NTPC floats tender for a 250 MW solar project in Madhya Pradesh

NTPC has issued a notice inviting tender for the operation and maintenance of five 50 MW blocks of its 250 MW Mandsaur solar project for three years. The bids will be opened on May 30 and the last day to submit is May 27, 2022. Bidders will need to pay Rs. 13,275 (approximately $171) for the cost of bidding documents while the successful bidder will be required to pay an earnest money deposit of Rs. 5 million (approximately $64,625).Bidders must have executed contracts installing and commissioning a grid-connected solar power block of a minimum of 50 MW in the past seven years or alternatively, they can bid if they have previously executed any contract operating and maintaining a grid-connected solar power block of a minimum of 50 MW during the preceding seven years. Bidders must have an average annual turnover of a minimum of Rs. 125.20 million (approximately $1.61 million) in the last three years and their net worth should not be less than 100 per cent of their paid-up share capital as of the last day of the last financial year.