NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC, has requested bids for a balance of system (BOS) package including land for 300 megawatts (MW) of the Interstate transmission system (ISTS)-connected solar projects to be located anywhere in India.
The deadline for proposal submissions is March 4, 2022, and the bids will be disclosed on the same day. The pre-bid meeting is scheduled for February 18.
Applicants bidding for capacity between 50 MW and 110 MW must provide a bid security deposit of Rs 20 million. The bid security fee is Rs 50 million for 120 MW to 320 MW and Rs 100 million for 240 MW to 300 MW.
The scope of work involves identifying, acquiring, and transferring ownership or lease of land to NTPC REL. Furthermore, the selected bidder will be responsible for all engineering, procurement, and construction (EPC) work to establish solar projects with power evacuation systems, with the exception of solar module supply.
Following the completion of these projects, the winning bidder shall offer three years of full operation and maintenance support, including switchyard and power evacuation systems.
Bidders must have constructed and commissioned BOS for a total of 40 MW of grid-connected solar projects or must be a developer of grid-connected solar projects with a total capacity of 40 MW or above, in order to participate in the competitive bidding process.
One project must have a capacity of 10 MW or greater and be in successful operation for at least 6 months prior to the opening of the techno-commercial bids.
Bidders must have completed an industrial project as a developer or EPC contractor in the power, steel, cement, petrochemical, oil and gas, fertilizer, or coal mining sectors within the previous ten years. The value of a single project must be equal to or more than Rs 1.1 billion, and the project should be effectively operating for at least a year prior to the date of the opening of techno-commercial bids.
Appliers must have completed at least one electrical substation with a voltage level of 33 kV or higher, including power transformers and circuit breakers.
The bidder’s average yearly turnover in the past three fiscal years cannot be less than Rs 1.1 billion, with net worth should be at least 100% of their paid-up share capital in the preceding fiscal year.
