The balance of system (BoS) package including land for interstate transmission system (ISTS)-connected solar projects up to 1,000 MW (1 GW) anywhere in India (excluding Rajasthan) with a greenshoe option for an additional 500 MW has been put out for bids by NTPC Renewable Energy.
The proposals must be submitted by March 21, 2023, and the day of the opening of bids will be the same.
Bidders will have to pay the bid document fee of Rs. 22,500.
The winning bidder will also be responsible for the full operation and maintenance (O&M) of the systems for 3 years.
Bidders must have previously built at least one electrical substation with a voltage level of 33 kV or higher, which included components like power transformers and circuit breakers, to be eligible for bidding.
However, the substation is required to be in function for at least a year prior to the bid opening date.
On the final day of the previous fiscal year, bidders should have a positive net worth.
Additionally, for a total quoted capacity of up to 300 MW, the bidder’s average annual turnover in any 3 of the last 5 fiscal years should not be less than Rs. 1 billion. It should be Rs. 3.05 billion for 300 MW to 600 MW, Rs. 7.01 billion for 600 MW to 900 MW quoted capacity, and Rs. 13.2 billion for specified capacity between 900 MW and 1200 MW.
Further, bidders who have contracted the BoS package or have commissioned solar projects with a cumulative capacity of at least 40 MW, and have installed at least one project with a capacity of 10 MW or greater at a single location, are eligible to submit their proposals.
Further, prior to the opening of bids, the reference project has to be in operation for at least 6 months.
Alternately, bidders must have completed an industrial project in the last 10 years that had a minimum value of Rs. 1 billion for a total specified capacity up to 300 MW, Rs. 3.05 billion for 300 MW to 600 MW, Rs. 7.01 billion for quoted capacity between 600 MW and 900 MW, and Rs. 13.2 billion for 900 MW to 1,200 MW.
These projects could have been developed by the bidder or completed as an EPC contractor in the area of oil & gas, power, petrochemical, steel, cement, fertilizer, or any other process industry.