TCIL Invites Bids for 23 MW Solar Project for Western Coalfields

Telecommunications Consultants India (TCIL) has invited expressions of interest to select consortium partners to commission a 23 MW grid-connected solar power project for Western Coalfields in Nagpur, Maharashtra.

Selected bidders must oversee the project’s operation and maintenance for ten years.

The last day to submit the bids is June 21, 2024. Bids will be opened on the same day.

Bidders must submit an Earnest Money Deposit (EMD) of ₹5 million (~$59,868). An EMD of ₹500,000 (~$5,986) must be paid by bidders along with the bid submission, and the balance should be paid if selected.

Selected bidders must provide an undertaking to submit a Performance Security Guarantee (PBG) that matches the one submitted by TCIL to the end client. The PBG should equal at least 5% of the contract value if the contract is awarded to TCIL. In addition to this, retention money at 5% on each running bill will be deducted by the end client.

Bidders must have completed three similar works totaling at least 20% of the estimated project cost, two comparable projects totaling at least 25% of the estimated project cost, or one comparable project totaling at least 40% of the estimated project cost during the last seven years.

They should submit manufacturer’s authorization certificates from original equipment manufacturers. In case of unavailability at the bidding time, bidders should submit an undertaking stating that the same will be submitted before the opening of the financial bid.

Bidders must have an average annual financial turnover of ₹297.8 million (~$3.6 million) during the last three financial years. For startups, the financial turnover must be ₹248.2 million (~$2.9 million).

Their net worth as of the previous financial year must be positive. Bidders should be profitable before tax in two of the last three financial years.

In October, TCIL invited bids for the development of solar power projects of 20 MW at Muscat International Airport and 6 MW at Salalah Airport in Oman on an asset lease basis for a fixed tenure.

Subscribe to Mercom’s India Solar Tender Tracker to stay on top of the real-time tender activity.


Go to Source
Author:

Share: Facebook Twitter Linkedin
Translate »