred to as the “Power Purchase Agreement”).
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