Jindal Power Invites Bids for 150 MW Mono PERC Modules for Solar Projects

Jindal Power has invited bids for 150 MW of MONO PERC solar modules for installing solar projects in various locations across infrastructure owned by Jindal Power in Odisha and Chhattisgarh.

The last date for submitting the online bid is November 15, 2022, and bids will be opened on the same day.

This Jindal Power 150 MW solar modules tender includes the scope of work in manufacturing, testing, packing, supply, and transportation of monocrystalline passivated emitter and rear contact (PERC) modules.

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The modules from this 150 MW solar tender would be used to build solar projects in Chhattisgarh and Odisha totaling 105 MW and 45 MW, respectively.

Within 7 days of the letter of the award being issued, each interested bidder will be required to deposit 10% of the engineering, procurement, and construction (EPC) value as a performance bank guarantee as a bid document fee. The awarded bidder will have to submit 10% of EPC value as an O&M bank guarantee. 

In addition to the granted solar module capacity, the provider must also provide 0.4% of that capacity as required spares. Bidders must have prior experience producing solar modules for orders that totaled at least Rs 375 crore in the previous financial year.

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Bidders must have produced enough solar modules overall to power at least 500 MW of solar installations. Additionally, they should be able to produce 500 MW of modules annually at the very least. The Ministry of New and Renewable Energy’s ALMM list, which is continuously updated, must be used when purchasing solar panels.

The modules must be guaranteed against any material or manufacturing flaws as well as workmanship for at least 10 years. The provider is required to deliver mono PERC solar modules with an output of no more than 530Wp. 

Solar modules’ efficiencies must be greater than or equal to 19.5%. If the commissioning of the goods is delayed, the contractor will be responsible for paying liquidated damages at a rate of 0.5% of the contract price for each week that the delay has lasted in full or in part, up to a maximum of 5% of the contract price.

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Average annual financial turnover during the last 3 years, ending 31st March of the previous financial year, should be at least 375 crores from the last three financial years ending on 31.03.2021 based on audited annual accounts. 

The net worth of the bidder during the last Financial Year shall be positive, wherein the net worth shall be calculated as follows:

Net Worth = (Equity + Reserves) – (Revaluation reserves+ intangible assets + miscellaneous expenses to the extent not written off + carried forward losses)

Bidders can view/download this Jindal Power has invited bids for 150 MW of MONO PERC solar modules tender documents and technical specifications here.