HPCL Floats Tender for 7 MW Solar Project in Maharashtra
The last day to submit the bids is January 1, 2023
December 13, 2023
Hindustan Petroleum Corporation (HPCL) has invited bids to select an Engineering, Procurement, and Construction (EPC) contractor for a 7 MW solar power project in Maharashtra.
The bidder must identify and offer suitable land on lease to HPCL directly or in sub-lease. They must also oversee the operation and maintenance of the project for ten years.
The power generated from the project will be utilized across 15-20 HPCL marketing locations under captive consumption through open access.
The last day to submit the bids is January 1, 2024. Bids will be opened on the same day.
Bidders must submit an earnest money deposit of ₹140,000 (~$1,679).
Selected bidders must furnish a security deposit cum performance bank guarantee amount equivalent to 10% of the contract price.
To be eligible, bidders should have completed three similar works, each costing not less than ₹250 million (~$2.99 million), two similar works each costing not less than ₹310 million (~$3.72 million), or a similar work costing not less than ₹500 million (~$5.99 million) in India during the seven years.
Bidders should have an average annual financial turnover of ₹190 million (~$ 2.28 million) during the last three years.
The selected contractor must use mono-crystalline solar modules listed in the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers, with a minimum capacity of 540W.
The efficiency of these modules should also be at least 20%, and they must be warranted for their material, manufacturing defects, and workmanship for ten years. The output peak watt capacity should not be less than 90% at the end of ten years and 80% at the end of 25 years.
In case of a delay, liquidated damages equivalent to 0.5% of the total EPC contract value will be applicable per week. A maximum of up to 5% of the total EPC contract value will be levied.
In June, HPCL invited bids for the EPC of a 5 MW grid-connected ground-mounted solar power project in Jhansi, Uttar Pradesh.
Subscribe to Mercom’s India Solar Tender Tracker to stay on top of the real-time tender activity.