Indian Oil Corporation (IOC) has invited bids for the comprehensive annual rate contract for the operation and maintenance (O&M) of a 5 MW solar power project at IOC’s Rawra facility in Jodhpur, Rajasthan, for a period of three years.

A rate contract involves the supply of goods as well as the provision of labor and services.

The contractor will be responsible for all types of preventive, scheduled, and breakdown maintenance with the objective of maximizing electricity generation.

They must ensure a minimum performance ratio of 76%, subject to 99.6% grid availability.

The last date to submit the bids is April 7, 2023. Bids will be opened the next day.

Bidders must submit an earnest money deposit of ₹167,100 (~$2,022). The successful bidder must submit a performance security of 3% of the nominal contract value within 15 days of receiving the acceptance letter.

Bidders must have a minimum annual turnover of ₹3.34 million (~$40,420) during any one of the preceding three financial years.

They should have previously completed the O&M of grid-connected solar power project or projects with 1 MW or above capacity in India, with a contract duration of a minimum of two years, as a main contractor or as a sub-contractor, during the last seven years.

In cases where the bidder has completed one such similar work, the cost should not be less than ₹2.79 million (~$33,765). In the case of two similar works, each of them should not cost less than ₹2.23 million (~$26,988), and not cost less than ₹1.67 million (~$20,211) for three similar works.

In February, IOC invited bids for comprehensive O&M of a 4.5 MW grid interactive ground-mounted solar power project at Narimanam, Tamil Nadu.

Recently, IOC said it would consolidate its current green assets under one umbrella to bolster the expansion across all verticals, including biofuels, renewables, green hydrogen, carbon offsets, and carbon capture, utilization, and storage. The IOC board approved the formation of a wholly-owned subsidiary, subject to NITI Aayog and the finance ministry’s approval, to help the company expand its operations into low-carbon, new, clean, and green energy businesses.

Subscribe to Mercom’s India Solar Tender Tracker to stay on top of tender activity in real time.