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					</table><p>NTPC Vidyut Vyapar Nigam (<a href="https://nvvn.co.in/" target="_blank" rel="noopener">NVVN</a>), a wholly owned subsidiary of <a href="https://www.ntpc.co.in/" target="_blank" rel="noopener">NTPC</a>, has invited bids from enlisted developers for setting up a 1.5 MW grid-connected solar power project at IIM Bodh Gaya.</p>
<p>The scope of the work involves the design, engineering, supply, construction, installation, testing, and commissioning of the solar power project.</p>
<p>The select developer will also be responsible for setting up the evacuation system to the IIM-Bodhgaya substation, catering to the assigned capacity, including net metering approval from DISCOM and obtaining the necessary permissions for the overhead/underground transmission lines.</p>
<p>The project entails the operation and maintenance of the solar power system, transmission lines, and critical equipment for a duration of three years.</p>
<p>It also includes an annual maintenance contract (AMC) for the essential equipment for ten years.</p>
<p>The last date for the submission of bids is July 3, 2023. Bids will be opened the next day.</p>
<p>Bidders must submit ₹2 million (~$24,391.7) as an earnest money deposit.</p>
<p>The select bidder is required to furnish a performance bank guarantee equivalent to 10% of the allotted contract price within twenty-eight days.</p>
<p>The developers must commission the project within 3.5 months of receiving the letter of award.</p>
<p>The project will be developed on the government-allotted 11 acres of land in the IIM-Bodh Gaya premises.</p>
<p>All bidders interested in participating in this tender are required to conduct a site survey.</p>
<p>The developer must ensure a minimum capacity utilization factor (CUF) of 21% for the first year after final commissioning and at a reducing rate of 0.7% per year for subsequent years.</p>
<p>The technical criteria are not applicable for this tender as bids are invited from eligible bidders enlisted under the &#8220;Enlistment of EPC bidders for the development of ground mounted/floating solar photovoltaic power projects below 10 MW capacity of NVVN”.</p>
<p>The bidder&#8217;s average annual turnover for the preceding three financial years must be at least ₹142.58 million (~$1.7 million).</p>
<p>The net worth of the bidder, as of the last day of the preceding financial year, should be equal to or greater than 100% of the bidder&#8217;s paid-up share capital.</p>
<p>Earlier this month, NTPC Renewable Energy, another wholly-owned subsidiary of NTPC, <a href="https://www.mercomindia.com/ntpc-reissues-tender-bess-solar-projects-in-gujarat" target="_blank" rel="noopener">reissued</a> the tender to supply battery energy storage systems (BESS) for solar power projects at the Khavda Renewable Energy Park in the Kutch region of Gujarat. The tender was previously issued in November last year.</p>
<p>In April this year, NTPC Renewable Energy <a href="https://www.mercomindia.com/ntpc-bids-largest-energy-storage-project-9000-mwh" target="_blank" rel="noopener">invited</a> bids for interstate transmission system (ISTS)-connected energy storage projects of 9,000 MWh capacity with a minimum of 1,500 MW capacity to be installed anywhere in India.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> for timely updates on all solar tenders issued by various agencies in India.</p>


NTPC Subsidiary Invites Bids to Develop 1.5 MW Solar Project at IIM Bodh Gaya

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