- The selected bidders must sign a 25-year power purchase agreement (PPA) with BHEL
- The tender has specified that the bidders must submit an earnest money deposit of Rs 3 million
Bharat Heavy Electricals (BHEL) has announced a tender to set up a 5 MW ground-mounted solar power project at its Ranipur facility in Haridwar.
The work will be included on the basis of the development, construction, synchronisation, commissioning, operation, and maintenance. Additionally, it involves establishing the evacuation network up to the BHEL substation.
The selected bidders must sign a 25-year power purchase agreement (PPA) with BHEL. The last date for bid submission is February 6, 2024, with the opening of bids scheduled for the same day.
The tender has specified that the bidders must submit an earnest money deposit of Rs 3 million. The selected bidder must submit a performance bank guarantee (PBG) of Rs 12.85 million before signing the PPA or within 21 days of receiving the letter of intent, whichever occurs first.
The project has to be assigned within six months from the effective PPA date, with no provision for partial commissioning.
A delay in commissioning up to one month would lead to the encashment of a partial PBG of Rs 3 million, calculated proportionally per day. For delays extending beyond one month and up to three months, the remaining PBG of Rs 9.85 million would be encashed.
Bidders had to demonstrate a track record of established ground-mounted solar power projects, each with a minimum capacity of 2.5 MW. Individual projects should have had capacities of no less than 1 MW. Additionally, bidders were required to show their experience managing and maintaining solar projects with a 2.5 MW capacity over the past seven financial years. These solar projects should have been commissioned and operational for at least one year.