+
EESL welcomes tenders for 2 GW single-phase solar inverters
POWER & RENEWABLE ENERGY

EESL welcomes tenders for 2 GW single-phase solar inverters

Energy Efficiency Services (EESL) has issued tenders inviting bids for an annual contract to supply 2,000 MW of single-phase solar inverters across India. The last date for bid submission is August 5, 2024.

Bidders must submit a Rs 25,000 fee for the bidding document and provide an earnest money deposit as follows: - Package I: Rs 71 million - Package II: Rs 73.6 million - Package III: Rs 47.3 million - Package IV: Rs 63.1 million - Package V: Rs 42 million

The successful bidder must furnish 10% of the contract price as a performance bank guarantee. Only single entities can bid; joint ventures or consortiums are not allowed. Participation is limited to Class-I local suppliers with at least 50% local content.

Eligibility criteria:

- Manufacturing experience: Bidders must have produced and supplied the following quantities of solar inverters (1 kW and above) in the last three years: - Package I (North Region): 27,390 units - Package II (West Region): 28,531 units - Package III (South Region): 18,260 units - Package IV (East Region): 23,966 units - Package V (North East Region): 15,978 units

If bidding for multiple packages, the experience requirement is the cumulative sum of the units for each quoted package. For example, bidding for Packages I and II would require a total of 55,921 units (27,390 + 28,531).

- Financial requirements: Bidders must have an average annual turnover over the last three financial years of at least: - Package I (North Region): Rs 532.8 million - Package II (West Region): Rs 552 million - Package III (South Region): Rs 354.5 million - Package IV (East Region): Rs 473 million - Package V (North East Region): Rs 315.3 million

If participating in multiple packages, the turnover requirement is the cumulative sum for all quoted packages.

- Liquid assets or credit facilities: Bidders must have liquid assets or access to credit facilities of at least: - Package I (North Region): Rs 444 million - Package II (West Region): Rs 460 million - Package III (South Region): Rs 295.4 million - Package IV (East Region): Rs 394.1 million - Package V (North East Region): Rs 262.8 million

The liquid asset requirement for multiple packages is the cumulative sum for all quoted packages.

- Net worth: The bidders? net worth in the immediate last financial year must be at least 100% of their paid-up share capital or capital.

Previously, EESL invited bids for supplying 28.72 MW of polycrystalline solar modules (330 Wp and above) for solar power projects in Maharashtra and, in September 2022, issued a tender for contractors to supply 24 MW of solar polycrystalline modules for its decentralized grid-connected solar project in Maharashtra. (Source:Mercom India)

Energy Efficiency Services (EESL) has issued tenders inviting bids for an annual contract to supply 2,000 MW of single-phase solar inverters across India. The last date for bid submission is August 5, 2024. Bidders must submit a Rs 25,000 fee for the bidding document and provide an earnest money deposit as follows: - Package I: Rs 71 million - Package II: Rs 73.6 million - Package III: Rs 47.3 million - Package IV: Rs 63.1 million - Package V: Rs 42 million The successful bidder must furnish 10% of the contract price as a performance bank guarantee. Only single entities can bid; joint ventures or consortiums are not allowed. Participation is limited to Class-I local suppliers with at least 50% local content. Eligibility criteria: - Manufacturing experience: Bidders must have produced and supplied the following quantities of solar inverters (1 kW and above) in the last three years: - Package I (North Region): 27,390 units - Package II (West Region): 28,531 units - Package III (South Region): 18,260 units - Package IV (East Region): 23,966 units - Package V (North East Region): 15,978 units If bidding for multiple packages, the experience requirement is the cumulative sum of the units for each quoted package. For example, bidding for Packages I and II would require a total of 55,921 units (27,390 + 28,531). - Financial requirements: Bidders must have an average annual turnover over the last three financial years of at least: - Package I (North Region): Rs 532.8 million - Package II (West Region): Rs 552 million - Package III (South Region): Rs 354.5 million - Package IV (East Region): Rs 473 million - Package V (North East Region): Rs 315.3 million If participating in multiple packages, the turnover requirement is the cumulative sum for all quoted packages. - Liquid assets or credit facilities: Bidders must have liquid assets or access to credit facilities of at least: - Package I (North Region): Rs 444 million - Package II (West Region): Rs 460 million - Package III (South Region): Rs 295.4 million - Package IV (East Region): Rs 394.1 million - Package V (North East Region): Rs 262.8 million The liquid asset requirement for multiple packages is the cumulative sum for all quoted packages. - Net worth: The bidders? net worth in the immediate last financial year must be at least 100% of their paid-up share capital or capital. Previously, EESL invited bids for supplying 28.72 MW of polycrystalline solar modules (330 Wp and above) for solar power projects in Maharashtra and, in September 2022, issued a tender for contractors to supply 24 MW of solar polycrystalline modules for its decentralized grid-connected solar project in Maharashtra. (Source:Mercom India)

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?