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NTPC Renewable Floats EPC Tender For 200 MW Grid-Connected Solar Project In MP

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NTPC’s wholly-owned subsidy, NTPC Renewable Energy (NTPC Renewables) has requested bids for an engineering, procurement, and construction (EPC) package including land for 200 MW of solar power plants in Madhya Pradesh, which will be integrated into the state transmission utility (STU).

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The last date for proposal submission is July 8, 2022, which is also the bid opening date.

Bidders must give a bid security deposit of Rs 20 million for 50 MW capacity, Rs 50 million for 60 MW to 100 MW capacity, and Rs 100 million for 110 MW to 200 MW capacity.

The scope of work includes grid-connected solar project design, production, engineering, installation, storage, supply, packing, shipping, and commissioning.

The winning bidder will also be liable for the project’s operation and maintenance for 3 years after it is completed.

To compete in the bidding process, the participant must be an EPC contractor or a developer with experience designing, building, supplying, and commissioning grid-connected solar power projects with an aggregate capacity of 40 MW or more, including at least one 10 MW plant. 

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The 10 MW facility needs to be up and running for at least six months prior to the bid opening and should be in a single place produced by the bidder for itself or its client.

Instead, the bidder must have executed a Rs 2 billion commercial project in the past 10 years, either as a developer or as an EPC contractor, in the petrochemical, steel, power, oil & gas, fertilizer, coal mining, cement, or any other process industry. The same should have been in existence and operational for at least a year prior to the bid opening date.

Further, as a developer or EPC Contractor, the bidder must have constructed at least one 33 kV electrical substation, comprising infrastructure such as 33 kV or above voltage level circuit breakers and power transformer, that has been in service for at least one year prior to the bid opening date.

The bidder’s average annual turnover shall not be less than Rs 2 billion in any 3 of the past 5 fiscal years as of the bidding opening day. The bidder’s net worth cannot be less than 100% of the paid-up share capital on the last day of the preceding fiscal year.

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