Mongolia’s Ministry of Energy has invited bids for a 10 MW solar power project in the country’s Altai region. This is an engineering, procurement, and construction (EPC) tender.
Mongolia’s government has received financing from the Asian Development Bank (ADB) for developing the ‘Mongolia Upscaling Renewable Energy Sector Project,’ which would be utilized for this project. The offering is open for bidders from eligible source countries of ADB.
The last date to submit the bids is December 11, 2020, and the bids will be opened on the same date.
To participate in the bidding process, the bidder should have developed two similar solar power projects with 10 MW (AC) capacity each in the last five years. The project should have been installed in similar climatic conditions and been in operation for at least two years. The bidder should also have experience related to the detailed engineering design for two solar projects of 10 MW (AC) each in the last five years. Apart from this, the bidder should have experience in the operation and maintenance (O&M) of two solar projects of 10 MW (AC) each in the previous five years.
Regarding the financial criteria, the bidder’s average annual turnover should not be less than $19.5 million (~₹1.45 billion). The bidder should also demonstrate that it has the necessary financial resources to meet the $2.4 million (~₹178.5 million) contract value.
In April this year, ADB approved a $100 million (₹7.43 billion) loan to expand the supply of renewable energy in Mongolia through a 125 MW advanced battery energy storage system. The project’s total cost was $114.95 million (~₹8.5 billion), of which $3 million (~₹223.19 million) is co-financed by a grant from ADB’s High-Level Technology Fund, financed by the Government of Japan.
Earlier, ADB and Asia’s Private Infrastructure Fund (LEAP) had signed an agreement to provide an $18.7 million (~₹1.39 billion) loan to develop 15 MW of solar power project in Mongolia. The solar power project is located in the Khushig valley located in Tuv Aimag (province).
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.