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Damodar Valley Corporation Invites Bids for 234 MW Floating Solar Project in Jharkhand
Damodar Valley Corporation (DVC) has issued a tender for a 234 MW(AC) grid-connected floating solar PV plant at DVC’s Maithon Dam Reservoir in Jharkhand. Bid submission ends on January 7, 2025.
December 03, 2024. By Mrinmoy Dey
Damodar Valley Corporation (DVC) has floated a tender for the design, engineering, supply, construction, erection, testing, and commissioning of 234 MW(AC) grid-tied floating solar PV (FSPV) plant on DVC’s Maithon Dam Reservoir at Maithon in Jharkhand.
Selected bidders also need to offer 10 years of comprehensive operation and maintenance.
Bidders need to pay INR 35,000 as a tender fee. Further, they need to submit INR 10.20 crore as an earnest money deposit (EMD).
The last date for submission of bids is January 7, 2025. Techno-commercial bids will be opened on January 8, 2025.
The Bidder should have designed, supplied, erected/supervised erection and commissioned/supervised commissioning of ground/floating solar PV-based grid-connected power plant(s) of cumulative installed capacity of 100 MW (AC) or higher, out of which at least 2 plants should have been of 10 MW (AC) or higher capacity.
The reference plants of 10 MW (AC) or higher capacity must have been in successful operation for at least 6 months prior to the last date of submission of bid.
Alternatively, the bidder should be a developer of ground/floating solar PV-based grid-connected power plant(s) of cumulative installed capacity of 100 MW (AC) or higher, out of which at least 2 plants should have been of 10 MW (AC) or higher capacity. The reference plants of 10 MW (AC) or higher capacity must have been in successful operation for at least 6 months prior to the last date of submission of bid.
The reference ground mounted/floating SPV-based grid-connected power plants of 10 MW (AC) or higher capacity should be a single plant at a single location developed by the bidder for itself or any other client.
The tender document further specifies that only ground-mounted/floating solar PV projects, which are grid-connected, shall be considered eligible for QR purposes.
As for financial eligibility, net working capital should be considered for the last financial year or access to credit facilities (only fund-based unutilised portion) on the date of NIT, issued from a scheduled commercial bank shall not be less than INR 170.16 crore.
The average annual turnover of the bidder for the last 3 financial years shall not be less than INR 408.38 crore.
The net worth of the bidder as on the last day of the preceding financial year from the date of NIT shall not be less than 100 percent of the paid-up share capital.
Selected bidders also need to offer 10 years of comprehensive operation and maintenance.
Bidders need to pay INR 35,000 as a tender fee. Further, they need to submit INR 10.20 crore as an earnest money deposit (EMD).
The last date for submission of bids is January 7, 2025. Techno-commercial bids will be opened on January 8, 2025.
The Bidder should have designed, supplied, erected/supervised erection and commissioned/supervised commissioning of ground/floating solar PV-based grid-connected power plant(s) of cumulative installed capacity of 100 MW (AC) or higher, out of which at least 2 plants should have been of 10 MW (AC) or higher capacity.
The reference plants of 10 MW (AC) or higher capacity must have been in successful operation for at least 6 months prior to the last date of submission of bid.
Alternatively, the bidder should be a developer of ground/floating solar PV-based grid-connected power plant(s) of cumulative installed capacity of 100 MW (AC) or higher, out of which at least 2 plants should have been of 10 MW (AC) or higher capacity. The reference plants of 10 MW (AC) or higher capacity must have been in successful operation for at least 6 months prior to the last date of submission of bid.
The reference ground mounted/floating SPV-based grid-connected power plants of 10 MW (AC) or higher capacity should be a single plant at a single location developed by the bidder for itself or any other client.
The tender document further specifies that only ground-mounted/floating solar PV projects, which are grid-connected, shall be considered eligible for QR purposes.
As for financial eligibility, net working capital should be considered for the last financial year or access to credit facilities (only fund-based unutilised portion) on the date of NIT, issued from a scheduled commercial bank shall not be less than INR 170.16 crore.
The average annual turnover of the bidder for the last 3 financial years shall not be less than INR 408.38 crore.
The net worth of the bidder as on the last day of the preceding financial year from the date of NIT shall not be less than 100 percent of the paid-up share capital.
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