NTPC LIMITED

(A Govt. of India Enterprise)

CORPORATE CONTRACTS, NOIDA

INVITATION FOR BIDS (IFB)

FOR

765 kV CLASS POWER TRANSFORMERS PACKAGE

FOR

DARLIPALLI SUPER THERMAL POWER PROJECT, STAGE-I (2x800 MW)

DARLIPALLI, DISTRICT SUNDARGARH, STATE OF ODISHA, INDIA

(International Competitive Bidding)

IFB No. : 40022133 Date: 16.05.2014

Bidding Document No. : CS-9549-502-2

1.0 NTPC invites e-Bids on Single Stage Two Envelope bidding basis (Envelope-I: Techno-Commercial Bid & Envelope-II: Price Bid) from eligible Bidders for 765 kV Class Power Transformers Package for Darlipalli Super Thermal Power Project, Stage-I (2x800 MW) situated at Darlipalli in District Sundargarh in Odisha, as per the Scope of Work mentioned hereinafter.

2.0 BRIEF SCOPE OF WORK

The package covers design, engineering, manufacture, supply, testing at works, short circuit testing, transportation to site, in-plant transportation, receipt, handling and storage at site, erection and commissioning of various Transformers & Reactors and inclusive of necessary tools and tackles and supply of mandatory spares & maintenance equipments and 5% extra transformer/reactor oil.

3.0 NTPC intends to finance the subject package through External Commercial Borrowings/Own Resources.

4.0 Detailed specification, scope of work and terms & conditions are given in the bidding documents, which are available for examination and sale at the address given below and as per the following schedule:

Bid Document No. : CS-9549-502-2

Bid Document Sale Date : From 16.05.2014 to 12.06.2014 upto 1730 Hrs.

Date, Time and Venue for : 23.06.2014, 1100 Hrs.

Pre-Bid Conference NTPC-EOC, NOIDA

Last Date & Time of receipt of bid : Up to 03.07.2014 by 1500 Hrs. (IST)

Comprising both Techno- Commercial

Bid and Price Bid

Date & Time of opening of : 03.07.2014 at 1530 hrs (IST)

Techno-Commercial Bid

Date & Time of opening of : To be notified separately after opening

Price Bid of Techno- Commercial Bid

Cost of Bidding Document : ? 22,500/- (Rupees Twenty Two Thousand

per set for Indian Bidders and Five Hundred only)

per set for Foreign Bidders. US $ 500 (US Dollar Five Hundred only)

5.0 All bids must be accompanied by Bid Security for an amount of INR 2,81,98,000/-(Indian Rupees Two Crores Eighty One Lacs Ninety Eight Thousand only) or USD 4,65,300/- (US Dollar Four Lacs Sixty Five Thousand Three Hundred only).

Any Bid not accompanied by an acceptable Bid Security in a separate sealed envelope shall be rejected by the Employer as being non-responsive and returned to the bidder without being opened.

6.0 BENEFITS/EXEMPTIONS TO SUPPLIES FOR MEGA POWER PROJECTS

Darlipalli STPP, Stage-I (2x800 MW) has been declared a Mega Power Project by the Ministry of Power (Government of India). Accordingly, supplies of goods under this Package shall be eligible for the benefits/exemptions as per provisions of relevant policy & notifications of the Government of India.

7.0 QUALIFYING REQUIREMENT FOR BIDDERS

The Bidder should meet the qualifying requirements of any one of the qualifying routes stipulated under clause 7.1.1 or 7.1.2 or 7.1.3 or 7.1.4 or 7.1.5. In addition, the Bidder should also meet the requirements stipulated under clause 7.2.0, 7.3.0 or 7.4.0 as applicable along with clause 7.5.0 and the requirements stipulated under section ITB (Instruction to Bidder):

7.1.0 Technical Criteria

7.1.1 ROUTE-1

(a) Bidder should have designed, manufactured and supplied at least two (2) numbers of 715kV or above voltage level single phase Generator transformers of at least 200 MVA unit capacity which should have been in successful operation for at least two years prior to the date of Techno-Commercial bid opening.

AND

(b) Bidder should have designed, manufactured and supplied, at least two (2) numbers of 715kV or above voltage level single phase reactors of at least 80 MVAR unit capacity which should have been in successful operation for at least two years prior to the date of Techno-Commercial bid opening.

