Weekly Infra Update - India (13 Jul'20 - 20 Jul'20)
NHAI awards West Bengal road PPP
(Last Update: 13-Jul-20)
The National Highways Authority of India (NHAI) has selected a preferred bidder for a design-build-finance-operate-transfer (DBFOT) concession for a road project in West Bengal.
IRB Infrastructure Developers won preferred bidder status on 10-Jul-20 for the upgrade to 6 lanes of the National Highway 19 Dankuni-Palsit stretch. This is a 63.83km route in West Bengal.
IRB Infrastructure has bid a project cost of Rs21.93 billion ($292 million). The concession is for 17 years including a construction period of 2.5 years. The concessionaire will have tolling rights along the route.
Meanwhile, NHAI has this month (Jul-20) announced plans for a new trust for monetising its completed projects.
The proposed NHAI infrastructure investment trust (InvIT) would be the first state-sponsored InvIT in the country. The authority is in the process of setting up a new company and finding professionals to manage the trust
Shortlist out for Indian station redevelopment PPPs
(Last Update: 20-Jul-20)
Indian Railway Station Development Corporation (IRSDC) has shortlisted bidders for 4 redevelopment projects for railway stations as PPPs.
The 4 stations to be redeveloped are Nagp,ur, Gwalior, Amritsar and Sabarmati.
The request for qualification (RFQ) submissions came in on 26-Jun-20, after IRSDC had issued the invitation for RFQs in Dec-19.
IRSDC has said the estimated cost for all 4 PPPs is Rs.1,300 crores ($173.4 million).
There are 9 developers and funds that make up the pool of shortlisted applicants:
JKB Infrastructure / DMIA – Gwalior and Sabarmati
GMR Business and Consultancy Firm – all 4 PPPs
ISQ Asia Infrastructure Investments (managed by I Squared Capital) – all 4 PPPs
Kalpataru Power Transmission – all 4 PPPs
Anchorage Infrastructure Investments Holdings – all 4 PPPs
Monte Carlo – all 4 PPPs
Kalyan Toll Infrastructure – Gwalior and Sabarmati
GR Infra Projects – all 4 PPPs;
Cube Construction Engineering – Sabarmati
The 4 station redevelopment PPPs tendered are the first to have, in principal, approval of the Public Private Partnership Appraisal Committee of the Indian Government.
Under the PPPs, the concessionaires will receive as the main revenue stream pre-determined user charges on passengers and visitors.
The request for proposals is under preparation as of Jul-20.
SECI tenders 1.07GW solar in Rajasthan
(Last Update: 20-Jul-20)
Solar Energy Corporation of India (SECI) has tendered 1,070MW of grid-connected solar PV capacity in Rajasthan.
The tender, known as Tranche-III, is a tariff-based two-bid competitive bidding process, which kicked off on 16-Jul-20 with a Request for Selection (RFS) document issued.
A pre-bid meeting is scheduled for 31-Jul, ahead of a bid submission deadline on 31-Aug.
Projects would be awarded on a build-own-operate basis and SECI would award a 15-year PPA to each successful bidder, with the energy to be on-sold back-to-back to Rajasthan Urja Vikas Nigam (RUVNL).
Projects must have at least 10MW capacity and must not yet be commissioned.
In the same week as launching the tender, SECI has also released the results of a 2GW ISTS connected solar PV tender on 15-Jul. The tender round was known as ISTS-IX, with the RFS launched on 20-Mar-20. SECI received bids for 5,280MW capacity and shortlisted for an e-reverse auction bidders for a total capacity of 3,800MW.
The highest tariff bid in the e-reverse auction on 30-Jun was Rs2.46 ($0.033) per kWh and the lowest Rs2.36 per kWh.