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SJVN Green Energy (SGEL), a wholly owned subsidiary of SJVN, has invited bids from contractors to set up a 15 MW floating solar project at Nangal Pond in the Bilaspur district of Himachal Pradesh.
The project should be commissioned within 540 days from the work order. The successful bidder must provide comprehensive operation and maintenance (O&M) for three years.
The last day to submit the bids is September 15, 2022. Bids will be opened on the same day
Bidders must submit an earnest money deposit of ₹11 million (~$137,460). The cost of the bidding documents is ₹10,000 (~$125).
The contractor’s scope of work involves end-to-end delivery of the commissioned project to SGEL. This includes design, engineering, procurement of equipment and material, testing, installation, erection, commissioning, performance demonstration, and operational acceptance of the floating solar project on a turnkey basis.
Bidders must have completed one solar project of 12 MW, two projects of 7.5 MW each, or three projects of 6 MW each in the last seven years. During the last seven years, they should have completed at least one year of O&M for a 4 MW solar project.
Bidders should also have an award for a floating solar project on an engineering, procurement, and construction basis of at least 1 MW during the last seven years.
The average annual turnover of the bidders in the last three financial years must be ₹300 million (~$3.75 million). Their net worth must be positive during the last financial year. Out of the last three financial years, the net worth should be positive for a minimum of two years.
Bidders must have a working capital capacity to have a cash flow of at least ₹2.5 million (~$31,238)/MW, as per the immediately preceding audited balance sheet.
They must submit a certificate from the bank, ensuring they have sufficient funds to provide a bank guarantee amounting to ₹1.5 million (~$18,743)/MW of total capacity.
In July, SGEL issued a notice inviting tender for the design, engineering, supply, construction, erection, testing, and commissioning of a 90 MW floating solar project at Omkareshwar in Madhya Pradesh.
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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.