National Thermal Power Corporation Renewable Energy Limited (NTPC REL) is soliciting online bids from qualified bidders through a Single Stage Two Envelope process.
This comprises Envelope-I: Techno-Commercial Bid and Envelope-II: Price Bid for the Land and Power Evacuation Package for the development of 150 MW ISTS Connected Solar PV Projects in Bhadla, Rajasthan.
Bids must be submitted by April 10, 2024, with the bidding opening set on the same day.
The cost for obtaining the Bidding Documents is INR 22,500
The bidder must have completed the following criteria for grid-connected Solar PV Projects/Solar Parks or Wind Projects/Wind Parks, or a combination thereof, with a cumulative capacity of 100MW or more. Among these, at least one project/Park should have a capacity of 50 MW or higher:
a) Secured land arrangements for the Project/Park.
b) Received technical feasibility approval for power evacuation via STU/ISTS substation.
The bidder’s average annual turnover must exceed INR 14.40 Crores (Indian Rupees Fourteen Crores and Forty Lakhs Only) for a minimum of three (03) out of the preceding five (05) financial years as of the date of the techno-commercial bid opening.
Additionally, Bidder should have Positive Net Worth as on the last day of the preceding financial year.
If a Bidder fails to meet the annual turnover criteria independently, its Holding Company must meet the specified turnover requirements, given that the Holding Company’s Net Worth as of the last day of the preceding financial year is at least equal to or greater than its paid-up share capital.
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