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DETAILED INVITATION FOR BIDS

NTPC Limited

(A Govt. of India Enterprise)

(CORPORATE CONTRACTS, NOIDA)

INVITATION FOR BIDS (IFB)

FOR

MAIN PLANT TURNKEY PACKAGE

FOR

BARETHI SUPER THERMAL POWER PROJECT, STAGE-I (4X660 MW),

DISTRICT- CHHATARPUR, STATE OF MADHYA PRADESH, INDIA

(International Competitive Bidding)

IFB No.: 40031210

Date: 31.12.2014

Bidding Document No. CS-9579-001(R)-2

1.0NTPC invites online bids from eligible bidders in TWO STAGES (i.e. Stage-I: Techno- Commercial Bid and Stage-II: Price Bid) for Main Plant Turnkey Package for Barethi Super Thermal Power Project (4x660 MW), located at Chhatarpur District of Madhya Pradesh State, India, as per the brief Scope of Work mentioned hereinafter.

2.0BRIEF SCOPE OF WORK

The Brief scope of work for the subject Main Plant Turnkey Package for Barethi STPP, Stage-I (4x660 MW) is as follows:

Design, Engineering, Manufacture, Supply, Construction, Erection, Testing & Commissioning works for the Main Plant Turnkey Package for Barethi Super Thermal Power Project (4 x 660 MW), on BTG island basis, covering the following activities and services in respect of Steam Generator, Steam Turbine Generator and Electrostatic Precipitator, Ash Handling, Coal Conveying facilities ,electrical systems including Switchyard, Firefighting, associated Control &Instrumentation and Civil, Structural and Architectural works and Solar PV Plants at roof-top covered under the specifications:

a)Basic Engineering of the plant;

b)Detailed design of all the equipment and equipment system(s) including civil, structure steel & Architectural works included in bidder's scope.

c)Providing engineering drawings, equipment sizing & performance data, instruction manuals, as built drawings and other information;

d)Compliance with statutory requirements and obtaining clearances from statutory authorities, wherever required;

e)Complete manufacturing including shop testing/type testing;

f)	The Civil, structural and architectural works including topographical survey,

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Complete site levelling, construction water for plant area, water supply and sanitation, infrastructure works including major roads, drains as envisaged in tender GLP, Effluent &sewage treatment facility for plant, main plant area structures and foundations including turbine building, bunker building, boiler structure, ESP structure, service building, compressor house, coal conveying facilities, Ash handling plant, chimney, pipe/cable galleries and pipe/cable trenches, duct banks, pedestals, other buildings and structures, transformer yard structures, switchyard structures, fuel oil handling system and fire protection system (Partly) structures and foundations, bridges and culverts for crossing of roads / Rail Tracks inside plant area, landscaping and other miscellaneous buildings and structures.

g)Packing and transportation from the manufacturer’s works to the site including logistic studies, insurance, customs clearance & port clearance, port charges, if any.

h)Receipt, storage, preservation, handling and conservation of equipment at the site;

i)Fabrication, pre-assembly, if any, erection, insurance, testing, commissioning and completion of facilities including putting into satisfactory operation all the equipment including successful completion of initial operation;

j)Performance and guarantee tests after successful completion of initial operation;

k)Supply of spares on FOR site basis;

l)Reconciliation with Customs Authorities, in case of foreign Bidders;

m)Satisfactory conclusion of the Contract;

n)Insurance and other requirements

Detailed scope of work has been specified in the bidding documents.

3.0NTPC intends to finance Main Plant Turnkey Package for Barethi STPP, Stage-I (4x660 MW) through External Commercial Borrowings/Own Resources.

