NVVN invites bids for 6 MW grid-connected solar power project

After the successful completion of the trial run, the winning bidder will also be responsible for the project's operation and maintenance (O&M) for three years as well as the yearly repair of essential equipment for 10 years.

A grid-connected solar power project's scope of work comprises feasibility analysis, design, engineering, supply, construction, erection, testing, and commissioning, as well as the power evacuation system up to the CCI substation for the designated capacity.

The deadline for submitting online bids is July 10, 2023. The following day, the bids will be opened.

Bidders are required to submit an earnest money deposit of Rs 5 million ($61,016). Within 28 days of receiving the award notification, the winning bidder must provide a bank guarantee for performance equal to 10% of the contract price.

After the grant notification is issued, the project must be finished within six months.

The yearly revenue of bidders must have been at least Rs 347 million ($4.56 million) during the previous three fiscal years in order to be eligible. If the bidder cannot meet the above-mentioned average annual turnover criteria on its own, its holding company will be required to do so, provided that the holding company's net worth as of the last day of the previous fiscal year was at least equal to or greater than the paid-up share capital of the holding company.

The bidders' net worth must equal at least 100% of their paid-up share capital as of the last day of the preceding financial year.

Any bidder who is registered with the appropriate government and is from a nation that borders India on land may submit a bid in this procurement.

Class I local suppliers will be given preference over Class II local suppliers, as well as non-suppliers, according to NVVN. A supplier must have at least 50% local content to be classified as a Class-I local supplier. The minimum local content criterion for class-II local suppliers is 20%.

The contractor will be responsible for paying liquidated damages in the amount of 0.5% of the contract value every week of delay, up to a maximum of 5% of the total contract price, if the project is not finished within six months.

The Ministry of New and Renewable Energy's Approved List of Models and Manufacturers (ALMM), which has been approved by NVVN, must be used to source the solar modules for the project.

See also:
SECI invites bids for Solar Power Projects in Chhattisgarh, Jharkhand
Waaree Renewable Technologies secures EPC contract for solar projects