NTPC Green Energy, on behalf of Indian Oil NTPC Green Energy (INGEL), has invited bids for the engineering, procurement, and construction (EPC) package with land to develop up to 200 MW of inter-state transmission system (ISTS) connected solar projects anywhere in India.

INGEL is a 50:50 joint venture company between Indian Oil Corporation and NTPC Green Energy formed to supply 650 MW of renewable power to meet the round-the-clock power requirement of Indian Oil’s new and upcoming projects.

The scope of work includes the operation and maintenance of complete solar projects, including the switchyard and power evacuation system until the interconnecting grid substation, along with consumables and spare parts for three years from the commissioning date.

The EPC contractor must also identify, acquire, and transfer ownership or lease the land in favor of INGEL.

The last day to submit the bids is February 22, 2024. Bids will be opened on the same day.

Bidders must submit ₹50 million (~$601,448) as bid security for 100 MW and ₹100 million (~$1.2 million) for 200 MW.

Bidders must have developed, designed, erected, commissioned, or supervised these activities for a grid-connected solar power project with a cumulative capacity of 40 MW or higher. At least one project must have been of 10 MW or higher capacity. The reference project must have been in operation for at least six months before the bid opening date.

Alternatively, bidders should have executed an industrial project in power, steel, oil and gas, petrochemical, fertilizer, cement, coal mining, coal handling plant and/or any other process industry costing ₹2.4 billion (~$28.8 million).

Bidders must also have executed at least one electrical substation of 33 kV or above voltage as a developer or an EPC contractor, which has been operating for at least the last year.

They must have an average annual turnover of ₹2.4 billion (~$28.8 million) for three of the last five financial years.

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

In October, NTPC Green Energy invited bids for an EPC package with land development for up to 300 MW of ISTS-connected solar projects anywhere in India.

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