NTPC Renewable Energy (NTPC Renewables), a wholly-owned subsidiary of NTPC, has invited bids for the balance of system (BoS) package (excluding land and transmission system) for 500 MW of state transmission utility (STU)-connected solar project at Bhadla in Rajasthan.
The bidder will also be responsible for the project’s operation and maintenance (O&M) for three years from the date of commissioning.
The last date to submit the bids is July 14, 2022. Bids will be opened the same day.
Bidders must furnish ₹100 million (~$1.28 million) as bid security.
The bidder should have as an engineering, procurement, and construction (EPC) contractor or a developer designed, supplied, and commissioned BoS for grid-connected solar projects of 40 MW or more. At least one plant should have been of 10 MW or higher capacity and been in operation for six months before the bid opening date.
Alternatively, the bidder should have executed in the last ten years an industrial project either as a developer or as an EPC contractor in the area of power, steel, oil & gas, petrochemical, fertilizer, cement, coal mining, or any other process industry, of a value of ₹2.7 billion (~$34.53 million) in a single project. The project should have been operating for at least one year before the bid opening date.
Also, the bidder 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 transformer, either as a developer or as an EPC Contractor, which should have been in operation for a year before the bid opening date.
The average annual turnover of the bidder should not be less than ₹2.7 billion (~$34.53 million) for any three financial years out of the preceding five financial years as of the bid opening date.
If a bidder does not satisfy the annual turnover criteria on its own, its holding company would be required to meet the stipulated turnover requirements.
The net worth of the bidder as of the last day of the preceding financial year should not be less than 100% of its paid-up share capital.
The land for park development, including lease and applicable permits and clearances, will be provided to the bidder by NTPC Renewable Energy.
Recently, NTPC Renewables invited bids for the balance of system package for 1,255 MW (3*315 MW+1*310 MW) of solar projects at the Khavda Renewable Park in the Kutch district of Gujarat.
Earlier, NTPC Renewables has invited bids for a balance of system package for 325 MW of projects located at Shajapur Solar Park, Madhya Pradesh.
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Rakesh Ranjan 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.