SPMCIL floats tender for 1 MW solar project with net metering

The Security Printing and Minting Corporation of India Limited (SPMCIL) has invited bids for the development of a 1 MW grid-connected solar power project with net metering on land provided by the company. Developers will be responsible for the supply, installation, testing, and commissioning of the project. Further, they must also set up infrastructure for the evacuation of power generated to the 33/11 kV substation along with the provision of transformers, cables, and other facilities with a comprehensive warranty of five years. The project is estimated to cost Rs 45 million. There is no earnest money deposit specified under the tender and the last date to submit bids is April 23, 2021.

To be eligible, bidders must have an annual capacity to manufacture and supply at least one solar power project of 1 MW capacity and along with requisite proof of previous orders. Further, the bidder must have had an average annual turnover of at least Rs 12.5 million with losses being reported in not more than one of the last three financial years. Their net worth should not have diminished by more than 30 per cent over the last three financial years.

SPMCIL is a state-owned company that is involved in producing currency and banknotes, non-judicial stamp papers, postal stamps, passports, and visas, among a host of other government papers under a highly secure state-of-the-art production facility. In January 2020, the South Delhi Municipal Corporation signed an agreement with SPMCIL to install a 5-tonne biogas plant at the municipality’s Waste to Wonder Park in Sarai Kale Khan, New Delhi. The proposed plant will produce 700 cubic metres of biogas, which can generate around 1,400 units of electricity per day along with 500-600 kg of organic manure.

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