BHEL seeks bids for 300 MW floating solar project in Odisha
POWER & RENEWABLE ENERGY

BHEL seeks bids for 300 MW floating solar project in Odisha

Bharat Heavy Electricals (BHEL) has announced that they are inviting bids for the design, supply, and assembly of a floating system, along with the necessary anchoring and mooring components. This is for a 300 MW floating solar power project situated at the Rengali Reservoir in Angul district, Odisha.

It has been stated that the final date for the submission of bids will be September 4, 2023. Furthermore, it has been mentioned that the bids will be opened on the same day.

The ownership of the Rengali reservoir rests with the Water Resources Department of the Odisha Government. This reservoir is positioned in an area that is linked to National Highway NH55 through State Highway SH63 (at Bhudapal) in Angul district.

All bidders have been given a directive that they must offer a five-year operation and maintenance (O&M) service. This will be followed by an additional five-year annual maintenance contract once the O&M period is completed.

In the initial year of the O&M period, the minimum assured annual generation at the metering point is specified to be 558 million units (MUs).

It is to be noted that the submission of an Earnest Money Deposit (EMD) is not a requirement for this tender.

The bidders who achieve success in this process are obligated to provide a performance bank guarantee (PBG). This PBG should be equivalent to 3% of the total contract amount.

All bidders are being encouraged to visit the project site. The purpose of this visit is to gather comprehensive information regarding the existing conditions both within and around the project premises.

As a part of this, the bidders should ensure that they understand all the legal, obligatory, and mandatory requirements that have been outlined by different authorities. This understanding should be in place before the bidders start the preparation and submission of their proposal.

Also read: 
ADB funds Rs 1.2 billion loan for Fourth Partner Energy
Kerala power minister adopts alternative smart metre model

Bharat Heavy Electricals (BHEL) has announced that they are inviting bids for the design, supply, and assembly of a floating system, along with the necessary anchoring and mooring components. This is for a 300 MW floating solar power project situated at the Rengali Reservoir in Angul district, Odisha. It has been stated that the final date for the submission of bids will be September 4, 2023. Furthermore, it has been mentioned that the bids will be opened on the same day. The ownership of the Rengali reservoir rests with the Water Resources Department of the Odisha Government. This reservoir is positioned in an area that is linked to National Highway NH55 through State Highway SH63 (at Bhudapal) in Angul district. All bidders have been given a directive that they must offer a five-year operation and maintenance (O&M) service. This will be followed by an additional five-year annual maintenance contract once the O&M period is completed. In the initial year of the O&M period, the minimum assured annual generation at the metering point is specified to be 558 million units (MUs). It is to be noted that the submission of an Earnest Money Deposit (EMD) is not a requirement for this tender. The bidders who achieve success in this process are obligated to provide a performance bank guarantee (PBG). This PBG should be equivalent to 3% of the total contract amount. All bidders are being encouraged to visit the project site. The purpose of this visit is to gather comprehensive information regarding the existing conditions both within and around the project premises. As a part of this, the bidders should ensure that they understand all the legal, obligatory, and mandatory requirements that have been outlined by different authorities. This understanding should be in place before the bidders start the preparation and submission of their proposal. Also read:  ADB funds Rs 1.2 billion loan for Fourth Partner Energy Kerala power minister adopts alternative smart metre model

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement