For the next three years, NTPC Limited has issued a notice requesting tenders for the comprehensive operation and maintenance of five 50 MW blocks of its 250 MW Mandsaur solar plant. 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 of 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 of the final day 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.
Earlier this month, NTPC issued a request for proposals to provide a one-of-a-kind platform for Indian startups that could help in the development of a biomass ecosystem in the country. The platform will be put in shape by NETRA, the R&D wing of NTPC, for production of the torrefied biomass pellets that are well-suited for decentralised small-scale users.