EESL welcomes tenders for 2 GW single-phase solar inverters

25 Jul 2024 CW Team

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)

Infrastructure Urban

29 Aug 2025

Environmental Solutions Launches New Center of Excellence in Bengaluru

Environmental Solutions (ES), a business segment of Terex Corporation and global leader in environmental equipment and technology, has inaugurated its new technical Center of Excellence in Whitefield, Bengaluru. The facility expands ES’s global presence and strengthens its ability to serve customers worldwide.The Terex India R&D Center, Environmental Solutions (TIRC ES), joins ES’s established network of Centres of Excellence in Austin, Texas; Chattanooga, Tennessee; and San Diego, California. The Bengaluru team will focus on digital innovation, Refuse Collection Vehicle (RCV) and Stat..

Infrastructure Energy

29 Aug 2025

Hindustan Zinc and Epiroc Partner to Drive Digital Safety in Mining

Hindustan Zinc, India’s only and the world’s largest integrated zinc producer, has entered into a strategic partnership with Epiroc through a Memorandum of Agreement (MoA) to advance digital safety in mining operations.As part of the collaboration, Epiroc’s Collision Avoidance System will be rolled out in phases, starting with the Sindesar Khurd Mine in Rajasthan’s Rajsamand district – one of the world’s top five silver-producing mines. In the pilot stage, the system will be implemented on 30 Low Profile Dump Trucks (LPDTs), which are critical for efficient ore handling in undergro..

Infrastructure Energy

28 Aug 2025

REC Hosts 56th AGM, Highlights Record Growth and Sustainability

REC Limited conducted its 56th Annual General Meeting (AGM) today through video conferencing, chaired by Jitendra Srivastava, Chairman & Managing Director. The meeting highlighted the company’s record operational and financial performance during the year, along with its strong focus on sustainability and ESG-led initiatives.Jitendra Srivastava, Chairman & Managing Director, in his address noted that REC achieved significant milestones during the year, strengthening its position as a performance-driven public financial institution. Loan sanctions stood at Rs 3.37 trillion, with disbur..