NTPC Limited has issued a notice requesting tenders for the comprehensive operation and maintenance (O&M) of five 50 MW blocks of its 250 MW Mandsaur solar plant for the next three years
During the previous three years, bidders must have had an average yearly turnover of Rs 125.20 million. Their net worth should not be less than 100 per cent of their paid-up share capital as on the last day of the previous financial year. As per the tender guidelines, the winning bidder must pay a Rs 5 million earnest money deposit. As of the techno-commercial bid opening date, bidders must have completed a contract to install and commission a grid-connected solar power block of at least 50 MW during the preceding seven years. If the bidder does not fulfil the financial criteria, its holding company must meet the specified turnover requirements. The net worth of such a holding company as on the lastday of the previous financial year must be at least equal to or greater than its paid-up share capital. The bid submission deadline is May 27, 2022.