NTPC Invites Bids to Supply Solar Modules for 1,255 MW Projects in Gujarat

The last date to submit the bids is October 11, 2023


NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for the supply of 1.58 GW of crystalline solar bifacial modules with a minimum wattage output of 540 Wp for 1,255 MW projects at the Khavda Solar Park in the Kutch district of Gujarat.

The modules will be supplied under the domestic content requirement (DCR) category.

The last date to submit the bids is October 11, 2023. Bids will be opened on the same day.

The bidders can quote the bid supply capacities as per the following blocks:

  • Block-1: 391.50 MW
  • Block-2: 397.70 MW
  • Block-3: 397.70 MW
  • Block-4: 397.70 MW

Bidders must submit ₹200 million (~$2.42 million) as a bid security deposit for quoting a single block or two blocks and ₹500 million (~$6.05 million) for quoting three blocks or four blocks.

Bidders should have supplied solar modules or cells of a cumulative capacity of 40 MW or above, out of which at least one supply order should have been of 10 MW or above capacity before the bid opening date.

Also, the required average financial turnover of bidders for any three of the last five financial years will be calculated as follows: ₹0.456 (~$0.006)  x total Quoted Capacity in MW.

In case the bidder does not satisfy the annual turnover criteria on its own, its holding company would be required to meet the stipulated turnover requirements provided that the net worth of such holding company as on the last day of the preceding financial year is at least equal to or more than the paid-up share capital of the holding company.

The net worth of bidders as of the last day of the preceding financial year should not be less than 100% of the bidder’s paid-up share capital.

According to tender documents, 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.

In June this year, NTPC Renewable Energy invited bids for the balance of system (BoS) package for 1,255 MW (3*315 MW+1*310 MW) of solar projects at the Khavda Renewable Park in the Kutch district of Gujarat.

Earlier, NTPC Renewable Energy had invited bids for an HT power cable supply package for a 1,255 MW solar block of Khavda Renewable Energy Park in Gujarat.

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