NTPC Limited has issued a notice inviting tender for comprehensive operation and maintenance of five 50 MW blocks of its 250 MW Mandsaur solar project for three years.
The last day to submit the bids is May 27, 2022. The bids will be opened on May 30.
Bidders must pay ₹13,275 (~$171) towards the cost of bidding documents. The successful bidder must pay an earnest money deposit of ₹5 million (~$64,625).
Bidders must have executed a contract to install and commission a grid-connected solar power block of a minimum of 50 MW during the preceding seven years as on the techno-commercial bid opening date. Alternatively, they can bid if they have executed a contract to operate and maintain a grid-connected solar power block of a minimum of 50 MW during the preceding seven years.
Bidders must have an average annual turnover of a minimum of ₹125.20 million (~$1.61 million) during the preceding three years. As of the last day of the preceding financial year, their net worth should not be less than 100% of their paid-up share capital.
For bidders meeting the net worth requirement based on the strength of their subsidiaries, holding companies, or subsidiaries of its holding companies, the net worth should not be less than 100% of their combined paid-up share capital. However, their net worth should not be less than 75% of their respective paid-up share capital.
If the bidder does not satisfy the financial criteria, its holding company would be required to meet the stipulated turnover requirements. The net worth of such holding company as of the last day of the preceding financial year must be at least equal to or more than the paid-up share capital of the holding company. The bidder must furnish a letter of undertaking from the holding company, pledging financial support for the execution of the contract.
NTPC Limited issued a notice inviting tender for comprehensive operation and maintenance of its 50 MW NTPC Rajgarh solar project in Madhya Pradesh for three years.
According to Mercom’s India Solar Tender Tracker, NTPC has floated O&M tenders for 660 MW solar power projects.
Arjun Joshi is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. More articles from Arjun Joshi.