The Gujarat State Electricity Corporation Limited (GSECL) has invited bids for 110 MW of grid-connected solar projects.
The projects would range from 10 MW to 55 MW and would be set up at various substations of Gujarat Energy Transmission Corporation Limited (GETCO). Apart from the installation, the contract will also include comprehensive maintenance for ten years.
According to the tender documents, the projects will be developed at Nikava (15 MW), Pachham (40 MW), and Sanesh (55MW). The project at Nikava should be completed within ten months, and the project at Pachham should be completed within a year. Similarly, the project at Sanesh should be commissioned within 15 months.
The last date for the submission of bids is September 16, 2020, and the pre-bid meeting will take place on September 09, 2020. Interested bidders will have to submit an amount of ₹400,000 (~$5,389)/MW as the earnest money deposit (EMD).
To take part in the bidding process, the bidder should have experience of design, supply, installation, commissioning, and operation of 66% of the total capacity in or outside India on or after April 01, 2014. Out of the total installed capacity, the cumulative capacity of 90% should have been commissioned and in operation in India.
Regarding the financial criteria, the cumulative turnover of the bidder for the last three years should be ₹40 million (~$538,938)/MW multiplied by 0.9. The net worth of the bidder in the previous year should be positive.
If the bidder is a 100% subsidiary company and does not satisfy the annual turnover criteria, its holding company would be required to meet the requirements. The net worth of the holding company should at least be equal to the paid-up share capital of the subsidiary company.
According to Mercom’s India Solar Project Tracker, Gujarat has so far installed approximately 2.4 GW of large-scale solar projects while ~2.2 GW of projects is currently in the pipeline.
In February this year, GSECL floated a tender for 185 MW of grid-connected solar projects ranging between 20 MW and 40 MW in capacity at various substations of GETCO.
Earlier, GSECL had invited bids for 250 MW of solar power projects ranging between 20 MW to 60 MW at substations of GETCO.
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.