Solar Energy Corporation of India Limited (SECI) has issued global engineering, procurement, and construction (EPC) tender to install a 100 MW (AC) floating solar project at Getalsud Dam in Ranchi, Jharkhand.
The last date to submit bids is March 31, 2022. The pre-bid meeting will take place on February 25.
Bidders must submit a bid security of ₹70 million (~$929,471) or $1 million. The successful bidder should furnish 10% of the contract value as performance security.
The scope of work includes the design, engineering, supply, construction, erection, testing, and commissioning of the 100 MW(AC) floating solar project. After commissioning the project, the successful bidder must provide comprehensive operation and maintenance services for ten years.
As an EPC contractor or developer, the bidder must have installed ground-mounted solar projects with a minimum total capacity of 50 MW in the last five years to participate in the competitive bidding process. Of this, two projects should have a minimum capacity of 10 MW each, and projects must be in operation for at least six months before the last date of bid submission.
Bidders’ minimum average annual turnover should be ₹2.63 billion (~$34.93 million) or $35 million in the last three financial years. They should also have liquid assets and a line of credit of ₹1.1 billion (~$14.60 million).
If the successful bidder fails to commission the project within a stipulated time, liquidate damage will be levied at 0.5% per week, subject to a maximum of 5% of the EPC contract value.
SECI set a capacity utilization factor (CUF) of 21.6% for the project. The successful bidder will be liable to pay compensation at ₹4 (~$0.053)/kWh for the difference in units derived from guaranteed CUF and achieved CUF in case of failure to achieve guaranteed annual CUF.
In December 2021, SECI issued an EPC tender for a 5 MW grid-connected solar project at V.O. Chidambaranar Port Trust in Tuticorin, Tamil Nadu.
Mercom had earlier reported that SECI released a tender to develop 1,200 MW of interstate transmission system (ISTS)–connected solar power projects (Tranche X) in Karnataka.
According to Mercom’s India Solar Tender Tracker, SECI has issued tenders for 604 MW of floating solar capacity to date.