NHDC, a joint venture of NHPC and the Madhya Pradesh government, has invited bids for the engineering, procurement, and construction (EPC) of an 88 MW (Unit-D) floating solar project at the Omkareshwar reservoir in the Khandwa district of Madhya Pradesh.

The successful bidder will also have to look after the operation and maintenance of the project for five years.

The solar park is developed by Rewa Ultra Mega Solar (RUMSL). Recently, NHDC was one of the winners in RUMSL’s auction for the 600 MW floating solar park at the Omkareshwar reservoir. NHDC won 100 MW at ₹3.22 (~$0.042)/kWh.

The last date to submit the bids is  June 29, 2022. Bids will be opened the following day.

Bidders will have to submit ₹56 million (~$721,280) as an earnest money deposit.

The project must be commissioned within 13 months.

Bidders should have experience in executing a solar power project on an EPC basis, as a contractor or developer, during the last seven years as on the last date of the month before the bid submission date.

As EPC contractors or developers, they should have designed, supplied, erected, and commissioned grid-connected solar power projects of a cumulative capacity of 40 MW or higher, out of which one project should have been of 40 MW or higher capacity.

The reference grid-connected solar power project of 10 MW or higher capacity should be at a single location developed by the bidder for itself or any other client.

The minimum average annual turnover of the bidders in the preceding three years ending March 31, 2022, should be ₹7.81 billion (~$100.59 million). In any three financial years out of the last five years, their net worth should be positive.

The working capital (current assets minus current liabilities) should be at least twice the monthly cash flow requirement, i.e., ₹870 million (~$11.21 million).

Earlier, NHDC had invited fresh bids for a 25 MW floating solar power project. The tender was floated for the design, engineering, procurement, and construction of the 25 MW floating solar power project at the Omkareshwar reservoir.

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