7.1.2 ROUTE-2

Bidder who meets the requirements of 7.1.1(a) can also participate provided it associates with a reactor manufacturer for sourcing of reactors who meets the requirement of 7.1.1(b). In such a case the Bidder should furnish along with its bid an undertaking jointly executed by it and its Associate for the successful performance of reactors as per the format enclosed in bidding documents. The joint deed of undertaking shall be submitted along with the bid failing which the Bidder shall be disqualified and its bid shall be rejected. In case of award the Associate will be required to furnish an on demand bank guarantee for 1.5 % of contract price in addition to contract performance security to be furnished by Bidder.

7.1.3 ROUTE-3

(a) Bidder should have designed, manufactured and supplied at least two (2) numbers (one each at two different installations) of 400 KV or above voltage level Generator transformers of at least 200 MVA unit capacity (either three phase transformer as a single unit or single phase transformer), which should have been in successful operation for two (2) years prior to the date of Techno-Commercial bid opening and have established manufacturing facility in India for 800KV class transformers and have manufactured and supplied 800KV class or above transformer from such facility prior to the date of Techno-Commercial bid opening.

AND

(b) Bidder should have designed, manufactured and supplied at least two (2) numbers (one each at two different installations) of 400 KV or above voltage level reactor of at least 50 MVAR unit capacity, which should have been in successful operation for atleast two (2) years prior to the date of Techno-Commercial bid opening and have established manufacturing facility in India for 800KV class reactors and have manufactured and supplied 800KV class or above reactor from such facility prior to the date of Techno-Commercial bid opening.

7.1.4 ROUTE-4

Bidder who meets the requirements of 7.1.3(a) can also participate provided it associates with a reactor manufacturer for sourcing of reactors who meets the requirement of 7.1.1(b) or 7.1.3(b). In such a case the Bidder should furnish along with its bid an undertaking jointly executed by it and its Associate for the successful performance of reactors as per the format enclosed in bidding documents. The joint deed of undertaking shall be submitted along with the bid failing which the Bidder shall be disqualified and its bid shall be rejected. In case of award the Associate will be required to furnish an on demand bank guarantee for 1.5 % of contract price in addition to contract performance security to be furnished by Bidder.

7.1.5 ROUTE-5

Bidder should have designed, manufactured and supplied at least two (2) numbers (one each at two different installations) of 400 KV or above voltage level transformers of at least 200 MVA unit capacity(either three phase transformer as a single unit or single phase transformer), which should have been in successful operation for atleast two (2) years prior to the date of Techno-Commercial bid opening and have Association/ Collaboration for design and manufacturing of 800 KV class transformers and reactors in India, can also be considered Qualified provided its Associate(s) or Collaborator(s) meets the qualifying requirement stipulated at 7.1.1(a) for transformers and 7.1.1(b) for reactors respectively .

Bidder who does not meet above requirement for reactor can source reactors from Associate/Collaborator who meets the requirements of 7.1.1(b) or 7.1.3(b).

In such a case Bidder should furnish an undertaking jointly executed by it and its Associate(s) or Collaborator(s), as per the format, enclosed in the bidding document for the successful performance of the equipment. This joint deed of undertaking should be submitted along with the Techno-Commercial bid, failing which the bidder shall be disqualified and its bid rejected.

In case of award, the Associate(s) or Collaborator(s) will be required to furnish an on demand Bank Guarantee for total 5% of contract price (3.5% for transformers and 1.5% for reactors) in addition to the Contract performance Security to be furnished by the Bidder.

NOTES:

(i) Two different installations means two different project sites or two different contracts.

(ii) Equipment designed by the Bidder by itself or through its collaborator/associate for reference plant, shall also be considered meeting the requirement of design.

7.2.0 Financial Criteria of Bidder

7.2.1 The average annual turnover of the Bidder, in the preceding three (3) financial years as on the date of Techno-Commercial bid opening, should not be less than ? 478 million (Indian Rupees Four Hundred Seventy Eight million only) or in equivalent foreign currency.

7.2.2 The Net Worth of the Bidder as on the last day of the preceding financial year should not be less than 25% of its paid up share capital.

7.2.3 In case the Bidder is not able to furnish its audited financial statements on stand alone entity basis, the unaudited unconsolidated financial statements of the Bidder can be considered acceptable provided the Bidder further furnishes the following documents for substantiation of its qualification:

(i) Copies of the unaudited unconsolidated financial statements of the Bidder alongwith copies of the audited consolidated financial statements of its Holding Company.

