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Indian Oil Corporation Invites Bids for 5 MW Solar Power Project O&M Contract

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Indian Oil Corporation (IOC) has issued an invitation to bid for a comprehensive annual rate contract for the operation and maintenance of a 5 MW solar power project at its Rawra facility in Jodhpur, Rajasthan.

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The contract will be for three years, and the contractor will be responsible for all types of maintenance to maximize electricity generation, with a minimum performance ratio of 76% subject to 99.6% grid availability.

Bidders must have a minimum annual turnover of ₹33.4 lakhs during any of the previous three financial years and have previously completed the O&M of a grid-connected solar power project with a capacity of 1 MW or above in India, with a contract duration of at least two years.

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The deadline for submission of bids is April 7, 2023, and bidders must submit an earnest money deposit of ₹1.67 lakhs. The successful bidder must also submit a performance security of 3% of the nominal contract value within 15 days of receiving the acceptance letter.

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For more details view tender document:

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