NTPC REL Invites Bids For 900 MW Solar PV Project In Madhya Pradesh

NTPC Renewable Energy Limited (NTPC REL), a wholly owned arm of NTPC Green Energy Limited, has issued an Invitation for Bids (IFB) for setting up a large-scale solar power project in Madhya Pradesh. The project involves developing a 900 MW grid-connected solar photovoltaic (PV) plant at Mandsaur, which will be divided into three separate blocks of 300 MW each. The bidding process will follow a single-stage, two-envelope system that includes techno-commercial and financial bids, with the final selection to be done through a reverse auction.

Under the scope of the project, the selected Engineering, Procurement, and Construction (EPC) contractor will be responsible for the complete execution of the plant. This includes design, engineering, manufacturing, supply, installation, testing, and commissioning of the solar project. In addition, the contractor will carry out site preparation work such as land grading and topographical surveys. The installation will also include advanced tracker-based module mounting structures to improve power generation efficiency. After commissioning, the contractor will be required to handle operation and maintenance (O&M) of the project for a period of three years.

To ensure capable participation, NTPC REL has set clear technical and financial eligibility criteria. Bidders must have prior experience in the renewable energy sector, including commissioning solar projects with a total capacity of at least 40 MWp. This must include at least one project of 10 MWp or more that has been operational for a minimum of six months. Alternatively, companies can qualify through experience in executing large industrial projects in sectors such as power, steel, or oil and gas. The required project value ranges from ₹192 crore for one block to ₹576 crore for the full 900 MW capacity.

Financial eligibility criteria have also been defined based on the scale of participation. The average annual turnover requirement is set at ₹192 crore for 300 MW, ₹384 crore for 600 MW, and ₹576 crore for 900 MW projects. In addition, the bidder’s net worth must be equal to or greater than its paid-up share capital.

The bidding process has a defined timeline. Documents can be downloaded from April 7 to April 17, 2026, while a pre-bid meeting is scheduled for April 21, 2026. The last date for bid submission is May 8, 2026, at 2:00 PM, with the techno-commercial bids to be opened on the same day at 2:30 PM.

Bidders must also submit an Earnest Money Deposit (EMD) based on the capacity they bid for. The EMD is set at ₹20 crore for one block of 300 MW, and ₹50 crore for bidding for two or all three blocks. Any bid submitted without the required security will be rejected. Interested bidders must register on the ETS portal and submit a signed Non-Disclosure Agreement to access the official tender documents.