NTPC Green Energy Releases EPC Tender for 200 MW Solar Initiatives

NTPC Green Energy, representing Indian Oil NTPC Green Energy (INGEL), is seeking proposals for the engineering, procurement, and construction (EPC) package inclusive of land to facilitate the development of a potential 200 MW of solar projects linked to the inter-state transmission system (ISTS) across India.

INGEL, a joint venture split equally between Indian Oil Corporation and NTPC Green Energy, aims to deliver 650 MW of renewable power to fulfill the continuous energy requirements of Indian Oil’s upcoming ventures.

The responsibilities encompass the operation and maintenance of the entire solar projects, spanning from the switchyard and power evacuation system to the interconnecting grid substation.

This also includes the provision of consumables and spare parts for a duration of three years from the date of commissioning.

Additionally, the selected EPC contractor is required to identify, acquire, and transfer land ownership or lease in Favorof INGEL.

The deadline for bid submissions is set for February 22, 2024, with bids scheduled to be opened on the same day.

As bid security, for 100 MW and 200 MW, respectively, bidders must provide ₹5 crores and ₹10 crores.

Eligible bidders should have a track record of developing, designing, erecting, commissioning, or supervising activities for a grid-connected solar power project with a cumulative capacity of 40 MW or more. At least one of these projects must boast a capacity of 10 MW or higher and should have been operational for a minimum of six months prior to the bid opening date.

Alternatively, bidders must have executed an industrial project in sectors like power, steel, oil and gas, petrochemical, fertilizer, cement, coal mining, coal handling plant, or any other process industry, with a project cost of ₹240crores.

Furthermore, bidders should have experience in constructing at least one electrical substation of 33 kV or above voltage, either as a developer or EPC contractor, which has been operational for a minimum of one year.

Financial requirements include an average annual turnover of ₹240crores for three of the last five financial years, and the net worth as of the last day of the preceding financial year should not be less than 100% of the paid-up share capital.