In Neemuch, Madhya Pradesh, NTPC Vidyut Vyapar Nigam (NVVN), a division owned by NTPC, has issued a request for proposals for the construction of two solar power plants, each with a capacity of 10.5 MW.
The deadline for submitting proposals is November 15, 2022, and they will be released the following day.
Bidders will have to provide Rs 20 million as a bid security. The winning bidder will additionally be required to provide performance security in the amount of 3% of the contract price.
The solar power project must be finished within a year (12 months) after the award date.
The scope of work includes, among other things, engineering, design, commissioning, procurement, testing, coordinating with other bodies, and documentation needed for the project’s development.
Bhopal Municipal Corporation would supply the land for the solar power plants in accordance with the tender document made public by the state-owned power producer.
The solar project’s operation and maintenance (O&M) will also be the responsibility of bidders for three years.
The tender also stipulates that only developers of floating or ground-mounted solar power plants with capacities between 10 MW to 50 MW are permitted to submit bids.
Only Class-l and Class-ll local suppliers can participate in the bidding process, according to the tender document. Local content should be 20% for Class-ll suppliers and 50% for Class-l local suppliers. Non-local providers were expressly prohibited from participating in the tendering process.
Additionally, according to NTPC, as of the final day of the prior fiscal year, the bidder’s net worth should equal 100% of the paid-up share capital.
Further, on the date of the bid opening, the average annual turnover of the bidders for the three prior financial years shall not be less than Rs 1.62 billion.
The Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM) should be used to source the solar modules used in the project.
The modules have to be covered by a warranty against linear power output deterioration, except for the first year. At the end of 30 years, they should still be producing 80% of their original rated power.
Additionally, according to NTPC, a minimum annual capacity utilization factor of 23% shall be attained during the contract duration.