Karnataka seeks bids for floating solar project at Apannakere
POWER & RENEWABLE ENERGY

Karnataka seeks bids for floating solar project at Apannakere

Karnataka Renewable Energy Development Ltd (KREDL) has invited bids to install and commission a 1 MW floating solar power project with the associated transmission system at Apannakere Lake in the Kalaburgi district of Karnataka.

The successful bidder will also have to take care of the project’s operation and maintenance for 10 years.

The estimated cost of the project is Rs 76.68 million ($968,214). The last date to submit the bids is October 19, 2022. Bids will be opened on October 21.

Bidders must submit Rs 1.15 million ($14,415) as an earnest money deposit. The successful bidder must furnish an amount equivalent to 10% of 70% of the contract price as a performance bank guarantee within seven days of the issuance of the letter of award.

The successful bidder will also have to submit 10% of the 30% of the contract price as an O&M bank guarantee for ten years upon the completion and acceptance of the performance ratio test.

To be eligible, bidders should have designed, supplied, erected, and commissioned floating solar projects of a cumulative installed capacity of 1 MW, out of which at least one project must be of 800 kW or above higher capacity. The reference project must have been operating for at least 12 months before the bid submission date.

See also:
UPL and CleanMax to collaborate for energy plant in Gujarat
AP Chambers welcomes proposed energy sector reforms


Karnataka Renewable Energy Development Ltd (KREDL) has invited bids to install and commission a 1 MW floating solar power project with the associated transmission system at Apannakere Lake in the Kalaburgi district of Karnataka. The successful bidder will also have to take care of the project’s operation and maintenance for 10 years. The estimated cost of the project is Rs 76.68 million ($968,214). The last date to submit the bids is October 19, 2022. Bids will be opened on October 21. Bidders must submit Rs 1.15 million ($14,415) as an earnest money deposit. The successful bidder must furnish an amount equivalent to 10% of 70% of the contract price as a performance bank guarantee within seven days of the issuance of the letter of award. The successful bidder will also have to submit 10% of the 30% of the contract price as an O&M bank guarantee for ten years upon the completion and acceptance of the performance ratio test. To be eligible, bidders should have designed, supplied, erected, and commissioned floating solar projects of a cumulative installed capacity of 1 MW, out of which at least one project must be of 800 kW or above higher capacity. The reference project must have been operating for at least 12 months before the bid submission date. See also: UPL and CleanMax to collaborate for energy plant in GujaratAP Chambers welcomes proposed energy sector reforms

Next Story
Real Estate

Brigade Signs JDA For Rs 10 Billion Chennai Project

Brigade Enterprises Limited, one of India’s leading real estate developers, has signed a Joint Development Agreement (JDA) for a prime 6.6-acre land parcel in West Chennai. The project carries an estimated Gross Development Value (GDV) of Rs 10 billion and will deliver a premium residential development that reflects the city’s evolving urban aspirations.Strategically located on a major arterial corridor, the site offers seamless connectivity to Chennai’s industrial and peripheral business districts, positioning it as an ideal location for an integrated, future-ready community.Commenting ..

Next Story
Infrastructure Urban

Kranti Industries, Kores Form JV For Precision Machining Unit

Kranti Industries Limited, a leading BSE-listed auto component and precision engineering firm, has announced a strategic joint venture with Kores Group to establish a state-of-the-art greenfield precision machining facility at Halol, Gujarat. The new entity, KRAKO Precision Private Limited, marks a major milestone in Kranti’s journey of expansion, diversification, and manufacturing excellence.The collaboration aims to combine the strengths of both companies in precision engineering, operational efficiency, and innovation to cater to the evolving demands of domestic and global customers.Key D..

Next Story
Infrastructure Energy

Arunachal Pradesh Inaugurates First Commercial Coal Mine at Namchik-Namphuk

Union Coal & Mines Minister G Kishan Reddy and Arunachal Pradesh Chief Minister Pema Khandu inaugurated the Namchik-Namphuk coal mine in Changlang district on Monday, marking the state’s first commercial coal mining project.The ceremony included a ‘bhumi pujan’, a tree plantation drive, and the handover of the mining lease along with the flagging off of tools and machinery by Coal Projects (CPPL), officially commencing mining operations.Addressing the gathering, Minister Reddy called the launch “a symbol of new hope and a significant step towards energy security and regional develo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?