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A wholly-owned subsidiary of NTPC, NTPC Renewable Energy (NTPC Renewables) has issued a call for bids for a 500 MW STU-connected solar project in Bhadla, Rajasthan, for the balance of system (BoS) package, which excludes transmission system and land.
The bidder will be liable for the project’s operation and maintenance (O&M) for 3 years beginning with the date of commissioning.
NTPC Renewable Energy will supply the bidder with the land for park development, including the lease and all necessary permissions and approvals.
The last date for proposal submissions is July 14, 2022, which will be opened on the same day. Bidders must furnish bid security in the amount of Rs 100 million.
As an engineering, procurement, and construction (EPC) contractor or developer, the bidder should have developed, delivered, and commissioned BoS for grid-connected solar projects of 40 MW or greater.
A minimum of one plant with a capacity of 10 MW or larger must have been operational for at least six months previous to the bid opening date.
Alternatively, the applicant must have completed an industrial project of Rs 2.7 billion in the recent 10 years, either as a developer or as an EPC contractor, in the steel, power, oil and gas, cement, fertilizers, petrochemical, coal mining, or any other process industry. Before the bid opening date, the project shall have been in operation for at least one year.
Furthermore, the bidder must have managed at least one electrical substation of 33 kV or higher voltage level, consisting of equipment such as 33 kV or higher voltage level circuit breakers and power transformer, either as a developer or as an EPC contractor, and it must have been in operation for a year prior to the bid opening.
The bidder’s net worth as of the last day of the preceding fiscal year shall not be less than 100% of its paid-up share capital.
As of the bid opening date, the bidder’s average annual turnover shall not be less than Rs 2.7 billion for any 3 fiscal years out of the previous 5 fiscal years.
If a bidder does not fulfill the yearly turnover standards on its own, its holding company must meet the specified turnover requirements.