NTPC Subsidiary Issues Tender for 9.98 MW of Solar Projects

The last day to submit the bids is February 1, 2024


NTPC Vidyut Vyapar Nigam (NVVNL) has invited bids from enlisted developers to commission 9.98 MW of ground-mounted and rooftop solar power projects at multiple locations in the western region for the Department of Defence Production’s public sector undertakings.

The projects will be split between 7.48 MW ground-mounted and 2.5 MW rooftop solar.

The work must be completed within nine months of receiving the work order.

The scope of work includes operation and maintenance (O&M) activities for ten years.

The last day to submit the bids is February 1, 2024. Bids will be opened the next day.

Bidders must submit an earnest money deposit of ₹10 million (~$120,306).

The selected bidder must submit a contract performance guarantee amount equivalent to 10% of the contract value within 28 days of receiving the award notification.

Bidders must also submit a performance guarantee amount equivalent to 10% of the O&M contract price.

NVVN intends to finance the project through external commercial borrowings, domestic commercial borrowings, and its own sources.

Only bidders enlisted by NVVN and Class-I and Class-II local suppliers are eligible to participate in the tender.

The local content requirement to categorize a bidder as a ‘Class-I local supplier’ is a minimum of 50%, and for a ‘Class-II local supplier,’ the ‘local content’ requirement is a minimum of 20%.

Bidders must have an average annual turnover of at least ₹504.7 million (~$6.07 million) during the last three financial years.

Their net worth as of the last day of the preceding financial year should not be less than 100% of their paid-up share capital.

The selected developer must maintain the minimum annual capacity utilization factor of 21% for ground-mounted projects and 16% for rooftop projects measured at the delivery point for the ten operational years, failing which it will be liable to pay for the shortfall in generation.

Recently, NVVN invited bids from enlisted developers to install 6,352 kW of grid-connected rooftop solar power projects on various buildings of public sector undertakings under the Department of Defence Production in the southern region.

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