NTPC Renewable Energy, a wholly owned subsidiary of NTPC, has invited bids for the engineering, procurement, and construction (EPC) package to develop 630 MW (2x 315 MW) grid-connected solar power projects in Barethi, Madhya Pradesh.

The last date for the submission of bids is December 29, 2023. Bids will be opened the same day.

Every bid submission should be supported by a bid security. The bid security for a single block (325 MW) is ₹200 million (~$2.4 million) and ₹500 million (~$6 million) for two blocks (2X325MW).

The scope of work includes design, engineering, manufacturing, supply, packing and forwarding, transportation, unloading storage, installation, testing, and commissioning of grid-connected ground-mounted solar Photovoltaic projects, including open-category photovoltaic modules.

The select developer will also be responsible for a three-year comprehensive operation and maintenance of the project.

Bidders should be developers or have experience designing, supplying, erecting, and commissioning solar projects with a cumulative installed capacity of 40 MW or higher.

At least one project must have had a capacity of 10 MW or more, and this project should have been in operation for at least six months before the bid opening date.

Alternatively, bidders should have executed an industrial project in the last ten years as either a developer or an EPC contractor in the power, steel, oil, gas, petrochemical, fertilizer, cement, coal mining, or any other process industry.

The project should have been in operation for at least one year for industrial projects (other than the renewable energy sector) or at least six months (for projects in the solar/wind sector) before the bid opening date.

Bidders should have executed at least one electrical substation with a 33 kV or higher voltage level, including equipment like 33 kV or above voltage level circuit breakers and power transformers, either as developers or EPC contractors.

The substation should have been in successful operation for at least one year (for projects other than the renewable energy sector) or six months (for electrical substations in the solar/wind sector) before the bid opening date.

Additionally, the project itself should have the required financial value as mentioned below:

• The minimum annual turnover for a single block should be ₹2.52 billion (~$30.3 million).
• The minimum financial figure for two blocks is ₹5.04 billion (~$60.5 million).

The average annual turnover of the bidders for any three financial years out of the preceding five financial years, as of the date of the bid opening, should not be less than the specified financial figure below:

• The minimum annual turnover for a single block should be ₹2.52 billion (~$30.3 million).
• The minimum annual turnover for two blocks should be ₹5.04 billion (~$60.5 million).

Bidders’ net worth as of the last day of the preceding financial year should be at least 100% of the bidder’s paid-up share capital.

Recently, NTPC Renewable Energy invited bids for the EPC package to develop 650 MW of grid-connected solar projects at Bikaner, Rajasthan.

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