NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Limited, has invited bids for the development of a 240 megawatt (MW) grid-connected solar photovoltaic project near Devikot in Rajasthan. The project will be awarded through a domestic competitive bidding process using a single-stage, two-envelope system. The tender will conclude with a reverse auction to select the contractor.

The selected engineering, procurement and construction contractor will deliver the plant and will undertake design, engineering, manufacturing, supply, installation, testing and commissioning. The scope includes site grading, tracker-based module mounting structures, internal roads, drainage, module cleaning systems, SCADA infrastructure and CCTV perimeter surveillance. The contractor must provide electrical connectivity up to the 33 kV pooling substation and offer operation and maintenance for three years.

NREL intends to finance the project from internal resources and borrowings and has set firm procurement dates. Bidding documents will be available for download and examination from three to 12 June 2026 until five pm IST, and interested parties may submit technical and commercial queries ahead of a pre-bid conference on 15 June 2026. The deadline for submission of both the Techno-Commercial and Price Bids is 26 June 2026 at two pm IST, with opening scheduled later the same day.

Bidders must submit an Earnest Money Deposit or bid security of Rs 100 million (100 mn) separately or by electronic fund transfer with valid proof of payment, and any bid submitted without the required security will be treated as non-responsive and rejected. Technical eligibility requires successful engineering and commissioning of grid-connected solar projects totalling at least 40 megawatt peak (MWp), including one project of 10 MWp or more that has been operational for six months. Alternatively, developers or EPC contractors that have executed a large industrial project worth at least Rs 1.7 billion (1.7 bn) together with a 33 kV substation within the last 10 years may also qualify.

On the financial side bidders must have achieved an average annual turnover of at least Rs 1.7 billion (1.7 bn) during the previous three financial years, and their net worth must be equal to or greater than 100 per cent of their paid-up share capital. Interested participants are required to register on the ETS portal, sign a mandatory non-disclosure agreement and comply with applicable government guidelines concerning entities from countries that share land borders with India.