NHDC Limited, a joint venture between NHPC Limited and Madhya Pradesh government, has invited fresh bids for a 25 MW floating solar power project.
The tender has been floated for the design, engineering, procurement, and construction (EPC) of the 25 MW floating solar power project at Omkareshwar reservoir in Khandwa district of Madhya Pradesh. The contract will also include operation and maintenance (O&M) of the project for five years. The project should be completed within a year.
This is a retender of the capacity that was floated in July last year. The last date for the submission of bids is August 25, 2020, and the opening of bids will take place on August 26, 2020.
Interested bidders will have to submit an amount of ₹18.5 million (~$147,134) as the earnest money deposit (EMD).
Speaking to Mercom, an official from NHDC said, “During the pre-bid meeting for the tender earlier, the bidders said that they were facing right of way (RoW) issues for the transmission lines. So, we canceled the previous tender and issued a new one. The new tender is only about the implementation of the project and O&M services. For the implementation of transmission lines, we will float another tender.”
To take part in the bidding process, the bidder should have completed a solar power project during the last seven years on an EPC basis. The bidder should have completed a solar project of 20 MW capacity, or two of at least 12.5 MW each, or three projects of 10 MW each. The bidder should also have experience of operation and maintenance of at least 10 MW for at least one year during the last seven years.
Regarding the financial criteria, the minimum average annual turnover of the bidder should be ₹2.3 billion (~$30.72 million) in the last three financial years. The net worth of the bidder should be positive and not less than the amount of paid-up equity share capital in three of the last five years. The working capital should be at least two times the monthly cash flow requirement of₹197.3 million (~$2.64 million).
Recently, NHPC signed a memorandum of understanding with Green Energy Development Corporation of Odisha Limited. As part of the MoU, both the parties will collaborate to form a joint venture company for the development of techno-commercially feasible floating solar power projects of nearly 500 MW in the state of Odisha.
Earlier, NHPC had announced that its board of directors had approved a proposal to diversify the company’s business to include solar power projects. The hydropower generator said that the company would act as an intermediary procurer through solar power developers.
Image credit: Sungrow
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.