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NTPC REL Calls for Bids to Develop 2000 MW Solar PV Projects in Barmer, Rajasthan

Interested bidders can access the documents within the specified period, with the last date for receipt of queries set for March 12, 2024.

February 27, 2024. By Abha Rustagi

NTPC Renewable Energy Limited (NTPC REL) has announced the invitation for online bids from eligible bidders to undertake the development of 2000 MW ISTS Connected Solar PV Projects in Barmer, Rajasthan.

The bidding process will follow a Single Stage Two Envelope system, comprising Envelope-I: Techno-Commercial Bid and Envelope-II: Price Bid, focusing on the Land and Power Evacuation Package.

The scope of work includes various land-related tasks such as arranging government or private land on a freehold/leasehold basis near the Barmer ISTS substation, establishing necessary approach roads, conducting topography surveys, geotech investigations, and fencing of the offered land. The lease period for the land is set to a minimum of 29 years and 11 months, with government land not exceeding 10 percent of the total land area.

Detailed specifications, scope of work, and terms and conditions are outlined in the bidding documents, available for examination and downloading from the e-tender portal. Interested bidders can access the documents within the specified period, with the last date for receipt of queries set for March 12, 2024.

The deadline for submitting bids, comprising both the Techno-Commercial Bid and Price Bid, is March 28, 2024, at 15:00 IST. The opening of the Techno-Commercial Bid will follow immediately after, at 15:30 IST on the same day. Bidders are required to pay INR 22,500 as the cost of the bidding documents.

Qualifying requirements for bidders include technical criteria and financial thresholds. Bidders must have executed works for grid-connected Solar PV Projects/Solar Parks or Wind Projects/Wind Parks, with a cumulative capacity of 100 MW or higher, among other technical qualifications. Financially, the bidder's average annual turnover for any three out of the preceding five financial years must meet the specified figures.

For projects with a total quoted capacity between 50 MW to 300 MW, the bidder's average annual turnover for any three out of the preceding five financial years must be at least INR 13.25 crores.

For projects with a total quoted capacity exceeding 300 MW, the financial requirement is calculated at INR 4.42 Lakhs per MW of total quoted capacity. For example, if the total quoted capacity is 400 MW, the minimum average annual turnover requirement would be INR 1,768 crores.

In cases where bidders do not meet the annual turnover criteria, their Holding Company may be required to fulfill the stipulated requirements, provided certain financial conditions are met. This includes the submission of a Letter of Undertaking from the Holding Company, pledging financial support for the execution of the contract in case of an award.

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NTPC Renewable Energy Limited