DVC invites bids for 12 MW solar project in Jharkhand

Damodar Valley Corporation (DVC) has floated an engineering, procurement, and construction (EPC) tender to set up a 12 MW grid-connected ground-mounted solar power project at the Koderma Thermal Power Station in Jharkhand.

The cost estimate for this project is Rs 528.68 crores and February 28, 2022, is the last date to submit the bids. The opening would be on March 1, 2022. The cost estimate for this project is Rs 528.68 crores.

The bids are invited from engineering, procurement, and construction (EPC) contractors, and the successful winner would be responsible for operation and maintenance (O&M) activities for five years.

The bidders interested would have to submit Rs 5.826 million as an earnest money deposit.

To participate in the bidding procedure, the bidder should either be a developer of grid-connected solar power projects with a whole capacity of 12 MW or more, including at least one project with a power of 3 MW or should have constructed, supplied, developed, and commissioned solar projects.

The reference project must have been successfully active for at least six months before the bid deadline and set up at a single site by the bidder.

The networking capital or access to credit facilities should not be less than Rs 776.91 crore before the bid submission date.The net value of the bidder on the last day before the fiscal year should be equal to or over 100% of the paid-up share capital.

The contractor has to complete the project within nine months after receiving the award notice. If they fail, they need to pay Rs 33,526 per day per MW for each day of delay until the entire project is finished and subject to at least 5% of the total contract worth.

The minimum local content for a ‘Class-I Local Supplier' must be nearly 50%, and for ‘Class-II Local Supplier’, it should be at least 20%.

DVC revealed that they would choose the 'Make in India' scheme, which would increase the manufacture of services and products in the country to boost revenue and employment.

According to media sources, DVC has issued tenders for 50.2 MW of solar power projects till now.

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