Coal India Invites Bids for 1.02 MW of Solar Projects in Jharkhand
The last date to submit the bids is March 4, 2023
Coal India subsidiary Central Mine Planning and Design Institute (CMPDI) has invited bids for installing and commissioning 1.02 MW of grid-connected solar power projects in Jharkhand.
The successful bidder will also have to take care of the project’s operation and maintenance (O&M) for five years.
Projects will comprise 860 kW of rooftop solar systems in the Barka Sayal area, Ramgarh area, and Barkakana area and a 160 kW ground-mounted solar project in the Ramgarh area.
The last date to submit the bids is March 4, 2023. Bids will be opened on March 6.
Bidders will have to submit ₹595,000 (~$7,205) as an earnest money deposit. The successful will have to submit 5% of the contract value as a performance security deposit within 21 days of the issuance of the letter of award.
The project’s estimated cost is ₹47.58 million (~$576,170).
The project must be completed within six months.
To participate in the bidding process, bidders should have completed three similar works, each costing not less than 20% of the project’s estimated cost, or two similar works, each costing not less than 25% of the estimated cost of the project, or one similar work costing not less than 40% of the project’s estimated cost.
They should have commissioned a solar power project of capacity not less than 100 kW in a single work order. Such a project should have been in commercial operation for at least six months before the bid opening date.
Also, the average annual financial turnover of bidders during the last three financial years should be at least 30% of the project’s estimated cost.
Additionally, bidders must submit the certificate of possessing adequate working capital (at least 20% of the estimated value of the work), including access to lines of credit and availability of other financial resources to meet the project’s financial requirement.
Any bidder from a country that shares a land border with India will be eligible to bid in this tender only if the bidder is registered with the competent authority.
If the contractor fails to maintain the required progress to complete the work, liquidated damages at 0.5% of the contract price, subject to a maximum of 10% of the total value, will apply.
CMPDI has stated that solar modules to be used for the project must be warranted for peak output power, which should not be less than 90% at the end of ten years and not less than 80% at the end of 25 years.
Recently, CMPDI invited bids for installing and commissioning a 4 MW grid-connected solar project for Central Coalfields in the Giridih area of Jharkhand.
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