SOLAR ENERGY CORPORATION OF -17

SECI/Cont./SRT-IV/70/2014/ 14-07-2014

Subject: Notification of the L1 bidders of different States in Part-A (Capex) and Part-B (RESCO) for price matching by L2, L3,L4….and so on.

1.0 The “Request for Selection (RfS)” was floated by SECI for Selection of bidders for implementation of 50 MW Grid Connected Roof Top Solar PV Projects (Phase-IV) vide RFS No.: SECI/Cont./SRT-IV/70/2014 dated 24.03.2014 and subsequent amendments and clarifications issued by SECI, dated 12th April, 2014, 17th April, 2014, 28th April, 2014, 2014 and 01st May, 2014. The Price bid opening of bids of qualified bidders was held on 10th July, 2014, in front of representatives of the bidders who wished to be present.

2.0 Subsequent to evaluation of bids by SECI, following list of bidder’s states wise is prepared in the ascending order of the price quoted by the bidders for different models viz. Part-A(CAPEX) and Part-B(RESCO).Details are as follows: Part-A

Andhra Pradesh[ 3 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) 1 Tata Power Solar Systems Ltd. 1500 67 L1 Bihar[ 2 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) Premier Solar Powertech Pvt. 1 1000 75.97 L1 Ltd. Gujarat[ 2 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) 1 Harsha Abakus solar Pvt. Ltd. 1000 65 L1 2 Tata Power Solar Systems Ltd. 1000 67 L2 Haryana[ 2 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) 1 Hero Solar Energy Pvt. Ltd. 1000 83 L1 2 Su-Kam Power Systems Ltd. 1000 83.2 L2 Jharkhand[ 2 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) Premier Solar Powertech Pvt. 1 1000 75.97 L1 Ltd. 2 Fourth Partner Energy Pvt. Ltd. 1000 78.6 L2 Karnataka[ 2 MW]

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Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) 1 Tata Power Solar Systems Ltd. 1000 67 L1 2 Bosch Limited 1000 77 L2 [ 1 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) 1 Ujaas Energy Limited 500 78 L1 2 Hasan Marketing Pvt. Ltd. 500 79.8 L2 3 Welspun Energy Pvt. Ltd. 500 87.1 L3 Maharashtra[ 3 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) SunEdison Solar Power India 1 1500 63 L1 Pvt. Ltd. 2 Thermax Limited 1500 64.9 L2 3 Relyon Solar Pvt. Ltd. 1500 67 L3 4 Tata Power Solar Systems Ltd. 1500 67 L3 5 KPM Infrastructure Pvt. Ltd. 1500 72 L4 6 Bosch Limited 1500 78 L5 Punjab[ 2 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) 1 Hero Solar Energy Pvt. Ltd. 1000 84.5 L1 2 Azure Power India Pvt. Ltd. 1000 86 L2 Rajasthan[ 1 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) 1 Rays Power Experts (P) Ltd. 500 71 L1 Premier Solar Powertech Pvt. 2 500 75.98 L2 Ltd. 3 Fourth Partner Energy Pvt. Ltd. 500 78.6 L3 Rajasthan Electronics & 4 500 90 L4 Instruments Limited Tamil Nadu[ 3 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) 1 Thermax Limited 1500 72.4 L1 Mahindra EPC Services Pvt. 2 1500 73 L2 Ltd. 3 Jakson Engineers Limited 1500 75 L3 4 Bosch Limited 1500 79 L4 [ 3 MW] Quoted Capacity Unit Rate Remarks S No. Bidder (kWp) (Rs./Wp) 1 Jakson Engineers Limited 1500 73 L1 Elcomponics Technologies 2 1500 79.92 L2 India Pvt. Ltd.

