DVC invites bids for 10 MW solar power projects in Jharkhand

Damodar Valley Corporation (DVC) has invited bids to install and commission 10 MW of grid-connected solar power projects at its thermal power station in Koderma, Jharkhand.

According to the tender guidelines, the contractor must furnish an amount equivalent to 3 per cent of the ordered value as performance bank guarantee within 30 days from the letter of award. The project must be commenced within nine months from the letter of award. Also, the bidders must have net working capital or access to credit facilities worth Rs 175.74 million during the last financial year. Their annual turnover for the best three financial years out of the last five financial years should not be less than Rs 702.97 million. The successful bidder will also undertake operations and maintenance of the project for ten years. The bid submission deadline is July 28, 2022. The bidders will have to submit Rs 5.27 million as an earnest money deposit.