NTPC Renewable Energy, a wholly owned subsidiary of NTPC, has invited bids for the engineering, procurement, and construction of 500 MW (2x 250 MW) grid-connected solar power projects in Bikaner, Rajasthan.

The last date for the submission of bids is February 28, 2024. Bids will be opened the same day.

The bid security for a single block is ₹100 million (~$1.2 million) and ₹200 million (~$2.4 million) for two blocks.

The scope of work includes design, engineering, manufacturing, supply, packing and forwarding, transportation, unloading storage, installation, testing, and commissioning of the projects, including the supply of solar modules.

The selected developer will also be responsible for a three-year operation and maintenance of the project.

Bidders should be developers or have experience designing, supplying, erecting, and commissioning solar projects with a cumulative installed capacity of 40 MW or higher.

At least one project must have had a capacity of 10 MW or more, and this project should have been in operation for at least six months before the bid opening date.

Alternatively, bidders should have executed an industrial project in the last ten years as a developer or as an EPC contractor in the power, steel, oil, gas, petrochemical, fertilizer, cement, coal mining, or any other process industry.

The project should have been in operation for at least one year for industrial projects (other than the renewable energy sector) or at least six months (for projects in the solar/wind sector) before the bid opening date.

Additionally, the project itself should have the required financial value as mentioned below:

• The minimum financial value for a single block should be ₹2.4 billion (~$28.9 million).
• The minimum financial value for two blocks is ₹4 billion (~$48.1 million).

Bidders should have executed at least one electrical substation with a 33 kV or higher voltage level, including equipment like 33 kV or above voltage level circuit breakers and power transformers, either as developers or EPC contractors.

The substation should have been in successful operation for at least one year (for projects other than the renewable energy sector) or six months (for electrical substations in the solar/wind sector) before the bid opening date.

The average annual turnover of the bidders for any three financial years out of the preceding five financial years, as of the date of the bid opening, should not be less than the specified financial figure below:

• The minimum annual turnover for a single block should be ₹2.4 billion (~$28.9  million).
• The minimum annual turnover for two blocks should be ₹4 billion (~$48.1 million).

Bidders’ net worth as of the last day of the preceding financial year should be at least 100% of the bidder’s paid-up share capital.

Earlier, NTPC Renewable Energy invited bids for the EPC package to develop 630 MW (2x 315 MW) grid-connected solar power projects in Barethi, Madhya Pradesh.

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