NHPC Seeking EPC Firms for 100 MW Solar Plant in UMREPP in Koppal, Karnataka

• NHPC Ltd has actually provided a tender for awarding the EPC contract for the development of a 100 MW solar project in Koppal District of Karnataka.

NHPC Ltd has actually provided a tender for awarding the Engineering, Procurement and also Construction (EPC) contract for the growth of a 100 MW ISTS-connected ground-mounted solar PV project at the Ultra Mega Renewable Energy Power Park (UMREPP) in Koppal District of Karnataka.

The extent of work for the selected programmers has been separated into three agreements.

The very first agreement is for the supply of all plant and devices and also materials full in all respect.

The second agreement is for providing all services i.e. insurance, installment, screening and commissioning of the plant consisting of emptying arrangement, transmission line consisting of all other civil jobs and also land growth including legal approvals, permits, license, etc. complete in all respect.

The third contract is for the thorough Operation as well as Maintenance (O&M) of the plant for a duration of 10 years consisting of 24 months defect obligation period from the date of appointing of the solar energy project.

The last date for quote entry is February 16, 2021, and also the techno-commercial proposals will certainly be opened on February 23, 2021. The date and also time of the price proposal opening will make love later on to the prospective buyers whose techno-commercial proposals will certainly be located receptive. A pre-bid conference has actually been scheduled for January 19, 2021, to attend to the issues elevated by the possible bidders.

To be eligible for participating in the bidding procedure, the Minimum Average Annual turn over of the bidder in the preceding three years shall be Rs 434 crore. As well as, the total assets of the prospective buyer to be favorable as well as not less than the quantity of paid-up equity share capital in 3 out of the preceding 5 years.

Further, the company must have a working capital (existing assets minus current responsibilities) of at least Rs 48.21 crore.

In September 2020, leading state-run energies Power Finance Corporation (PFC), NTPC, as well as the NHPC authorized contracts with the power ministry to set up enthusiastic performance targets for the existing financial year, regardless of flagging need in wake of the pandemic.

NHPC authorized an agreement with the Ministry of Power for elevating the generation to 27,500 million units from 26,000 MUs last year. It additionally accepted an income target of Rs 8900 crore, while operating profit as a percent of the earnings has actually been maintained as 38 percent. The target for Profit after tax obligation is 10.50 percent.