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CREST Floats EPC Tender To Set Up 2 MW Floating Solar Project

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The Chandigarh Renewable Energy And Science And Technology (CREST) promotion association has published an engineering, procurement, and construction (EPC) tender for the installation of 2 MW of grid-connected floating solar projects with high power evacuation systems in Chandigarh at an estimated cost of Rs 120 million.

The deadline for proposals is February 26th, 2022. The pre-bid meeting is planned for February 18. On February 28, technical bids will be opened. 

Bidders must provide a Rs 2.4 million earnest money deposit. The selected bidder must additionally present a performance bank guarantee for 3% of the contract amount within 15 days of the work order’s issuance.

The scope of work involves the design, fabrication, construction, delivery, testing, and commissioning of two 1 MW grid-connected floating solar projects at Water Works tanks 7 and 8 in Sector 39, Chandigarh. 

The chosen bidder must complete the project within 5 months after the work order’s placement date. In the event of a delay in commissioning the projects, the builder will be obliged to pay a penalty of 1% of the project cost every 2 weeks, up to a maximum of 10% of the project cost.

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Following the commissioning of the projects, the selected bidder shall offer full operation and maintenance services for a period of ten years.

The bidder must employ ‘Made in India’ solar modules that are listed in the Approved List of Models and Manufacturers (ALMM), and the projects must have a 25-year warranty. The depreciation of power output by solar modules shall not exceed 10% of the minimum rated power after 10 years and 20% at the end of 25 years.

To compete in the bidding process, in any of the previous three fiscal years, bidders’ average yearly turnover should have been Rs 120 million.

Bidders must have executed one similar project in the past seven years that cost at least 80% of the expected project cost or should have commissioned two or three similar projects that cost at least 50% or 40% of the projected project cost, respectively.

Furthermore, applicants must have constructed and commissioned at least one one-megawatt rooftop, ground-mounted, or floating grid-connected solar project for state nodal agencies, government agencies, or public sector units.

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