NTPC Floats BOS Tender for 1.2 GW Solar Projects in Gujarat

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NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for the balance of system (BoS) package to develop 1,200 MW (4 X 300 MW) of solar power projects at the Khavda renewable park in the Kutch region of Gujarat.

The scope of work includes the design, engineering, manufacturing, installation, and commissioning of solar power projects.

The last date to submit the bids is January 9, 2023. Bids will be opened on the same day.

According to the terms of the tender, bidders must deposit ₹50 million (~$612,045) as bid security for one block of 300 MW capacity, ₹100 million (~$1.22 million) for two blocks amounting to 600 MW, and ₹200 million (~$2.45 million) for three or more blocks totaling 900 MW and 1,200 MW, respectively.

Bidders are required to have designed, supplied, erected, and commissioned BoS for grid-connected solar power projects of 40 MW or higher cumulative installed capacity. Out of this, at least one plant should be of at least 10 MW capacity. The reference plant should already be operational for at least six months before the bid opening date.

Further, bidders should have executed projects worth ₹750 million (~$9.18 million) if they are applying for 300 MW capacity. The project worth is set at ₹2.25 billion (~$27.55 million) for 600 MW capacity and ₹5.2 billion (~$63.65 million) for 900 MW capacity.

These projects could be in wide-ranging sectors, including power, steel, oil and gas, petrochemical, fertilizer, cement, coal mining, or any other process industry.

The bidder must also have experience in executing a project of ₹9.65 billion (~$118.12 million) for quoted capacity of 1,200 MW. The project must already be operational for one year before the bid opening date.

Bidders should have executed at least one electrical substation of 33 kV or above voltage level, consisting of equipment such as 33 kV or above voltage level circuit breakers and power transformers. The project should be in operation for at least one year before the bid opening date.

The net worth of bidders during any three of the last five financial years must be at least ₹750 million (~$9.18 million) for quoted capacity of 300 MW, ₹2.25 billion (~$27.55 million) for 600 MW, ₹5.2 billion (~$63.65 million) 900 MW, and ₹9.65 billion (~$118.12 million) for 1,200 MW capacity.

The net worth of bidders as of the last day of the preceding financial year should not be less than 100% of their paid-up share capital.

In June this year, NTPC Renewable Energy invited bids for the BoS package for 500 MW of state transmission utility-connected solar projects at Bhadla in Rajasthan.

Earlier, NTPC Renewable Energy had invited bids for the BoS package for 1,255 MW of solar projects at the Khavda renewable park.

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