The National Thermal Power Corporation (NTPC) has tendered a total of 36 MW of grid-connected solar photovoltaic (PV) projects to be developed in the states of Telangana and Gujarat.
NTPC is looking for an engineering procurement construction (EPC) contractor to develop a 21 MW grid-connected solar PV project in Gandhar, Gujarat. The bid-submission deadline is July 26, 2018.
NTPC is also on the lookout for an EPC contractor to develop a 15 MW of grid-connected solar PV project in Ramagundam, Telangana. The bid-submission deadline for this tender is July 30, 2018.
Both the projects will be developed on turnkey basis and the scope of work includes the design, EPC, testing and commissioning of the solar PV project.
The successful bidders will also provide operation and maintenance (O&M) services for a three-year period for each project. Modules can be sourced from anywhere for these projects.
NTPC will fund the projects from its own resources.
In May 2018, NTPC had tendered a total of 102 MW of grid-connected solar PV projects to be developed across the country.
According to Mercom’s India Solar Project Tracker, NTPC has approximately 870 MW of projects in operation and another 750 MW of projects are in the pre-construction stage. These projects in the pre-construction stage will be developed at Ananthapuramu Ultra Mega Solar Park in Nambulapulakunta mandal located in the Ananthapur district of Andhra Pradesh. NTPC had tendered the 750 MW capacity in March 2018.
The company recently declared its financial results for fourth quarter of the year 2017-18, saying that its total income for Q4 FY 2017-18 has gone up by 13.08 percent. The Profit after Tax for NTPC has jumped to ₹29.2559 billion (~$0.43 billion) in Q4 FY 2017-18 as compared to ₹20.7940 billion (~$0.31 billion) in the corresponding quarter a year ago, marking a significant growth of approximately 41 percent.