Coal India Subsidiary Invites Bids for a 20 MW Solar Project in Jharkhand
The last date to submit the bids is March 14, 2023
CIL Navikarniya Urja, a wholly-owned subsidiary of Coal India Limited (CIL), has invited bids to commission a 20 MW solar power project along with the associated transmission system in Dhanbad, Jharkhand.
The project should be commissioned within 12 months of receiving the work order.
The successful bidder must also provide operation and maintenance services for the project for five years.
The project’s estimated cost is ₹1.46 billion (~$17.62 million).
The last date to submit the bids is March 14, 2023. Bids will be opened on the next day.
Bidders must submit ₹5 million (~$60,384) as an earnest money deposit to participate in bidding.
The successful bidder will have to deposit a performance security amount calculated at 5% of the contract value within 21 days of the letter of award issuance.
In addition to the performance security, retention money of 5% of each running bill will be withheld until final acceptance to ensure the completion of the project.
Bidders must submit the certificate of minimum working capital of ₹291.5 million (~$3.52 million), including access to lines of credit and availability of other financial resources to meet the project’s financial requirements.
If the developer fails to complete the work within the stipulated time, 0.5% of the contract price per week of delay, subject to a maximum of 10% of the total value as liquidated damages, will apply.
The power generated from the solar project will be utilized by Bharat Coking Coal for captive consumption.
BCCL has planned to evacuate the power to the nearest DVC substation six kilometers from the project site through a 33 kV line. BCCL will obtain the permission for the evacuation.
The solar power developer should ensure the generation of 37.43 MU of electricity for the first year with a permissible level of degradation of 0.7% for the subsequent years.
The capacity utilization factor should be 21.67% for the first year, with a permissible level of degradation of 0.7% for the subsequent years.
Earlier, CIL Navikarniya Urja had invited bids to commission a 15 MW solar power project along with the associated transmission system in Madhya Pradesh.
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