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Part-B Karnataka[ 1 MW] Quoted Levellized S Depreciation Bidder Capacity Tariff Remarks No. Method (kWp) (Rs./kWh) ReNew Solar Energy 1 500 5.97 Without AD L1 Pvt. Ltd. Clean Max Enviro 2 Energy Solutions Pvt. 500 6.209 Without AD L2 Ltd. Madhav Infra Projects 3 500 6.68 Without AD L3 Ltd. Andhra Pradesh [ 2 MW] Quoted Levellized S Depreciation Bidder Capacity Tariff Remarks No. Method (kWp) (Rs./kWh) ReNew Solar Energy 1 1000 5.97 Without AD L1 Pvt. Ltd. Clean Max Enviro 2 Energy Solutions Pvt. 1000 6.339 Without AD L2 Ltd. Mahindra EPC 3 1000 6.355 Without AD L3 Services Pvt. Ltd. Madhav Infra Projects 4 1000 6.68 Without AD L4 Ltd. Delhi[ 2 MW] Quoted Levellized S Depreciation Bidder Capacity Tariff Remarks No. Method (kWp) (Rs./kWh) L1 bidder with L1 Madhav Infra Projects 1. 1000 6.68 Without AD price using “ AD” will Ltd. be Rs 5.845/kWh. Bidder has Quoted Jakson Engineers tariff Rs. 5.85/Wh 2. 1000 6.685714 - Limited with A.D and he is a L2 bidder. ReNew Solar Energy 3. 1000 6.69 Without AD L3 Pvt. Ltd. Hero Solar Energy 4. 1000 6.745 Without AD L4 Pvt. Ltd. Maharashtra[ 2 MW] Quoted Levellized S Depreciation Bidder Capacity Tariff Remarks No. Method (kWp) (Rs./kWh) Avant Garde Power 1 1000 4.726 Without AD L1 Solutions Pvt. Ltd. SunEdison Solar 2 1000 5.974 Without AD L2 Power India Pvt. Ltd. Clean Max Enviro 3 Energy Solutions Pvt. 1000 6.177 Without AD L3 Ltd. ReNew Solar Energy 4 1000 6.24 Without AD L4 Pvt. Ltd.

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Mahindra EPC 5 1000 6.355 Without AD L5 Services Pvt. Ltd. Sunshine Solpower 6 1000 6.481 Without AD L6 Generation Limited Tamil Nadu[ 2 MW] Quoted Levellized S Depreciation Bidder Capacity Tariff Remarks No. Method (kWp) (Rs./kWh) L1 bidder with L1 SunEdison Solar 1 1000 6.322 Without AD price “ AD” will be Rs Power India Pvt. Ltd. 5.531/kWh. Bidder has Quoted Su-Kam Power tariff Rs. 5.596/kWh 2 1000 6.395 - Systems Ltd. with A.D and he is L2 bidder.

3.0 All the bidders, other than L1 bidder of a state, can give their consent (in the format as attached herewith in Annexure-1) by 21st July, 2014, for matching the L1 price of the State in which he has submitted his offer for Part-A and for Part-B .After the receipt of consent, Capacity will be allocated to all the bidders at L1 price of the State.

As per the RFS, L1 bidder in a State is a successful bidder and subject to L1 price matching by other bidders of a State, other bidders shall also be called as Successful bidder(s).

For example: In Maharashtra, we have received bids for 9MW in Part-A against the tender capacity of 3MW. After the receipt of consent for matching the L1 price by all the bidders of the State, 9MW capacity can be allocated to all the bidders of the Maharashtra at L1 price.

Same procedure may be adopted for other states as well where bids are in excess of tender capacity are received by SECI in Part-A and Part-B.

Note: Matching of L1 price in Part-B shall mean matching of entire tariff stream of 25 years.

4.0 In case if you require any clarification on above, please contact the undersigned.

(Avnish Parashar) Dy. Manager(C)

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Annexure-1 Ref No.____ Date ______

To, Solar Energy Corporation of India (A Govt. of India Enterprise) 1st Floor, D-3, A Wing, Religare Building District Centre, Saket, New Delhi - 110017

Kind Attn: Avnish Parashar, Dy. Manager (Contracts) Sub: Consent for Matching the L1 price against the RFS no SECI/Cont./SRT- IV/70/2014 dated 24-03-2014. Ref: Your notification No SECI/Cont./SRT-IV/70/2014 dated 14-07-2014

Dear Sir, In reference to your notification No SECI/Cont./SRT-IV/70/2014 dated 14-07-2014 regarding the subject mentioned tender, we hereby confirm to

1. Match the L1 price of Rs.______for the State of ______in Part-A/Part-B (strike out which is not applicable) in which I have submitted my bid against RFS no SECI/Cont./SRT-IV/70/2014 dated 24-03-2014

This is without prejudice to RFS terms and conditions.

Thanking You Yours faithfully,

Authorised Signatory (Name and signature with Company Stamp)

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