Karnataka Cooperative Milk Producers’ Federation Limited (KMF) invites tenders from eligible tenderers, for the establishment of Solar Power Plant on Group Captive
Scope of the work includes Design, Finance, Installation, Commissioning, Synchronization with Operation & Maintenance for a period of 25 years of capacity 110 MW Solar Power Plant on Group Captive Mode for Karnataka Cooperative Milk Producers Federation Limited (KMF) & its member Milk Unions.
Bid submission end is 24 Feb 2023 till 4 pm and bids will be opened on 27 Feb at 11.30 am.
EMD amount equivalent to Rs. 4,31,00,000/- to be submitted through following manner :
a) Rs. 25 Lakhs through e-procurement portal only in the mode of Credit Card/ Debit Card/ NEFT (National Electronic, Fund Transfer) / OTC (Over the Counter)
b) Balance Rs.4,06,00,000/- (Rupees Four Crore Six Lakhs only) through Bank Guarantee issued from Nationalized Bank/RBI Governed reputed banks.
After the receipt of the Letter of Acceptance, the successful Tenderer shall deliver to the Employer a Security deposit for an amount equivalent to 7.8% of the contract price.
KMF will purchase 80% of the contracted power capacity from the power project established by a special purpose vehicle (SPV) each year for the 25-years.
Period of completion of the project is 18 months.
Through the establishment of the Group Captive Solar Power Project KMF would save approximately 30% -35% annually.
For more details view the tender document: