NTPC invites bids for solar project in Gujarat

NTPC has invited bids for the Engineering, Procurement, and Construction (EPC) of a 300 MW solar project at the Khavda Renewable Energy Park in Gujarat.

The scope of the work includes design, engineering, manufacturing, supply, packing and forwarding, transportation, uploading storage, installation, testing, and commissioning of the solar project, including the supply of solar modules.

The last date for the submission of bids is May 26, 2023. Bids will open on the same day. Bidders must deposit ₹22,500 (~$275) for the bidding document.

Additionally, all bids must be accompanied by ₹200 million (~$2.4 million) as an earnest money deposit.

The bidder must have experience in developing or supervising the development of solar projects with a cumulative installed capacity of at least 40 MW, including at least one plant with a capacity of 10 MW or higher that has been successfully operating for at least six months before the bid opening.

Alternatively, the bidder must have experience executing an industrial project in power, steel, oil and gas, petrochemical, fertilizer, cement, coal mining, or any other process industry, with a minimum value of ₹2 billion (~$24.4 million) for a single project that has been successfully operating for at least one year before the bid opening.

The bidder must have experience executing at least one electrical substation of 33 kV or above voltage level that includes equipment such as 33kV or above voltage level circuit breakers and power transformer and has been successfully operating for at least one year before the bid opening.

The bidder’s average annual turnover should be at least ₹2 billion (~$24.4 million) for any three of the preceding five financial years as of the date of the techno-commercial bid opening.

As of the last day of the preceding financial year, the bidder’s net worth should be at least 100% of its paid-up share capital. If the bidder doesn’t meet this criterion, it can combine its net worth with its subsidiaries and holding company.

In this case, the combined net worth should be at least 100% of their total paid-up share capital, but individually, their net worth should be at least 75% of their respective paid-up share capital.

In January 2023, NTPC Renewable Energy invited bids for the balance of system package with land for interstate transmission system (ISTS)-connected solar projects up to 1,000 MW anywhere in India except Rajasthan with a greenshoe option for an additional 500 MW.

Earlier in the month, NTPC Renewable Energy invited bids for a BoS package of ISTS-connected wind power projects of 1,000 MW capacity anywhere in Gujarat.