4.0Detailed 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:

Issuance of IFB	31.12.2014

Documents Sale Dates & Timings	02.01.2015 to 21.01.2015 (up to 1730
	hrs. IST)

Last date for receipt of queries from bidders (if any)	30.01.2015

Bid receipt date & time for Stage-I (Techno–	04.02.2015 up to 1430 Hrs.(IST)
Commercial) bid
Date & Time for opening of Stage-I (Techno–	04.02.2015 at 1500 Hrs.(IST)
Commercial) bid
Cost of Bidding Documents in INR	22,500/-

Cost of Bidding Documents in USD for foreign	500/-
bidder
Price Bid (Stage-II) Submission Date & Time	Shall be intimated after opening of
	Stage-I (Techno-Commercial) Bids to
	the successful bidders of Stage-I

4.1Prospective bidders from U.P State are compulsorily required to provide TIN number at the time of purchase of bidding documents from office of NTPC.

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5.0All bids must be accompanied by Bid Security for an amount of ` 1,846,518,000/- (Indian Rupees One Thousand Eight Hundred Forty Six Million Five Hundred Eighteen Thousand Only) or US

Dollars 29,539,600 (US Dollars Twenty Nine Million Five Hundred Thirty Nine Thousand Six Hundred Only) in the form as stipulated in the Bidding Documents.

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 BIDDERS WITHOUT BEING OPENED.

6.0BENEFITS / EXEMPTIONS TO SUPPLIES FOR MEGA POWER PROJECTS

Barethi Super Thermal Power Project, Stage-I (4x660MW) has been declared a Mega Power Project by the Government of India. Accordingly, supplies of goods for this package shall be eligible for the benefits/exemptions as per provisions of relevant notifications of the Govt. of India.

7.0Qualifying Requirements for Bidders (QR):

1.0.0The Bidder should meet the qualifying requirements of any one of the qualifying routes stipulated under clause 1.1.0 or 1.2.0 or 1.3.0 or 1.4.0 or 1.5.0 or 1.6.0. In addition, the Bidder should also meet the requirements stipulated under clause 2.0.0, 3.0.0, 4.0.0 & 5.0.0 together with the requirements stipulated under section ITB.

1.1.0 Route 1: Qualified Steam Generator and/or Qualified Steam Turbine Generator Manufacturer

1.1.1(A) The Bidder should have designed, engineered, manufactured/got manufactured, erected/supervised erection, commissioned/supervised commissioning of at least one (1) number of pulverized coal fired supercritical Steam Generator having rated capacity of 1500 tonnes of steam per hour or above. Further, such Steam generator should be of the type specified, i.e. single pass (tower type) or two pass type using either spiral wound (inclined) or vertical plain or vertical rifled type water wall tubing, and should have been in successful operation for a period of not less than one (1) year prior to the date of techno-commercial bid opening. In addition, the above Steam Generator should have been provided with evaporator suitable for variable pressure operation (sub-critical and super-critical pressure ranges).The Bidder shall offer only the type of Steam Generator and type of water wall tubing for which he is qualified.

AND/OR

1.1.1(B) The Bidder should have designed, engineered, manufactured / got manufactured, erected / supervised erection, commissioned / supervised commissioning of (i) at least one (1) number supercritical steam turbine of tandem compound, condensing, reheat type of 500 MW or above capacity with main steam pressure, of 225 Kg/cm2 (gauge) or higher and main steam / reheat temperature of 5350 C / 5350 C or higher and (ii) at least one (1) number of generator of two pole, Thermal class 155(F) winding insulation, hydrogen / water cooled stator and hydrogen / water cooled rotor of 500MW or above capacity. These steam turbine and generator should have been in successful operation for a period of not less than one (1) year prior to the date of techno-commercial bid opening.

1.1.2The Bidder should have registered in India under the Companies Act of India, either a Subsidiary Company or a Joint Venture (JV) Company for manufacturing of supercritical steam generator sets and/or supercritical steam turbine generator sets for which it is qualified.

(a)In case the Bidder has formed a Subsidiary Company then the Subsidiary Company of the Qualified Steam Generator and/or Qualified Steam Turbine Generator Manufacturer should have been registered in India under the Companies Act of India for manufacturing supercritical steam generator and/or supercritical steam turbine generator sets covering the type, size and rating specified as on the date of techno-commercial bid opening. If the Subsidiary Company is registered as a public limited Company then it should have obtained certificate for Commencement of Business in India as on the date of techno-commercial bid opening.

