The New Okhla Industrial Development Authority (NOIDA) has issued a request for proposal for 10 MW (AC) of rooftop solar projects on its buildings under the RESCO model.
The scope of work includes the design, engineering, procurement, supply, testing, and commissioning of the projects. It also includes comprehensive operation and maintenance services for 25 years.
The estimated value of the tender is ₹400 million (~$5.36 million). Interested bidders are expected to pay an earnest money deposit of ₹5 million (~$66,967). The last date for the submission of bids is August 13, 2020. It also specified that the selected bidder would have to submit a performance bank guarantee for ₹40 million (~$535,741).
To be eligible to take part in the competitive bidding process, applicants must have carried out similar projects of not less than 5 MW in the last seven financial years. The projects must have been executed under the RESCO model under which the developer owns the solar project, and the consumer only has to pay for the energy generated.
The net worth of applicants must be over ₹80 million (~$1.07 million) as on the last date of the previous financial year. Their net worth must also have been positive in the last financial year. The tender documents noted that successful bidders would have to successfully execute their entire allotted capacity within one year from the date of issue of the letter of allocation.
The documents added that if selected bidders are unable to submit project sanction documents within nine months from the issue of LoA, their PBG for the unsanctioned capacity will be forfeited.
Uttar Pradesh’s Noida has been working towards becoming more sustainable.
Previously, Noida issued a tender for 5 MW of rooftop solar projects ranging between 500 kW and 5 MW on buildings across the city.
More recently, the Energy Efficiency Services Limited also signed an agreement with the Noida to set up 162 public charging stations and related infrastructure. The partnership will aim at establishing an infrastructural ecosystem that will facilitate the wider adoption of e-mobility.
Nithin is a staff reporter at Mercom India. Previously with Reuters News, he has covered oil, metals and agricultural commodity markets across global markets. He has also covered refinery and pipeline explosions, oil and gas leaks, Atlantic region hurricane developments, and other natural disasters. Nithin holds a Masters Degree in Applied Economics from Christ University, Bangalore and a Bachelor’s Degree in Commerce from Loyola College, Chennai. More articles from Nithin.