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					</table><p>Karnataka Renewable Energy Development (<a href="https://kredl.karnataka.gov.in/english" target="_blank" rel="noopener">KREDL</a>) has invited bids to install and commission a 1 MW floating solar power project with the associated transmission system at Apannakere lake in the Kalaburgi district of Karnataka.</p>
<p>The successful bidder will also have to take care of the project&#8217;s operation and maintenance (O&amp;M) for ten years.</p>
<p>The last date to submit the bids is October 19, 2022. Bids will be opened on October 21.</p>
<p>The estimated cost of the project is ₹76.68 million (~$968,214).</p>
<p>Bidders must submit ₹1.15 million (~$14,415) as an earnest money deposit. The successful bidder must furnish an amount equivalent to 10% of 70% of the contract price as a performance bank guarantee within seven days of the issuance of the letter of award.</p>
<p>The successful bidder will also have to submit 10% of the 30% of the contract price as an O&amp;M bank guarantee for ten years upon the completion and acceptance of the performance ratio test.</p>
<p>To be eligible, bidders should have designed, supplied, erected, and commissioned floating solar projects of a cumulative installed capacity of 1 MW, out of which at least one project must be of 800 kW or above higher capacity. The reference project must have been operating for at least 12 months before the bid submission date.</p>
<p>The average annual turnover of bidders should not be less than ₹153.36 million (~$1.92 million) during any three of the last five financial years.</p>
<p>The net worth of bidders as of the last day of the preceding financial year should not be less than ₹23.01 million (~$288,440).</p>
<p>The total solar array capacity should not be less than the allocated (kW) capacity and should comprise solar crystalline modules of a minimum of 540W and above wattage.</p>
<p>Only indigenously manufactured solar modules should be used for the solar systems, and the modules&#8217; efficiency should not be less than 19%.</p>
<p>The solar modules to be used for the project must be warranted for peak output power under standard testing conditions, which should not be less than 90% at the end of ten years and not less than 80% at the end of 25 years.</p>
<p>In July this year, KPC Gas Power Corporation <a href="https://mercomindia.com/tender-1-15-mw-floating-solar-karnataka/" target="_blank" rel="noopener">issued</a> a notice inviting tender from contractors to set up a 1.15 MW floating solar project at Yelahanka Combined Cycle Power Plant&#8217;s raw water pond in Bengaluru.</p>
<p>Earlier, Karnataka&#8217;s Tumakuru Smart City had <a href="https://mercomindia.com/tumakuru-smart-city-tender-floating-solar/" target="_blank" rel="noopener">issued</a> a tender to set up and maintain a 20 MW floating solar power project at the Bugudanahalli Reservoir.</p>
<p>Subscribe to Mercom&#8217;s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> for timely updates on all solar tenders issued by various agencies in India.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/rakesh-ranjan-parashar/" class="vcard author" rel="author"><span class="fn">Rakesh Ranjan</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Rakesh-Headshot-crop-2.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Rakesh Ranjan,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" target="_blank" rel="noopener">More articles from Rakesh Ranjan.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Rakesh-Headshot-crop-2.jpg" width="77" height="102" /><a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" target="_blank" rel="noopener"><strong style="color: #00b451">Rakesh Ranjan</strong></a> is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). <a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" rel="noopener noreferrer">More articles from Rakesh Ranjan.</a></p>
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Bids Invited for a 1 MW Floating Solar Project in Karnataka

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