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The Subsidiary Company shall remain a subsidiary Company of the Qualified Steam Generator Manufacturer and/or Qualified Steam Turbine Generator Manufacturer for a minimum period of 7 years from the date of incorporation of such Subsidiary Company or up to the end of the defect liability period of the contract whichever is later.

(b)In case the Bidder has formed a JV Company then, the Joint Venture (JV) Company should have been incorporated in India under the Companies Act of India, as on the date of techno-commercial bid opening and promoted by (i) an Indian Company registered in India under the Companies Act of India and (ii) a Qualified Steam Generator Manufacturer and/or Qualified Steam Turbine Generator Manufacturer, for the purpose of manufacturing supercritical steam generator and/or supercritical steam turbine generator sets covering the type, size and rating specified. If the JV Company is incorporated as a public limited Company then it should have obtained certificate for Commencement of Business in India as on the date of techno-commercial bid opening.

The Qualified Steam Generator Manufacturer and/or Qualified Steam Turbine Generator Manufacturer shall maintain a minimum equity participation of 26% in the JV Company for a lock-in period of 7 years from the date of incorporation of JV Company or up to the end of the defect liability period of the contract whichever is later.

One of the promoters shall be a majority stakeholder who shall maintain a minimum equity participation of 51% in the JV Company for a lock in period of 7 years from the date of incorporation of JV Company or up to the end of the defect liability period of the contract whichever is later.

(c)In case the Bidder meets the requirements indicated at 1.1.1(A)/(B) and 1.1.2(a)/(b) for either steam Generator sets or steam turbine generator sets (and not for both) then the Bidder shall associate/ collaborate for the other equipment with either of the following and shall source the equipment i.e. steam turbine generator set or steam generator set, only from such qualified associate.

(i)Qualified Steam Turbine Generator Manufacturer or Qualified Steam Generator Manufacturer, who shall in turn meet the requirements stipulated at 1.1.1(B) in conjunction with 1.1.4 (as applicable) or 1.1.1(A) above as the case may be along with requirements stipulated at 1.1.2 (a) / (b) and 3.0.0 for the respective equipment Or

(ii)Indian subsidiary / JV Company of Qualified Steam Turbine Generator Manufacturer or Qualified Steam Generator Manufacturer, who shall in turn meet the requirements stipulated at 1.3.1(a) in conjunction with 1.3.3 (if applicable) or 1.4.1(a) in conjunction with 1.4.3 (if applicable) as the case may be along with requirements stipulated at 3.0.0 for the respective equipment

1.1.3The Bidder shall furnish Deeds of Joint Undertaking (DJUs) as per the following table:

DJU	Executants	BG

For Steam Generator	The Bidder	-------
	Indian Subsidiary / JV Company for steam Generator	0.15%
	Other promoter having 25% or higher equity participation	0.15%
	in Indian Subsidiary Company / JV Company for steam
	Generator

	QSGM (applicable if other than bidder)	0.3%

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DJU	Executants	BG

For Steam Turbine Generator	The Bidder	------
	QSTGM (applicable if other than bidder)	0.3%
	Indian Subsidiary / JV Company for Steam Turbine	0.15%
	Generator

	Other promoter having 25% or higher equity participation	0.15%
	in Indian Subsidiary Company / JV Company for Steam
	Turbine Generator
	Qualified Generator Manufacturer (If applicable)	0.1%
For Project Management If	The Bidder	------
applicable as per clause 4.1.0
applicable as per clause 4.1.0	Project Management Organization	INR 20
		Million
For Engineering If applicable as	The Bidder	----
per clause 5.0.0	Architect Engineering Firm	INR 1.5
		Million

In the Deed of Joint Undertaking for Steam Generator and Auxiliaries, all the executants of DJU shall be jointly and severally liable to the Employer for successful performance of the contract for the scope related to steam generator and auxiliaries as per the format enclosed in the bidding documents.