(ii) A Certificate from the CEO/CFO of the Holding Company, as per the format enclosed in the bidding documents, stating that the unaudited unconsolidated financial statements form part of the Consolidated Financial Statement of the company.

In case where audited results for the last preceding financial year are not available, certification of financial statements from a practicing Chartered Accountant shall also be considered acceptable.

7.2.4 In case a Bidder does not satisfy the financial criteria, stipulated at Cl. 7.2.1 and/ or Cl. 7.2.2 above on its own, its holding company would be required to meet the stipulated turnover requirements at Cl. 7.2.1 above, provided that the net worth of such holding company as on the last day of the preceding financial year is at least equal to or more than the paid-up share capital of the holding company. In such an event, the Bidder would be required to furnish along with its Techno- Commercial bid, a Letter of Undertaking from the holding company, supported by Board Resolution of the holding company, as per the format enclosed in the bidding documents, pledging unconditional and irrevocable financial support for the execution of the Contract by the Bidder in case of award.

7.2.5 The unutilized line of credit for fund based and non-fund based limits with cash and bank balances including fixed deposits of the Bidder as on a date not earlier than 15 days prior to the date of Techno-Commercial bid opening, duly certified by its Bankers should not be less than ? 510 million (Indian Rupees Five Hundred Ten million only) or in equivalent foreign currency. In case certificates from more than one bank are submitted, the certified unutilized limits should be of the same date from all such banks.

7.2.6 Where another Company of the group acting as the Treasury Centre is responsible for Treasury Management of the Bidder having combined credit/guarantee limit for the whole group, the Bidder would be required to provide a Banker's certificate regarding the unutilized line of credit for fund based and non-fund based limits together with cash and bank balances including fixed deposits available to such Treasury Centre. Further, Treasury Centre should certify that out of the aforesaid limits certified by the bankers, the Bidder shall have access to the line of credit of a level not less than the specified amount at Cl. 7.2.5 above. In proof of this, the Bidder would be required to furnish along with its Techno-Commercial bid, a Letter of Undertaking from the Treasury Centre, supported by a Resolution passed by the Board of Directors of the holding company, as per the format enclosed in the bidding documents, pledging unconditional and irrevocable financial support for the execution of the Contract by the Bidder in case of award.

7.2.7 In case the Bidder's unutilized line of credit for fund based and non-fund based limits specified at Cl.7.2.5 above is not sufficient, a comfort letter from one of the bankers specified in the bidding documents unequivocally stating that in case the Bidder is awarded the contract, the Bank would enhance line of credit for fund based and non-fund based limits to a level not less than the specified amount to the Bidder or to the Treasury Centre as the case may be, shall be acceptable.

7.3.0 Financial Criteria of Collaborator/Associate of the Bidder responsible for Equipment performance without supply in the scope:

7.3.1 The average annual turnover of the Collaborator/Associates, in the preceding three (3) financial years as on the date of Techno-Commercial bid opening, should not be less than ? 43 million (Indian Rupees Forty Three million only) for Transformer & ? 5 million (Indian Rupees Five million only) for Reactor or in equivalent foreign currency.

7.3.2 The Net Worth of the Collaborator/Associate as on the last day of the preceding financial year shall not be less than 25% of its paid up share capital.

7.3.3 In case the Collaborator/Associate is not able to furnish its audited financial statements on stand alone entity basis, the unaudited unconsolidated financial statements of the Collaborator/Associate can be considered acceptable provided the Collaborator/Associate further furnishes the following documents on substantiation of its qualification:

(i) Copies of the unaudited unconsolidated financial statements of the Collaborator/Associate along with copies of the audited consolidated financial statements of the Holding Company of Collaborator/Associate.

7.3.3.1 In case where audited results for the last preceding financial year are not available, certification of financial statements from a practicing Chartered Accountant shall also be considered acceptable.

7.3.4 In case a Collaborator/Associate does not satisfy the financial criteria, stipulated at Cl. 7.3.1 and/ or Cl. 7.3.2 above on its own, the holding company would be required to meet the stipulated turnover requirements at Cl. 7.3.1 above, provided that the net worth of such holding company as on the last day of the preceding financial year is at least equal to or more than the paid-up share capital of the holding company. In such an event, the Collaborator/Associate would be required to furnish along with Bidder's Techno- Commercial bid, a Letter of Undertaking from the holding company, supported by Board Resolution of the Holding Company (as per the format enclosed in the bidding documents) pledging unconditional and irrevocable financial support to the Collaborator/Associate to honor the terms and conditions of Deed of Joint Undertaking, in case of award.

