Navi Mumbai Issues Tender For 100 MW Floating Solar Project

Navi Mumbai Issues Tender For 100 MW Floating Solar Project

A tender has been issued by Navi Mumbai Municipal Corporation (NMMC) inviting bids to develop a 100 MW floating solar project and a 1.5 MW hydroelectric project at Morbe Dam in the Raigad district of Maharashtra. According to the tender, the last day to submit the bids is April 2 while the bids will be opened on the next day.

Further, the bidders are required to submit an Earnest Money Deposit (EMD) of Rs 25 million. The floating solar project will be implemented in 60 MW and 40 MW phases, read the tender document. Also, the project should achieve financial closure within 210 days from the power purchase agreement’s signing date, according to Navi Mumbai Municipal Corporation tender.

The required electricity generation per annum will be 10.80 million units (MU) from hydroelectric projects and 208.8 MU (125.28 MU Phase 1 and 83.52 MU Phase 2) from the floating solar project.

The eligibility criteria mentioned in the tender specifies bidders have completed at least three projects, each with a minimum capacity of 40 MW, at least two projects, each with a minimum capacity of 50 MW, or one project with a minimum capacity of 80 MW for government, public sector or private sector organisations during last ten years.

As far as eligibility is concerned, bidders who have completed a single project with a total capacity of 100 MW, including multiple packages, phases, contracts, or agreements, at one location can also participate in the bidding process. The bidders are required to have a net worth equal to or greater than Rs 21.65 billion as of March 31.