NTPC Ltd has invited online bids for the selection of solar power developers for setting up 1200 MW solar PV power projects anywhere in India.
NTPC Ltd has invited online bids from eligible bidders for the selection of solar power developers for setting up 1200 MW ISTS-Connected solar PV power projects anywhere in India.
The last date for submission of bids is March 19, 2020, and the techno-commercial bids will be opened on the same date. The date and time of opening of the price bids and the e-reverse auction will be intimated separately by NTPC to the technically selected bidders.
A pre-bid meeting has been scheduled for March 6, 2020, to address the concerns raised by the prospective bidders. And All bids must be accompanied by Earnest Money Deposit for an amount calculated at the rate of Rs 400,000 per MW of quoted bid capacity and in the form as stipulated in the RfS Documents.
The Request for Selection (RfS) for the tender will be available for download from February 20, 2020.
For more information click here.
In January, we had reported that NTPC had concluded the e-reverse auction for its 1,000 MW of solar projects tender under the Develop Build Demonstrate (DBDT) program, awarding 560 MW capacity to three bidders. According to industry sources, the 1,000 MW solar tender had been undersubscribed, receiving bids for only 700 MW. As the tender had been undersubscribed, only 80 percent or 560 MW of the bid capacity was awarded out of the 1,000 MW tender.
The three bidders that were awarded projects under the tender are Tata Power Solar which won 300 MW capacity after submitting the lowest bid with an EPC quote of Rs 1.925 crore, Jakson Limited was awarded 110 MW and Larsen & Toubro Limited (L&T) was awarded 150 MW project capacity under the tender after submitting a proposal for 300 MW capacity.
More recently, the Solar Energy Corporation of India (SECI) has reported a list of nine bidders who have submitted prospective bids against the nodal agencies 1.2 GW solar tender (ISTS-VIII) which was issued in January.
The nine firms that have submitted bids are ReNew Power, Softbank, Avaada, O2 Power, Brookefield, Eden, Tata, Ayana, and IB Solar, with total proposals submitted for 3.5 GW. ReNew Power and Softbank-backed SB Energy submitted the biggest bids at 600 MW each, behind them Avaada submitted a lone bid for 500 MW. The remaining six bidders each submitted bids for 300 MW capacity each.