Reading Time: 2 minutes
For 500 MW of grid-connected solar power projects at Pavagada in Karnataka, IRCON Renewable Power (IRPL) has published a tender for engineering, procurement, and construction (EPC) work with a 220 kV substation.
The online bids must be submitted by September 20, 2022, and they will be publicly opened on that day.
According to the tender document, the project will be constructed under the domestic content requirement (DCR) category.
The winning bidder would be required to pay an earnest money deposit of Rs. 114.95 million. Within 28 days after receiving the award notice, the successful bidder must make a Performance Security deposit equal to 3% of the purchase order’s fundamental value.
The project must be accomplished within 17 months of being granted.
The scope of work for this IRPL 500 MW solar tender includes all related and associated civil works, design, manufacturing, engineering, packing and forwarding, supply, unloading, transportation, storage, installation, and commissioning, as well as a warranty obligation with 3 years’ of thorough operation and maintenance (O&M).
To partake in the bidding process, a minimum of one plant, with a capacity of 20 MW or higher, shall have been designed, built, and operational by bidders as developers or as EPC contractors for grid-connected solar power projects with an additive installed capacity of 80 MW or higher.
The reference project with a capacity of 20 MW or more must have been in operation for at least six months prior to the bids’ official opening.
Alternatively, a single industrial project worth at least Rs.1.8 billion that was completed in the recent ten years in the sectors of steel, petrochemical, oil & gas, electricity, fertilizer, coal mining, cement, or any other process industry must have been completed by the bidders as a developer or an EPC contractor.
Further, the net worth of the bidders shall be at least 100% of the paid-up share capital as of the last day of the preceding fiscal year.
Additionally, for 3 of the previous 5 fiscal years ending on March 31, 2022, bidders should have a minimum average yearly turnover for bidders of Rs. 1.8 billion.