PPC Renewables S.A., a Greece-based renewable energy company, has floated a tender for 50 MW of solar photovoltaic (PV) projects.
The last date for the submission of bids is September 30, 2020.
According to the tender document, the estimated value of the project is €30.72 million (~$36.36 million). Interested bidders are expected to pay an earnest money deposit of €614,500 (~$727,721).
The tender is for two solar PV projects, one of 39 MW and the other of 11 MW.
The scope of work includes planning, design, supply, civil engineering works, transportation, and operation of both the solar projects and one 33kV/150kV outdoor substation.
To be eligible to take part in the competitive bidding process, applicants should have carried out at least one 30 MW of solar project in the last ten financial years for the 39 MW of solar project. Applicants must have carried out at least one 4 MW of solar project in the last ten financial years for the 11 MW project. Applicants should have constructed at least two MT/HV substations with a rated high voltage (HV) of at least 150kV and M/S power more than 40/50 Mega Volt Ampere in the last five calendar years to be eligible to bid for the outdoor substation project.
The tender document stated that applicants must have an average turnover of not less than 30% of the total value of the project in the last three years.
Arkadikos Ilios I S.A. and Arkadikos Ilios II S.A., wholly-owned subsidiaries of PPC Renewables S.A., will be the contracting entities for all projects. Both projects with a cumulative capacity of 50 MW will be situated at Megales Lakkes in the municipality of Megalopolis, Greece.
According to the Hellenic Association of Photovoltaic Companies (HELAPCO), Greece had a 160 MW of new solar installed capacity in 2019, and cumulative installations stood at 2.8 GW at the end of 2019. HELAPCO is a Greece-based non-profit organization, which represents the PV companies in Greece.
Mercom earlier reported that the Government of India had entered into a Memorandum of Understanding (MoU) to cooperate in the field of renewable energy with Greece. The MoU was signed by the External Affairs Minister, Sushma Swaraj and her counterpart Nikos Kotzias during the latter’s visit to New Delhi in November 2017.
Harsh is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.