Public Sector

NTPC Reduces EPC Solar Tender Capacity to 500 MW

NTPC Reduces EPC Solar Tender Capacity to 500 MW

NTPC Reduces EPC Solar Tender Capacity to 500 MW, Limits Project Location to Gujarat

NTPC Reduces EPC Solar Tender Capacity to 500 MW, Limits Project Location to Gujarat – The package for 600 MW of solar projects within the country has now been reduced to 500 MW of solar projects in Gujarat as NTPC Limited has revised its previous tender for an engineering, procurement, & construction (EPC).

NTPC had originally floated the project in May. It invited bids for an EPC package and land to develop solar projects up to 600 MW capacity of currently connected solar projects that were initially to be developed anywhere in India.

According to the company’s corrigendum, the scope of labor will now include the planning, engineering, manufacturing, supplying, installation, and commissioning of the project in Gujarat. Previously, the scope included the entire EPC works required to develop the project and therefore the power evacuation system up to the closest ISTS substation.

When Mercom reached bent NTPC to seek out out the explanations that led to those changes, the official declined to comment.

Individual project sizes must be a minimum of 50 MW or higher and must be quoted in multiples of 10 MW. one bidder can quote a maximum of 300 MW of projects after the last date for submitting bids was also revised to November 24, 2020, from June 22, 2020, previously.

Interested bidders are expected to pay a bid security amount of ₹20 mn ($268,897) for projects up to 50 MW, ₹50 mn ($268,897) for projects between 120 MW and 220 MW, and ₹200 mn ($2.7 million) for projects, between 60 MW and 110 MW, ₹100 mn ($1.3 million) for projects & between 230 MW and 300 MW in size.

Selected bidders are expected to supply three years of operation and maintenance services for the solar project, including the switchyard and power evacuation system up to the interconnecting state transmission utility’s substation.

Bidders must have previously executed projects with an identical scope of labor for a minimum of 40 MW of projects cumulatively. a minimum of one among these projects must are 10 MW or higher and will are operational for a minimum of the last six months. Solar project developers who meet these criteria also are allowed to put bids.

Many industrial projects as a developer or EPC contractor and alternatively, applicants with experience executing within the areas of power, steel, coal mining, coal handling, oil and gas, petrochemical, fertilizer, cement, or the other process industry with a complete value of a minimum of ₹2.1 billion (~$28.2 million) within the last ten years also are allowed to use.

The average annual turnover requirements remained unchanged. Bidders must have made a minimum of ₹2.1 billion (~$28.2 million) per annum within the last three years, after NTPC has 875 MW of projects commissioned and about 2.3 GW under development pipeline, as of June 2020 after NTPC has 875 MW of projects commissioned and about 2.3 GW under development pipeline, as of June 2020.

NTPC has also issued tenders for 14.6 GW of large-scale power projects, consistent with Mercom India Tender Tracker.

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