NTPC Renewable Calls for Wind Energy Bids For 100 MW Project in Madhya Pradesh

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NTPC Renewable Energy, the renewable arm of NTPC has invited bidders for a 100 MW wind energy project in Madhya Pradesh.

The tender document identifies the scope as detailed design, engineering, micro-siting, manufacture, supply, erection, testing, and commissioning of wind energy projects with a cumulative capacity of 100 MW. The project/s will be linked to the state transmission utility (STU). The last date to submit the bids is June 27, 2022. Bids will be opened on the same day.

In other key conditions, to qualify, bidders should have designed, supplied, erected, and commissioned a cumulative capacity of 40 MW as an engineering, procurement, and construction (EPC) contractor or a developer of grid-connected wind power projects. Of this, at least one project should have been 10 MW or higher capacity at a single location, and been in operation for at least one year at the time of bidding.

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Bidders with experience of at least 10 years on industrial projects or EPC contrator for the power, steel, oil and gas, petrochemical, fertiliser, cement or other sectors with a value of Rs 300 crores in a single project can also bid. Which should help government consulting PSU’s like EIL to bid too.

The security deposit has been set at Rs 10 crores, while the average annual turnover of the bidder should not be less than Rs 310 crores for any three financial years out of the preceding five financial years as of the bid opening date.

A positive net worth as of the last day of the preceding financial year is also a must.

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The minimum bidding size is 10 MW or above capacity at a single location developed by the bidder for itself or any other client.

NTPC Renewable Energy has been getting very active in recent months, and recently got a AAA rating for itself too. The firm, which will either go for an IPO or a strategic investor this year, carries the task of meeting the 32 GW renewable energy target of its parent firm by 2032. For now, the pipeline is still in its early stages, with barely 1.5 GW of renewable energy expected to be brought online this Financial year, and just over 900 MW next year by NTPC.