Reading Time: 2 minutes
Damodar Valley Corporation (DVC) has requested offers for an engineering, procurement, and construction (EPC) tender to build a 12 megawatt (MW) grid-connected and ground-mounted solar power project at the Koderma Thermal Power Station in Jharkhand with an estimated cost of Rs 582.68 million.
Bids must be submitted by February 28th, 2022, and will be opened on March 1st, 2022. Interested bidders would be required to submit an earnest money deposit of Rs 5.826 million.
The selected bidder will also be responsible for five years of operation and management (O&M) operations. The project will also include ancillary systems, such as a power evacuation system.
DVC has declared that they will prefer the ‘Make in India’ plan, which will boost the manufacture and production of products and services in India in order to increase revenue and jobs.
The bidder must have developed, supplied, constructed, and commissioned or is a developer of grid-connected solar power projects with a total installed capacity of 12 MW or higher, with at least one project having a capacity of 3 MW or higher, to participate in the bidding process.
The reference project with a capacity of 3 MW or greater must have been in operation for at least six months prior to the bid submission deadline and shall be created on a single site by the builder or any other client.
As of the bid submission date, the net working capital or access to credit facilities shall not be less than Rs 776.91 million. The bidder’s net worth on the final day of the prior fiscal year must be equal to or greater than 100 percent of the paid-up share capital.
A ‘Class-I Local Supplier’ should have at least 50% local content, while a ‘Class-II Local Supplier’ should have at least 20% local content.
If the contractor fails to accomplish the project within 9 months of the award notice, they will be required to pay a sum of Rs 33,526 per day/MW for each day of delay in the un-commissioned part of work in MW until the completion of the entire project, subject to a minimum of 5% of the total contract value.