Punjab Genco, a wholly-owned company of Punjab Energy Development Agency (PEDA), has invited bids for the design, manufacture, supply, testing, and commissioning of 16 MW (4 x 4 MW) of solar power projects in the Bhatinda district of Punjab.
The successful bidder will also have to take care of maintenance activities for five years.
The last date to submit the bids online is January 18, 2022. Bids will be opened on January 20.
Bidders must furnish ₹16 million (~$214,923) as an earnest money deposit. Within 15 days after receiving the work order, the bidder should furnish a performance bank guarantee that is 10% of the contract value.
The projects should be completed within ten months from the signing of the contract by the bidder.
The bidder should be a manufacturer or system integrator, who must have designed, manufactured, tested, supplied, erected, and commissioned one single project of 16 MW capacity or two projects of 8 MW capacity each or four projects of 4 MW capacity each.
The bidder should have experience operating and maintaining solar projects of aggregate 8 MW capacity or more for a minimum of two years in the last three years.
The bidder’s annual turnover should be at least ₹800 million (~$10.75 million) in any one of the last three years. The net worth should be ₹2 billion (~$26.87 million) in any of the last three financial years. The bidder will be required to submit a solvency certificate from bankers stating that the company has the creditworthiness and financial standing to execute the project.
In the event of delay in the installation and commissioning of the project, the bidder will be liable to pay the penalty at 1% value of the contract value for every week of delay, subject to a maximum of 5% value. If the projects are not commissioned within 13 months of signing the contract, Punjab Genco will be at liberty to cancel the work order.
Punjab Genco has stated that the bidders should take note of the imposition of basic customs duty (BCD) from April 2022 while placing their bids. The imposition of BCD will not be considered a ‘Change in Law.’ The modules to be procured for these projects should be from the Approved List of Models and Manufacturers (ALMM), as issued by the Ministry of New and Renewable Energy.
Last month, PEDA invited bids for a cumulative capacity of 18 MW of grid-connected solar power projects at four Bhakra Beas Management Board locations on a build, own, and operate basis.
According to Mercom’s India Solar Tender Tracker, PEDA has issued tender for 335 MW of solar projects to date.
Rakesh is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.