NTPC Green Energy Limited, a wholly owned subsidiary of NTPC Ltd., has invited online bids for the operation and maintenance of its large solar power assets in Rajasthan. The company is seeking a service provider for the comprehensive operation and maintenance of two of its solar power stations, Nokhra and Devikot, with a combined installed capacity of 540 MW. The Nokhra solar project has a capacity of 300 MW, while the Devikot solar project accounts for 240 MW. The contract will be awarded for a total period of three years.
The bidding process is being carried out through the Government e-Marketplace portal and follows a single-stage, two-envelope system. Under this system, bidders are required to submit their technical and financial proposals separately. According to the bid document, the tender was issued on December 29, 2025. Interested bidders must submit their offers by January 12, 2026, no later than 1:00 PM. The technical bids will be opened on the same day, 30 minutes after the submission deadline. The bids submitted by participants must remain valid for a period of 120 days from the bid end date.
Financial requirements form an important part of the tender conditions. Bidders are required to submit an Earnest Money Deposit of ₹50,00,000. The EMD can be furnished in the form of a Bank Guarantee, an Insurance Surety Bond, or through Electronic Fund Transfer. However, Micro and Small Enterprises registered under Udyam are eligible for exemption from the EMD requirement, provided they are the actual service providers for the contract. The tender document also clarifies that a Performance Bank Guarantee is not required for this particular bidding process.
The eligibility criteria outlined in the tender include both technical and financial qualifications. On the technical side, a bidder must have experience in executing a contract for the installation and commissioning of a grid-connected solar power plant with a minimum capacity of 50 MW (AC) within the last seven years. As an alternative, bidders can also qualify if they have experience in operating and maintaining grid-connected solar plants with a cumulative capacity of at least 200 MW (AC) for a minimum period of one year during the same seven-year timeframe.
In terms of financial capability, the bidder must demonstrate an average annual turnover of at least ₹1,400 lakh during the previous three financial years. In addition, the bidder’s net worth as of the last day of the preceding financial year must be equal to or greater than 100 percent of its paid-up share capital. These requirements are intended to ensure that only financially stable and experienced firms participate in the tender.
The tender places strong emphasis on local participation. Only Class-I local suppliers with a minimum local content of 100 percent are eligible to submit bids. The document also includes restrictions related to bidders from countries that share a land border with India. Such bidders must be registered with the Competent Authority to be considered eligible for participation.
Other important conditions include the inclusion of an integrity pact and safety-related payment provisions. As part of the contract, 2 percent of the total quoted price will be kept aside and linked directly to compliance with safety rules and safety-related aspects during the execution of the contract.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