7.3.5 The unutilized line of credit for fund based and non-fund based limits with cash and bank balances including fixed deposits of the Collaborator/Associate as on a date not earlier than 15 days prior to the date of Techno-Commercial bid opening, duly certified by the Bankers should not be less than ? 59 million (Indian Rupees Fifty Nine million only) for Transformer & ? 25 million (Indian Rupees Twenty Five million only) for Reactor or in equivalent foreign currency.

In case certificates from more than one bank are submitted, the certified unutilized limits should be of the same date from all such banks.

7.3.6 Where another Company of the group acting as the Treasury Centre is responsible for Treasury Management of the Collaborator/Associate having combined credit/guarantee limit for the whole group, the Collaborator/Associate would be required to provide a Banker's certificate regarding the unutilized line of credit for fund based and non-fund based limits together with cash and bank balances including fixed deposits available to such Treasury Centre. Further, Treasury Centre shall certify that out of the aforesaid limits certified by the bankers, the Collaborator/Associate shall have access to the line of credit of a level not less than the amount specified at Cl. 7.3.5 above. In proof of this, the Bidder would be required to furnish along with Bidder's Techno- Commercial bid, a Letter of Undertaking from the Treasury Centre, supported by a Resolution passed by the Board of Directors of the Collaborator/Associate's holding company, as per the format enclosed in the bidding documents, pledging unconditional and irrevocable financial support to the Collaborator/Associate to honor the terms and conditions of the Deed of Joint Undertaking, in case of award of the contract to the Bidder with whom Collaborator/Associate is associated.

7.3.7 In case the Collaborator/Associate's unutilized line of credit for fund based and non-fund based limits specified at Cl. 7.3.5 above is not sufficient, a comfort letter from one of the bankers specified in the bidding documents unequivocally stating that in case of award of the contract to the Bidder with whom Collaborator/Associate is associated, the Bank would enhance line of credit for fund based and non-fund based limits to a level not less than the specified amount to the Collaborator/Associate or to the Treasury Centre as the case may be, shall be acceptable.

7.4.0 Financial Criteria of Collaborator/Associate of the Bidder responsible for performance of Equipment (Reactor) with supply in the scope:

7.4.1 The average annual turnover of the Collaborator/Associates, in the preceding three (3) financial years as on the date of Techno-Commercial bid opening, should not be less than ? 52 million (Indian Rupees Fifty Two million only) or in equivalent foreign currency.

7.4.2 The Net Worth of the Collaborator/Associate as on the last day of the preceding financial year shall not be less than 25% of its paid up share capital.

7.4.3 In case the Collaborator/Associate is not able to furnish its audited financial statements on stand alone entity basis, the unaudited unconsolidated financial statements of the Collaborator/Associate can be considered acceptable provided the Collaborator/Associate further furnishes the following documents on substantiation of its qualification:

7.4.3.1 In case where audited results for the last preceding financial year are not available, certification of financial statements from a practicing Chartered Accountant shall also be considered acceptable.

7.4.4 In case a Collaborator/Associate does not satisfy the financial criteria, stipulated at Cl. 7.4.1 and/ or Cl.7.4.2 above on its own, the holding company would be required to meet the stipulated turnover requirements at Cl.7.4.1 above, provided that the net worth of such holding company as on the last day of the preceding financial year is at least equal to or more than the paid-up share capital of the holding company. In such an event, the Collaborator/Associate would be required to furnish along with Bidder's Techno- Commercial bid, a Letter of Undertaking from the holding company, supported by Board Resolution of the Holding Company (as per the format enclosed in the bidding documents) pledging unconditional and irrevocable financial support to the Collaborator/Associate to honour the terms and conditions of Deed of Joint Undertaking, in case of award.

7.4.5 The unutilized line of credit for fund based and non-fund based limits with cash and bank balances including fixed deposits of the Collaborator/Associate as on a date not earlier than 15 days prior to the date of Techno-Commercial bid opening, duly certified by the Bankers should not be less than ? 38 million (Indian Rupees Thirty Eight million only) or in equivalent foreign currency.

In case certificates from more than one bank are submitted, the certified unutilized limits should be of the same date from all such banks.

