NVVN invites bids for 6 MW grid-connected solar power project
POWER & RENEWABLE ENERGY

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

At the Cement Corporation of India's [CCI] Tandur facility in Telangana, NTPC Vidyut Vyapar Nigam [NVVN], a wholly-owned subsidiary of NTPC, has issued an invitation for bids to install 6 MW of grid-connected solar power projects.

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


At the Cement Corporation of India's [CCI] Tandur facility in Telangana, NTPC Vidyut Vyapar Nigam [NVVN], a wholly-owned subsidiary of NTPC, has issued an invitation for bids to install 6 MW of grid-connected solar power projects. 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

Next Story
Building Material

JK Lakshmi Cement posts Rs 190.24 mn loss in Q2; revenue dips 2.2%

JK Lakshmi Cement reported a consolidated net loss of Rs 190.24 million for the second quarter ending September 30, 2024, attributing the downturn to a drop in sales realisation. This was a significant change from the previous year when the company recorded a profit of Rs 950.87 million during the same period, as indicated by JK Lakshmi Cement (JKCL), the flagship company of JK Organisation. Revenue from operations for the September quarter decreased by 2.16 per cent to Rs 12.34 billion, compared to Rs 15.74 billion in the year-ago period. Additionally, JKCL's total expenses were slightly low..

Next Story
Infrastructure Energy

Epsilon partners with S Korean firm for high-capacity Li-ion batteries

Battery material manufacturer Epsilon Advanced Materials announced that it has partnered with South Korean firm Daejoo to develop a Silicon-Graphite composite aimed at enhancing the discharge capacity of lithium-ion batteries. Under this joint initiative, the two companies have set an ambitious goal to create materials for lithium-ion batteries with a capacity of 450 - 600 mAh/g, targeting a 50 per cent increase in discharge capacity and a life span extended by thousands of cycles, according to Epsilon. As part of this collaboration, Epsilon will supply synthetic Graphite to be utilised in..

Next Story
Infrastructure Transport

Govt plans next phase of airport privatisation in 2025-26 Budget

The central government is preparing to initiate the next phase of airport privatisation and development under the public-private partnerships (PPP) model following the 2025-26 Budget, as per information from three officials familiar with the plans. According to a senior official from the Ministry of Civil Aviation, the cabinet note outlining the next phase of airport privatisation is nearly finalised and will be presented to the Ministry of Finance next week, before being forwarded for Cabinet approval. The official further indicated that the central government is keen to begin this process ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000