+
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
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?