7.4.6 Where another Company of the group acting as the Treasury Centre is responsible for Treasury Management of the Collaborator/Associate having combined credit/guarantee limit for the whole group, the Collaborator/Associate would be required to provide a Banker's certificate regarding the unutilized line of credit for fund based and non-fund based limits together with cash and bank balances including fixed deposits available to such Treasury Centre. Further, Treasury Centre shall certify that out of the aforesaid limits certified by the bankers, the Collaborator/Associate shall have access to the line of credit of a level not less than the amount specified at Cl.7.4.5 above. In proof of this, the Bidder would be required to furnish along with Bidder's Techno-Commercial bid, a Letter of Undertaking from the Treasury Centre, supported by a Resolution passed by the Board of Directors of the Collaborator/Associate's holding company, as per the format enclosed in the bidding documents, pledging unconditional and irrevocable financial support to the Collaborator/Associate to honor the terms and conditions of the Deed of Joint Undertaking, in case of award of the contract to the Bidder with whom Collaborator/Associate is associated.

7.4.7 In case the Collaborator/Associate's unutilized line of credit for fund based and non-fund based limits specified at Cl.7.4.5 above is not sufficient, a comfort letter from one of the bankers specified in the bidding documents unequivocally stating that in case of award of the contract to the Bidder with whom Collaborator/Associate is associated, the Bank would enhance line of credit for fund based and non-fund based limits to a level not less than the specified amount to the Collaborator/Associate or to the Treasury Centre as the case may be, shall be acceptable.

NOTES:

(i) Net worth means the sum total of the paid up share capital and free reserves. Free reserve means all reserves credited out of the profits and share premium account but does not include reserves credited out of the revaluation of the assets, write back of depreciation provision and amalgamation. Further any debit balance of Profit and Loss account and miscellaneous expenses to the extent not adjusted or written off, if any, shall be reduced from reserves and surplus.

(ii) Other income shall not be considered for arriving at annual turnover.

(iii) For unutilized line of credit for fund based and non-fund based limits and Turnover indicated in foreign currency, the exchange rate as on seven (7) days prior to the date of Techno-Commercial bid opening shall be used.

7.5.0 Notwithstanding anything stated above, the Employer reserves the right to assess the capabilities and capacity of the Bidder / his Collaborators/ Associates/ Subsidiaries/ Group companies to perform the contract, should the circumstances warrant such assessment in the overall interest of the Employer.

8.0 NTPC reserves the right to reject any or all bids or cancel/withdraw the Invitation for Bids without assigning any reason whatsoever and in such case no Bidder / intending Bidder shall have any claim arising out of such action.

9.0 Prospective Bidders from U.P. State are compulsorily required to provide TIN number at the time of purchase of bidding documents from office of NTPC.

10.0 A complete set of Bidding Documents may be downloaded by any interested Bidder on payment (non-refundable) of the cost of the documents as mentioned above in the form of a crossed account Payee demand draft in favour of NTPC Ltd., Payable at New Delhi or directly through the payment gateway at our SRM Site (https://etender.ntpclakshya.co.in). For logging on to the SRM Site, the bidder would require vendor code and SRM user id and password which can be obtained by submitting a questionnaire available at our SRM site as well as at NTPC tender site (www.ntpctender.com). First time users not allotted any vendor code are required to approach NTPC at least three working days prior to Document Sale Close date along with duly filled in questionnaire for issue of vendor code and SRM user id/ password.

11.0 Issuance of bid documents to any Bidder shall not construe that such bidder is considered to be qualified. Bids shall be submitted online and opened at the address given below in the presence of Bidder's representatives who choose to attend the bid opening. Bidder shall furnish Bid Security, Integrity Pact, Power of Attorney and Joint Deed of Undertaking(s) (if applicable) separately offline as detailed in Bidding Documents by the stipulated bid submission closing date and time at the address given below.

12.0 Transfer of Bidding Documents purchased by one intending Bidder to another is not permissible.

13.0 Address for communication:

AGM (Contract Services-I) / DGM (Contract Services-I)

NTPC Limited,

6th Floor, Engineering Office Complex,

A-8A, Sector-24, NOIDA,

Distt. Gautam Buddha Nagar, (UP), INDIA

Pin - 201301

Fax No.: 0091-120 - 2410011 / 2410335

Tel. No.: 0091-120 - 4948691 / 4948656

e-mail: naveenjain@ntpc.co.in or neerajkumar02@ntpc.co.in

Websites: https://etender.ntpclakshya.co.in or www.ntpctender.com or www.ntpc.co.in