The deadline for bid submissions is January 24, 2025, with the bid opening scheduled for January 25. Bidders must submit an earnest money deposit of Rs 870,000 per MW and a tender fee of Rs 5,000.

The successful bidders will be responsible for the entire process, including net metering, and must provide comprehensive operation and maintenance (O&M) services for 25 years. The expected cost of the project is Rs 43.5 million per MW.

Bidders must submit proposals for a minimum capacity of 5 MW, with the minimum bid capacity per district also set at 5 MW. Capacity allocation across districts must be specified, with per MW rates for each district. REIL reserves the right to invite the lowest bidder (L1) from another district if no bids are received for a particular area, and the L1 bidder must accept the allocation.

Payment terms for the project are structured as follows:

Bidders must have experience in designing, supplying, installing, testing, and commissioning grid-connected solar projects. They must have completed at least one project with a minimum capacity of 5 kW and a cumulative capacity equal to or greater than 10% of the quoted capacity in the last seven years. Bidders must also meet financial requirements, including a minimum net worth of Rs 6 million per MW and a minimum average annual turnover of Rs 10 million per MW over the last three financial years.

In April 2024, REIL invited bids for the supply of 200,000 Mono PERC solar cells with a 5.50Wp power output.

(Mercom)