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NTPC REL Invites Bids for 900 MW Solar Power Project in Neemuch, Madhya Pradesh

NTPC REL intends to finance the project through its own resources/borrowings.

May 04, 2024. By Abha Rustagi

NTPC Renewable Energy Limited (NTPC REL) has announced the commencement of online bidding for the development of a 900 MW ISTS connected Solar Power Project in the Neemuch region of Madhya Pradesh. 

The bidding process, conducted in a Single Stage Two Envelope format, comprises Techno-Commercial Bid (Envelope-I) and Price Bid (Envelope-II).

The scope of work includes various land-related tasks essential for the project's development. This involves arranging contiguous land on a freehold/leasehold basis near the Neemuch ISTS substation, with a lease period of a minimum of 29 years and 11 months. The bidder is responsible for developing approach roads, conducting topography surveys, tree cutting, providing water supply, geotech investigation, and fencing of the offered land, among other tasks.

NTPC REL intends to finance the project through its own resources/borrowings. Detailed specifications, scope of work, and terms and conditions are available for examination and downloading on the e-tender portal.

Prospective bidders can download the bidding documents from May 9, 2024, to May 23, 2024, until 17:00 Hrs (IST). A Pre-Bid Conference will be held on May 27, 2024, which is also the last date for receipt of queries from prospective bidders. 

The deadline for submitting bids, comprising both Techno-Commercial and Price Bids, is June 10, 2024, by 15:00:00 (IST). The opening of the Techno-Commercial Bid will take place on the same day at 15:30:00 (IST). The cost of bidding documents is set at INR 22,500/-.

Qualifying requirements for bidders include technical criteria and financial turnover. Bidders should have executed works for grid-connected Solar PV Projects/Solar Parks or Wind Projects/Wind Parks, with a cumulative capacity of 100MW or higher. 

Additionally, the bidder's average annual turnover should meet the specified financial figures for the preceding five financial years. For a total quoted capacity between 50 MW to 300 MW, the minimum financial figure is INR 12.57 crores. For a total quoted capacity exceeding 300 MW, the financial requirement is INR 4.19 lakhs per MW.

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