Addendum N° 5 – Licence

The Generation Procurement Entity (GPE) is issuing a Request for Proposals for the procurement of up to 100 MW (Net) of electricity generation capacity from renewable energy resources on a Build, Own and Operate (BOO) basis. This RFP seeks qualified national and/or foreign legal entities to design, finance, construct, own, operate, and maintain renewable energy power generation facilities and supply electricity to the National Grid through power purchase agreements.

The procurement process was launched as an Open Call for Tenders on September 18, 2023, pursuant to the Electricity Act, 2015 and related regulations. The selected preferred bidder will be granted a non-exclusive Generation Licence authorizing the operation of the renewable energy complex. The licence grants the licensee the right to build, operate, and maintain the complex and generate and sell bulk electricity to the National Grid in accordance with the terms of the Generation Licence and Power Purchase Agreement (PPA).

This document represents Addendum Number 5 to the December 22, 2023 Amended and Restated RFP, issued on March 15, 2024. The addendum provides modifications to the Form of Licence (Appendix F) and includes comprehensive updates to licensing terms including provisions for licence duration, assignment and transfer restrictions, shareholder requirements, regulatory fees, licensee obligations, information reporting, force majeure, step-in rights, dispute resolution, and governing law. Key modifications establish controls on ownership concentration, requiring ministerial approval for transfers and limiting any single shareholder or controller from controlling more than 50 MW of net capacity across all complexes derived from this Open Call for Tenders.

Applicants are required to acknowledge receipt of all addenda with their bid submissions. The late receipt or non-receipt of addenda shall not relieve applicants from being bound by the modifications. All interested parties are responsible for regularly visiting the GPE website to monitor for additional addenda and updates throughout the procurement process.