THDC India (formerly Tehri Hydro Development Corporation) has invited bids to empanel contractors for engineering, procurement, and construction (EPC) and subsequent operations and maintenance (O&M) of solar power projects across India.
The last date to submit the bids is February 3, 2022. Bids will be opened on February 4.
THDC has signed a memorandum of understanding with Solar Energy Corporation of India to set up grid-connected solar power projects up to 250 MW capacity. A 50 MW solar project has already been commissioned in the Kasaragod district of Kerala.
THDC intends to empanel contractors for EPC and O&M of solar power projects to enable the organization to set up solar projects on land banks available with EPC contractors or with THDC procured through leased agreements.
The enlisted contractors will also be eligible to participate in the bidding process conducted by THDC for price discovery before participation in the competitive bidding process of solar projects invited by third parties offering power purchase agreements (PPAs).
Bidders are not required to submit any earnest money deposit to participate in the tender.
The enlistment will be done in two categories:
- Category A: Above 25 MW and up to 50 MW
- Category B: Above 50 MW
All bidders meeting the eligibility criteria will be empanelled for that particular category and, after that, would be eligible to participate in the tenders to be floated by THDC in future tenders.
For Category A, bidders should have designed, supplied, erected, and commissioned grid-connected solar power projects of a cumulative capacity of 25 MW or above, out of which 15 MW or above should have been ground-mounted. The reference project of 15 MW or above capacity must have been in operation for at least six months, as on the last date of the month before the one in which the notice inviting tender has been published.
For category B, bidders should have designed, supplied, erected, and commissioned grid-connected solar power projects of a cumulative capacity of 50 MW or above, out of which at least one project of 15 MW capacity should have been ground-mounted. The reference project of 25 MW capacity must have been in operation for at least six months as on the last date of the month before the one in which the notice inviting tender has been published.
For Category A, bidders should have an average annual turnover of ₹1.5 billion (~$20.11 million) during the last three financial years. Bidders under Category B should have an average annual turnover of ₹2.5 billion (~$33.52 billion) during the last three financial years.
The net worth of bidders for both categories should not be less than 100% of their paid-up share capital.
For Category A, the project must be completed within eight months from the award or the handover of the site, whichever is later.
For Category B, the project must be completed within ten months from the award or handing over of the site, whichever is later.
In June 2020, the Uttar Pradesh New and Renewable Energy Development Agency signed a memorandum of understanding with THDC to set up an ultra-mega renewable energy park.
Earlier, THDC had floated an EPC tender for 100 MW of solar projects in Uttar Pradesh.
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Rakesh 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). More articles from Rakesh Ranjan.