In the Deed of Joint Undertaking for Steam Turbine Generator and Auxiliaries all the executants of DJU shall be jointly and severally liable to the Employer for successful performance of the contract for the scope related to Steam Turbine Generator and Auxiliaries including turbine cycle, regenerative feed heating and pumping system as per the format enclosed in the bidding documents.

Qualified Generator Manufacturer (where ever applicable) shall be liable to the Employer for successful performance of the generator and its auxiliaries as per the format enclosed in the bidding documents

Where the Bank Guarantee (BG) amount is indicated as %, the same shall be % of the total contract price.

In case the Bidder gets qualified using notes and/or other clauses then the DJU and BG requirement indicated in such notes / clauses shall also apply in addition to above.

The Deeds of Joint Undertaking shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected.

Applicable BGs are in addition to the contract performance security to be furnished by the Bidder.

Applicable BGs shall be furnished in case of award.

1.1.4A super critical steam turbine manufacturer who meets the requirements of clause 1.1.1(B) except for generator would also qualify provided the Subsidiary Company / JV Company (as the case may be) associates and have a Technology Transfer agreement with a Generator Manufacturer who meets the requirements of clause 1.1.1(B) fully in respect of generator, hereinafter referred to as Qualified Generator Manufacturer.

The Qualified Generator Manufacturer shall maintain a minimum equity participation of 10 % in the Indian Subsidiary Company or the JV Company (as the case may be), for a lock-in period of 7 years from the date of incorporation of the Indian Subsidiary Company or JV Company (as the case may be) or up to the end of defect liability period of the contract whichever is later.

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The Qualified Generator Manufacturer shall necessarily be one of the executants of DJU being submitted by the Bidder (for steam turbine generator and auxiliaries) as per clause 1.1.3 above.

1.2.0Route 2: Indian Steam Generator and Steam Turbine Generator Manufacturer

1.2.1The Bidder should be an Indian Steam Generator and Steam Turbine Generator Manufacturing company who have designed, engineered, manufactured/got manufactured, erected/ supervised erection, commissioned/ supervised commissioning (i) at least one (1) number pulverized coal fired steam generator for a 500 MW or higher size unit and (ii) at least one (1) number of reheat type of steam turbine and generator set of 500 MW or above capacity, which should have been in successful operation for a period of not less than one(1) year prior to the date of techno-commercial bid opening.

Such Indian Steam Generator and Steam Turbine Generator Manufacturing Company should have valid ongoing collaboration and technology transfer agreement(s) including license to manufacture and supply supercritical steam generator and supercritical steam turbine generator sets covering the type, size and rating specified, in India with a Qualified Steam Generator Manufacturer and a Qualified Steam Turbine Generator manufacturer meeting requirements of clause 1.1.1(A) and 1.1.1(B) respectively, valid minimum up to the end of the defect liability period of the contract. The collaboration and technology transfer agreements could be separate for supercritical steam generator and supercritical steam turbine generator with separate Qualified Steam Generator Manufacturer and Qualified Steam Turbine Generator Manufacturer. The Bidder shall offer only the type of Steam Generators i.e. single pass (tower type) or two pass type and type of water wall tubing for which its Collaborator is qualified.

1.2.2The Bidder shall furnish two separate DJUs (i) executed by it and the Qualified Steam Generator Manufacturer in which the executants of DJU shall be jointly and severally liable to the Employer for successful performance of the Supercritical Steam Generator and (ii) other executed by it and the Qualified Steam Turbine Generator Manufacturer, in which the executants of DJU shall be jointly and severally liable to the Employer for successful performance of the Super Critical Steam Turbine Generator as per the formats enclosed in bidding documents. The Deeds of Joint Undertaking shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected.

