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NTPC Declares Amara Raja, L&T And Jackson Winners Of 735 MW Solar Project

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13 Bids For Minority Stake Sale in NTPC Green Energy

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Amara Raja Group, Larsen & Toubro (L&T), and Jackson Group are awarded the winners of NTPC’s bidding for a balance of system (BoS) package for the 735 MW Nokh solar project in Rajasthan, which was announced in March 2020.

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For the first, second and third blocks of each 245 MW, Larsen & Toubro quoted a tariff of Rs 16.25 million per MW, Amara Raja Group quoted a tariff of Rs 17.14 million per MW, and Jackson Group offered a tariff of Rs 17.86 million to deliver a BoS package, respectively.

The proposal submission deadline was extended until August 2020 after the initial declaration of the tender. Following that, NTPC renewed the tender in November 2021, and in the most recent tender, the bidders’ average yearly turnover criteria were raised.

In the revised tender document, for the first block, the average annual turnover of bidders was increased to Rs 900 million, while for the second block, it was increased to Rs 1.8 billion. 

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Previously, the minimum financial need for the first and second block was Rs 670 million and Rs 1.34 billion, respectively, along with bid security being Rs 50 million. Later, bidders were permitted to give a declaration in lieu of bid security.

The tender’s scope of work comprises the design, manufacture, engineering, packaging, shipping, supply, unloading, installation, storing, testing, and commissioning of solar projects, but does not include the supply of solar modules.

The selected bidders are held responsible for designing and building module mounting structures for solar modules using tracker technology, as well as putting modules on the tracker and interconnecting them.

Last month NTPC REL had requested bids for a BOS package including land for 300 MW of the Interstate transmission system (ISTS)-connected solar projects to be located anywhere in India.

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