The CEO of New Okhla Industrial Development Authority (Noida) in Delhi NCR region has invited bids to set up 5 MW (AC) of grid-interactive rooftop solar plants on identified buildings of the city. The plants—to be developed in RESCO model (capital expenditures covered by the installer)—are to be completed within 12 months.
The project cost is estimated at Rs 215 million. Interested developers are required to submit bids by January 21 along with a bank guarantee of Rs 4.3 million.
The selected developer shall be responsible for design, engineering, procurement and supply, erection, testing and commissioning of the plant. It shall also provide comprehensive operation and maintenance for a period of 25 years.
To be eligible, the bidder must have completed similar work for cumulative capacity of 5 MWp, with each work of minimum 500 KWp capacity, during the last seven years. The solar plant should have been under continuous operation for at least two years after commissioning.
Further, the bidder should have average annual financial turnover of Rs 64.5 million during the last three years ending March 31, 2019. It should not have incurred any loss in more than two years during the last five years and should have a solvency of Rs 86 million.