Cochin Port Trust Tenders for 1.5 MW Floating Solar Projects

The Cochin Port Trust has issued a tender for 1.5 MW grid-tied floating solar projects at the Backwaters near CoPT’s walkway avenue in Kerala.

The Cochin Port Trust (CoPT) has issued a tender, inviting bids from eligible bidders for setting up of 1.5 MW (0.75 MW x 2) grid-tied floating solar projects at the Backwaters near CoPT’s walkway avenue between BOT junction and Kannangatt bridge at W/Island, Cochin, Kerala.

The scope of work for the selected developers will include the site survey, design, engineering, manufacture, supply, storage, civil work, erection, testing and commissioning of the 1.5 MWp floating projects. The work on commissioning of the plant must be completed within a period of 8 months from the date of execution of the Power Purchase Agreement (PPA).

The developers will also be required to provide comprehensive Operation & Maintenance (O&M) service’s for the projects for a period of 25 years under RESCO Model (BOOT) after operational acceptance.

The last date for bid submission is October 5, 2020, and the techno-commercial bids will be opened on the same date. A pre-bid meeting has been scheduled for September 21, 2020, to address the concerns raised by prospective bidders.

All bidders will be required to submit an Earnest Money Deposit of Rs 13.5 lakh along with the bids and a performance bank guarantee (PBG) of Rs 67.50 lakh must be furnished by the successful bidder after the issuance of Letter of Award (LoA) by the Cochin Port Trust.

The selected bidders will sign a PPA with the CoPT for a period of 25 years and the maximum allowable levelised tariff for the entire duration of the PPA (for RESCO model) will be Rs 3.97 kWh.

To be eligible, the bidders must have experience of having successfully completed similar works during last 7 years ending on August 31, 2020, at least either:

a. Three similar completed works, each single contract costing not less than Rs 2.70 crore. (or installed 0.60 MWp) OR

b. Two similar completed works, each single contract costing not less than Rs 3.38 crore (or installed 0.75 MWp)’ OR

c. one similar completed work costing not less than Rs 5.4 crore (or installed 1.20 MWp).

Financially, the average financial turnover of the tenderer during the last 3 financial years ending 31st March 2019, should not be less than Rs 2.03 crore.