SJVN Invites Bids to Develop 100 MW of Solar Projects in Punjab
The last date to submit the bids is September 1, 2022
SJVN Green Energy, a wholly-owned subsidiary of SJVN, has invited bids for the design, engineering, construction, erection, testing, and commissioning of 100 MW grid-connected solar power projects in Punjab.
The successful bidder will also have to take care of the operation and maintenance of the project for two years.
The scope of work includes the development of land, procurement of materials, transportation, supply, civil works, electrical works, design, engineering, installation, erection, testing, and commissioning of the projects on a turnkey basis.
The last date to submit the bids is September 1, 2022. Bids will be opened on the same day.
Bidders will have to submit ₹57.6 million (~$721,002) as an earnest money deposit. The successful bidder will have to furnish a bank guarantee equivalent to ₹1.5 million (~$18.776)/MW of the total quoted capacity.
The projects will be installed at two locations of 50 MW each. The land for the projects are located at Pojewal and Rurki Chandpur, in Garhshankar Tehsil of Nawanshahr Punjab district.
SJVN Green Energy will enter into a power purchase agreement with the Punjab State Power Corporation (PSPC) for the sale of power.
Only enlisted engineering, procurement, and construction vendors are eligible to participate in this tender.
The average annual turnover of bidders for the last three financial years should be at least ₹1.7 billion (~$21.28 million). Their net worth in any two of the last three financial years should be positive.
Bidders should have a working capital of ₹250 million (~$3.13 million) as per the last financial year.
The solar modules to be used in the project should be from the Approved List of Models and Manufacturers (ALMM) issued by the Ministry of New and Renewable Energy.
In February this year, SJVN floated two tenders for land procurement to set up solar projects in Himachal Pradesh and Punjab.
Last November, SJVN had bagged a 100 MW grid-connected solar power project from PSPC. The company won the project through the tariff-based competitive bidding process on a build, own, and operate basis through an e-reverse auction at a tariff of ₹2.69 (~$0.036)/kWh. The project is expected to generate 245.28 MU in the first year, while the cumulative energy generation over 25 years would be around 5643.52 MU.
According to Mercom’s India Solar Tender Tracker, SJVN Limited has so far floated tenders for 1.9 GW of solar projects across the country.