EESL floats tender for supplying 300 ABT meters
Convergence Energy Services (CESL), a fully-owned subsidiary of Energy Efficiency Services (EESL), has invited tenders for the supply and installation of 300 availability-based tariff (ABT) meters for monitoring the decentralised solar projects in Maharashtra.
The work includes the designing, engineering, manufacturing, assembly, inspection, testing, and commissioning of the ABT meters with the terminal modems, establishing automatic meter reading data, and creating IT-based solutions for remote monitoring of the decentralised solar projects of capacity between 0.3 MW to 10 MW. Five years of maintenance activities will be taken care of by the successful bidder.
The ABT is a pricing mechanism for unscheduled power transactions. It falls under the electricity market mechanism to charge and regulate the power to achieve network stability for long-term and short-term periods.
The deadline to submit the bids online is 24 June, and the bids will be opened on the same day. The pre-bid meeting will be held on 15 June.
The winning bidder will have to furnish 10% of the contract value as the performance security deposit within 28 days, starting from the date of receiving the award letter.
According to the bidding document, the project should be completed within five months from the date of issuance of the award letter.
To participate in the bidding, the bidder should be a manufacturer of ABT meters or a system integrator for providing control, monitoring, and reporting system, or the interested bidder should be a system integrator of ABT meters with terminal modems to create IT-based solutions for decentralised solar power projects.
The interested bidder should have completed a similar work of Rs 23 million, or two works of Rs 14.4 million each, or three works of Rs 11.5 million each.
The average annual turnover of the bidder should be at least Rs 7.1 million for the last three FYs and should have a profitable last FY. The net worth should not be less than 100% of the paid-up share capital.
Further, the bidding document mentions that the interested bidder should not have been blacklisted by central or state agencies.
If the execution of the order goes beyond the stipulated time, CESL will recover the amount from the bidder, which will be equal to 0.5% of the value of delayed equipment installation for each delayed week to a maximum of 5% of the total contract value.
- Energy Efficiency Services Limited (EESL)
- Convergence Energy Services Limited (CESL)
- Invited bids
- Availability-based tariff (ABT) meters
- Decentralised solar projects
- Electricity market mechanisms
- Network stability
- Performance security deposit
- Letter of Award
- IT-based solutions
- Solar power