DVC invites bids for 12 MW solar project in Jharkhand
POWER & RENEWABLE ENERGY

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.

Image Source

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. Image Source

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?