NTPC Again Extends Bid Submission Deadline of 1200 MW Solar Tender

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The National Thermal Power Corporation Limited (NTPC) has issued a notice regarding the extension of bid submission for the selection of solar power developers to install 1200 MW Interstate Transmission System (ISTS)-connected solar PV power projects in India.

The last date for the submission of bids is extended from 28th May 2020 to 15 th July 2020.The pre-bid meeting is rescheduled to 25th June 2020. The date for the opening of technical bids has been extended to 16th July 2020. 

NTPC has earlier extended the bid submission deadline for the 1st time from 19th March 2020 to 28th May 2020 and the date scheduled for the pre-bid conference was 12 May 2020. 

On 18 February 2020, NTPC had issued a request for selection (RfS) of 1200 MW ISTS-connected solar projects. To participate in this tender bidders shall submit earnest money deposit (EMD) of Rs.400,000.

The minimum capacity that a bidder can bid for this project is 50 MW and in multiples of 10 MW upto a maximum quotable capacity of 600 MW. Bidders are only allowed to quote a single tariff. The ceiling tariff for the tender has been set at Rs.2.78.

To be eligible to take part in the international competitive bidding process bidders must have a net worth of Rs.8 million as of the last financial year and should have a minimum annual turnover of Rs. 4.14 million.

Recently, National Thermal Power Corporation Limited (NTPC),Indian Public Sector Undertaking has recently announced about the Update on deferment of capacity charges and rebate to DISCOMs.NTPC states that it will be giving a rebate  of Rs 1363 crore to distribution companies (Discoms) on fixed or capacity charges that they owe during the lockdown period this fiscal year. NTPC stated that its board of directors meeting which was held on 9th June 2020 approved deferment of capacity charges of Rs 2,064 crore to Discoms, to be payable without interest after the end of the lockdown period in three equal monthly instalments.The board has also approved a rebate of Rs 1,363 crore on the capacity charges billed during the lockdown period to discoms on account of COVID-19, in the financial year 2020-21, according to announcement by NTPC.

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