RRECL Floats 50 MW of Solar Tender in Rajasthan Under Resco Model

Rajasthan Renewable Energy Corporation Limited (RRECL) has invited bids for 50 MW of solar tender with grid-connected rooftop SPV power plants of different capacities for government undertaking buildings anywhere in Rajasthan under the RESCO model.

The last date for submitting the online bid is November 28, 2022, till 04:00 pm. Bids will be opened on November 29, 2022, at 04:00 pm.

This RRECL 50 MW solar tender includes the scope of work in design & engineering, manufacture/procurement, supply, installation, testing, and commissioning including warrantee obligation with twenty-five (25) years of comprehensive operation and maintenance.

The minimum and maximum quoted capacity by bidders shall be 3 MW & 10 MW respectively for all interested bidders.

Each interested bidder will have to pay Rs. 8,70,260/-per MW as a bid security amount & Rs.5,000/- (plus 18% of GST) as a cost of the bid document, which is non-refundable. Each interested bidder will also have to pay Rs. . 1,000/- (plus 18% of GST) as an e-proc charge, which is non-refundable as well. The bid security shall be 2% of the estimated value of the subject matter of procurement put to bid. In the case of Small Scale Industries of Rajasthan, it shall be 0.5% of the quantity offered for supply and in the case of sick industries, other than Small Scale Industries, it shall be 1% of the value of the bid.

Performance Security shall be required to be deposited by the bidders quoting 15% below the ceiling tariff (Rs. 4.05 per unit). 

To procure this solar tender, the bidder should have designed, supplied, installed & commissioned at least one grid-connected solar PV power plant with a minimum capacity of 250 kWp. The cumulative capacity of the grid-connected solar PV power plants should not be less than 50% of quoted capacity commissioned in the last five years, before the bid submission date. 

Average Annual financial turnover during the last 3 years, ending 31st March of the previous financial year, should be at least 3 crores per MW for the quoted capacity from the last three financial years ending on 31.03.2021 based on audited annual accounts. 

The net worth of the bidder during the last Financial Year shall be at least 1 crore per MW, wherein the net worth shall be calculated as follows:

Net Worth = (Equity + Reserves) – (Revaluation reserves+ intangible assets + miscellaneous expenses to the extent not written off + carried forward losses)

Bidders can view/download this RRECL (Rajasthan Renewable Energy Corporation Limited) 50 MW of solar tender with grid-connected rooftop SPV power plant documents and technical specifications here.

Recently, Neyveli Lignite Corporation Limited (NLC) India invited bids for the setting up of a 300 MW (tender) grid-connected solar power project at Barsingsar, Rajasthan.