NTPC Renewable Energy Invites Bids for 1.58 GW Solar Modules for 1,255 MW Projects in Gujarat

NTPC Renewable Energy, a subsidiary of NTPC, is seeking bids for the supply of 1.58 GW of bifacial crystalline solar modules with a minimum output of 540 Wp. These modules will be used for 1,255 MW solar projects located at the Khavda Solar Park in Gujarat’s Kutch district, and they must comply with domestic content requirements (DCR).

Bidders have the flexibility to quote their supply capacities in four different blocks: Block-1 (391.50 MW), Block-2 (397.70 MW), Block-3 (397.70 MW), and Block-4 (397.70 MW). To participate, bidders must provide a bid security deposit of ₹20,00,00,000 for one or two blocks and ₹50,00,00,000 for three or four blocks.

To be eligible, bidders must have previously supplied solar modules or cells with a cumulative capacity of at least 40 MW, including one supply order of 10 MW or more, before the bid opening date. Financial eligibility is also crucial, with a formula based on the quoted capacity in MW determining the required average financial turnover for the last three out of five financial years.

For companies that don’t meet the financial criteria on their own, their holding company can step in, provided the holding company’s net worth exceeds its paid-up share capital. Additionally, bidders’ net worth as of the last day of the preceding financial year should be at least equal to 100% of their paid-up share capital.

Finally, bidders from countries sharing a land border with India must be registered with the competent authority to participate in this tender. This comprehensive set of requirements and guidelines ensures transparency and the ability of qualified companies to participate in this significant renewable energy project.

Interested bidders have until October 11, 2023, to submit their bids, and the bids will be opened on the same day.