NTPC has invited bids to prepare a detailed project report (DPR) for an 800 MW pumped hydro storage project, Amba PSP, in Maharashtra.

The last date to submit the bids is November 16, 2024. Bids will be opened the same day.

The scope of work covers preparing a bankable DPR of international standards for maximum annual power generation with a competitive tariff considering economical water usage and overall cost.

Bidders must pay a bid security of ₹5 million (~$59,747).

Any bidder from a country that shares a land border with India will be eligible to bid in this tender.

Bidders should have experience completing the DPR of at least one hydroelectric/ pumped hydro storage project of at least 100 MW in the last fifteen years.

The average annual turnover of the bidders in the preceding three financial years as of the bid opening date must be at least ₹189.7 million (~$2.25 million).

As of the last day of the preceding financial year, their net worth should be at least 100% of their paid-up share capital.

If bidders do not satisfy the net worth criteria, they can meet the requirement based on the strength of their subsidiaries or holding companies.

For funding, NTPC may approach international funding agencies like the World Bank, JICA, ADB, and JBIC. The DPR should include all studies, analyses, and reports that such agencies usually require.

Last year, NTPC Green Energy, a subsidiary of NTPC, invited bids for developing pumped hydro energy storage projects of up to 2,000 MW capacity across India.

The Central Electricity Authority recently approved two pumped hydro storage projects in Maharashtra with a total capacity of 2,500 MW. The two projects are the 1,500 MW Bhavali project to be developed by JSW Energy and the 1,000 MW Bhivpuri project by Tata Power.