TANGEDCO Seeks Consultants to Verify Captive Solar and Wind Projects
The last date to submit the bids is March 03, 2021
The Tamil Nadu Transmission and Generation Corporation Limited (TANGEDCO) has invited bids for consultancy services to verify captive projects for the financial years (FY) 2014-15 to 2019-20 in the Coimbatore region. The tender is applicable for wind and solar energy generators having multiple captive users (other than the top 30 generators).
The last date to submit the bids is March 03, 2021. Bids will be opened on March 04.
Bidders will have to submit an amount of ₹17,600 (~$242.56) as the earnest money deposit. The successful bidder will have to submit 5% of the contract value as the performance security deposit.
Bidders should have at least five full-time partners associated with the firm for not less than three years and should be members of the Institute of Chartered Accountants of India. Firms should have been in existence for a minimum of five years and should have five fully-qualified chartered accountants as employees.
The work has to be carried out in the Coimbatore region. For coordination with TANGEDCO, teams will be required to attend meetings at Coimbatore and Chennai.
Selected bidders should prepare a report confirming or rejecting the captive project’s status of the generator, highlighting the reason for such confirmation or rejection. The report should be furnished for each financial year separately. The period for which the work is to be carried out by the bidder is for six financial years in respect of each of the generating projects from the FY 2014-15 to 2019-20.
The captive users’ consumption or proportional consumption should also be calculated concerning the energy generated and consumed by the captive users during each financial year.
The contract period is 90 days from the date of award of work.
The total installed capacity in the open access market as of December 2020 stood at almost 4 GW, with a project development pipeline of over 1 GW, according to Mercom India Research’s newly updated report, Open Access Solar Market in the India-Key States.
Mercom’s data showed that Karnataka was still the largest market for open access transactions cumulatively as of December 2020. Tamil Nadu and Gujarat were the latest inclusions in the report.