In case of award, the Qualified Steam Generator Manufacturer and Qualified Steam Turbine Generator Manufacturer will be required to furnish an on demand bank guarantee for an amount of 0.6% each of the total contract price of the Main Plant Turnkey Package in addition to the contract performance security to be furnished by the Bidder.

1.2.3In case the Bidder has a valid ongoing collaboration and technology transfer agreement with a super critical steam turbine manufacturer who meets the requirements of clause 1.1.1(B) except for generator would also qualify provided the Bidder associates and has a Technology Transfer agreement with a Generator Manufacturer who meets the requirements of clause 1.1.1(B) fully in respect of generator.

The Qualified Generator Manufacturer shall necessarily be one of the executants of DJU being submitted by the Bidder (for steam turbine generator and auxiliaries) along with the techno-commercial bid as per clause 1.2.2 above, in which the Qualified Generator Manufacturer shall be liable to the Employer for successful performance of the generator and its auxiliaries as per the format enclosed in the bidding documents.

In case of award the super critical steam turbine manufacturer and the Qualified Generator Manufacturer shall be required to furnish on demand bank guarantees for an amount of 0.5% and 0.1%respectively of the total contract price of the Main Plant Turnkey Package, in addition to the contract performance security to be furnished by the Bidder.

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1.3.0Route 3: Indian Subsidiary Company of a Qualified Steam Generator Manufacturer and/or Qualified

Steam Turbine Generator Manufacturer

1.3.1(a) The Bidder shall be an Indian Subsidiary Company of a Qualified Steam Generator Manufacturer and/or a Qualified Steam Turbine Generator Manufacturer meeting requirements of clause 1.1.1(A) and/or 1.1.1(B) (as the case may be), registered in India under the Companies Act of India, as on the date of techno-commercial bid opening, for manufacturing supercritical steam generator and/or supercritical Steam Turbine Generator sets covering the type, size and rating specified. If the Subsidiary Company is incorporated as a public limited Company then it should have obtained certificate for Commencement of Business in India as on the date of techno-commercial bid opening.

(b)In case the Bidder meets the requirements indicated at 1.3.1(a) for either steam Generator sets or steam turbine generator sets (and not for both) then the Bidder shall associate/ collaborate for the other equipment with either of the following and shall source the equipment i.e. steam turbine generator set or steam generator set, only from such qualified associate.

1.3.2 The Bidder shall furnish Deeds of Joint Undertaking (DJUs) as per the following table:

DJU	Executants	BG

For Steam Generator	The Bidder	-----
	QSGM	0.3%
	Other promoter having 25% or higher equity participation	0.15%
	in Indian Subsidiary Company / JV Company for Steam
	Generator

	Indian Subsidiary Company / JV Company for Steam	0.15%
	Generator (applicable if other than bidder)
For Steam Turbine Generator	The Bidder	------
	QSTGM	0.3%

	Indian Subsidiary / JV Company for Steam Turbine	0.15%
	Generator (applicable if other than bidder)
	Other promoter having 25% or higher equity participation	0.15%
	in Indian Subsidiary Company / JV Company for Steam
	Turbine Generator
	Qualified Generator Manufacturer (If applicable)	0.1%

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DJU	Executants	BG

For Project Management If	The Bidder	------
applicable as per clause 4.1.0	Project Management Organization	INR 20
		Million
For Engineering If applicable as	The Bidder	----
per clause 5.0.0
per clause 5.0.0	Architect Engineering Firm	INR 1.5
		Million

Where the Bank Guarantee (BG) amount is indicated as %, the same shall be % of the total contract price.

In case the Bidder gets qualified using notes and/or other clauses then the DJU and BG requirement indicated in such notes / clauses shall also apply in addition to above.

The Deeds of Joint Undertaking shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected.

Applicable BGs are in addition to the contract performance security to be furnished by the Bidder.

Applicable BGs shall be furnished in case of award.

