KREDL Issues Tender for Consultancy Services for 500 MW Solar Park

KREDL Issues Tender for Consultancy Services for 500 MW Solar Park

Karnataka Renewable Energy Development Limited (KREDL) intends to develop a solar park of 500 MW AC in Aurad taluk, Bidar District, Karnataka under ISTS mode and requires consultant services for the same. The Central Electricity Authority (CEA) has finalized the location in Malegaon village of Aurad Taluk for establishing 765/400/220kV Bidar Pooling Station.

The last day for submission of application is September 14, 2023.

Scope of Work 

The broad scope of the consultant services required under this RFP is as follows:
1. Preparation of Feasibility Report and Detailed Project Report (DPR) for solar park of 500 MW AC capacity in Aurad taluk, Bidar district in the State of Karnataka.
2. The assignment to be implemented of 500 MW AC capacity Solar Park capacity in Aurad taluk,
Bidar district in the State of Karnataka.
3. The assignment shall be broadly divided in two parts viz:
a. Preparation of Feasibility Report with working out various business models/options/strategy/route for investment for techno-commercial viability of the park considering available land, basic infrastructure, evacuation possibilities, power future market scenario, regulation, government /MNRE guidelines etc
b. Preparation of Detailed Project Report (DPR) based on the Feasibility Options selected and finer input data on engineering and other parameters etc.
4. The DPR shall be prepared to meet requirements of all financial institutions, MNRE, Govt. regulatory bodies etc., to comply with their norms for Project appraisal and sanction and approval lending and tie up of financing etc. In short, DPR must have a bankability to promote for investment destination.
5. The broad scope of service consist of preparation of DPR for development of solar park comprising both technical & commercial analysis to understand the attractiveness, feasibility, risks & mitigation plans related with setting up of solar park of capacity 500 MWACin Aurad Taluk, Bidar district in the State of Karnataka.

The bidder shall furnish, as part of its proposal, a bid security of INR 50,000.

The successful bidder has to submit performance security in the form of BG with the acceptance of order within four (4) working days and it should be valid for 6 months. The performance security shall be 10% of the value of ward of contract. The performance security will be returned within ninety (90) days from the expiry of the consultancy engagement, on satisfactory completion. However, in case of time extension the PBG has to be extended by the firm before 15 days from the date of expiry

The firm must submit the following
 Net worth of the previous 3 years (FY 2020-21, 2021-22 and 2022-23).
 The bidder shall submit audited annual reports for FY 2020-21,2021-22 and 2022-23

Validity of Proposal: Minimum 90 calendar days from proposal submission deadline.

The selected bidder shall execute the contract agreement within seven days from the date of letter of award.