TCIL Seeking Partners for Solar Projects in 5 GW CPSU Tender by IREDA

TCIL is seeking a partner to bid and develop solar projects under the 5 GW CPSU solar tender issued by IREDA.

Telecommunications Consultants India Limited (TCIL) has issued an Expression of Interest (EOI), seeking bids from eligible firms for the selection of a partner for setting up grid-connected solar PV power projects in India under the Central Public Sector Undertaking (CPSU) scheme. The Govt. of India enterprise is seeking partners to tie-up with and bid for project capacity in the tender issued for setting up of 5 GW solar projects in India (CPSU program – Phase II) by the Indian Renewable Energy Development Agency’s (IREDA).

This EOI has been issued for the selection of a partner/SPV who is willing to execute the project for setting up of grid-connected solar PV project in India under the CPSU Scheme. And bidders with prior experience of similar work and those who are willing to work with TCIL exclusively can submit their proposals under the EOI.

The last date for bid submission is March 24, 2021, and the technical bids will be opened on March 25, 2021. The date and time of opening of the price bids will be notified to the technically cleared bidders later.

To submit valid responses to the EOI, the bidder should

• Declare the estimated capital cost bidding for, in the technical bid. The estimated cost of bidding will be equal to Rs (A x B) crore, where A = the total number of Megawatt (MW) the bidder is quoting for (minimum being 50 MW), and B = 6.0585 crore. 
• Should have Average Annual Financial Turnover during the last 3 years, ending March 31, 2020,  not less than 50 percent of the amount declared in the previous clause.
• Net Worth of the Company/firm during last audited financial year 2019-2020 should be positive.
• Bidder should have experience of having successfully completed/running similar works, as on February 28, 2021, in not more than the time period stipulated by IREDA in its tender, should be either of the following:- 
  • Three similar works each value not less than 40 percent of the amount declared in the first clause, Or
    Two similar works each value not less than 50 percent of the amount, Or
    One similar work value not less than 80 percent of the amount.
• The bidder must be ready to invest for the complete project. 

It has been clarified that the responsibility of selling the power generated from the project to Government/ Government entities/ Discoms and collecting the dues shall be of the prospective partner in coordination with TCIL as the front partner. 

The highest share of agreed usage charges of not more than Rs 2.20/kWh derived from the price bid schedule will be selected as a successful bidder as prescribed by IREDA. The usage charges will not include taxes or any other third-party charges like wheeling and transmission charges, etc.

TCIL has also informed that the last date for bid submission in the IREDA tender has been extended till March 25, 2021. The technical bids will be opened on March 30, 2021, and the financial bids will be opened on April 12, 2021. The finalisation of the successful bidders will be done by April 23, 2021. TCIL CPSU Solar Tender IREDA