1.3.3In case the Bidder is an Indian Subsidiary Company of a super critical steam turbine manufacturer as its promoter meeting the requirements of clause 1.1.1(B) except for generator or if the Bidder’s associate is supercritical steam turbine manufacturer meeting the requirements of clause 1.1.1(B) except for generator would also qualify provided the Subsidiary Company / JV Company of the supercritical steam turbine generator manufacturer associates and has a Technology Transfer agreement with a Generator Manufacturer who meets the requirements of clause 1.1.1(B) fully in respect of generator.

The Qualified Generator Manufacturer shall maintain a minimum equity participation of 10 % in the Indian Subsidiary Company / JV Company for a lock-in period of 7 years from the date of incorporation of the Indian Subsidiary Company /JV Company or up to the end of defect liability period of the contract, whichever is later.

The Qualified Generator Manufacturer shall necessarily be one of the executants of DJU being submitted by the Bidder (for steam turbine generator and auxiliaries) as per clause 1.3.2 above.

1.4.0Route 4: Indian Joint Venture (JV) Company for manufacturing of Super Critical Steam Generator and/or Super Critical Steam Turbine Generator in India between an Indian Company and a Qualified

Steam Generator and/or Qualified Steam Turbine Generator Manufacturer

1.4.1(a) The Bidder shall be a Joint Venture (JV) Company incorporated in India under the Companies Act of India, as on the date of techno-commercial bid opening, promoted by (i) an Indian Company registered in India under the Companies Act of India and (ii) a Qualified Steam Generator Manufacturer and/or Qualified Steam Turbine Generator Manufacturer meeting requirements of clause 1.1.1(A) and/or 1.1.1(B) (as the case may be), created for the purpose of manufacturing in India supercritical steam generator and/or supercritical steam

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turbine generator sets covering the type, size and rating specified. If the JV Company is incorporated as a public limited Company then it should have obtained certificate for Commencement of Business in India as on the date of techno-commercial bid opening.

In the event that the majority stake holder in the JV Company is an entity other than the Qualified Steam Generator Manufacturer and/or Qualified Steam Turbine Generator Manufacturer, it should be an Indian Company and should have executed, in the last 10 years, large industrial projects on EPC basis (with or without civil works) in the area of power, steel, oil & gas, petro-chemical, fertilizer and / or any other process industry with the total value of such projects being INR 10000 million or more. At least one of such projects should have a contract value of INR 4000 million or more. These projects shall be in successful operation for a period of not less than one year prior to the date of techno-commercial bid opening.

(b)In case the Bidder meets the requirements indicated at 1.4.1(a) for either steam Generator sets or steam turbine generator sets (and not for both) then the Bidder shall associate/ collaborate for the other equipment with either of the following and shall source the equipment i.e. steam turbine generator set or steam generator set, only from such qualified associate.

1.4.2 The Bidder shall furnish Deeds of Joint Undertaking (DJUs) as per the following table:

DJU	Executants	BG

Steam Generator	The Bidder	----
	QSGM	0.3%
	Other promoter having 25% or higher equity participation	0.15%
	in Indian Subsidiary/ JV Company for Steam Generator

	Indian Subsidiary/ JV Company for Steam Generator	0.15%
	(applicable if other than bidder)
For Steam Turbine Generator	The Bidder	------
	QSTGM	0.3%

	Indian Subsidiary / JV Company for Steam Turbine	0.15%
	Generator (applicable if other than bidder)

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DJU	Executants	BG

	Other promoter having 25% or higher equity participation	0.15%
	in Indian Subsidiary Company / JV Company for Steam
	Turbine Generator
	Qualified Generator Manufacturer (If applicable)	0.1%
For Project Management If	The Bidder	------
applicable as per clause 4.1.0
applicable as per clause 4.1.0	Project Management Organization	INR 20
		Million
For Engineering If applicable as	The Bidder	----
per clause 5.0.0	Architect Engineering Firm	INR 1.5
		Million

Where the Bank Guarantee (BG) amount is indicated as %, the same shall be % of the total contract price.

In case the Bidder gets qualified using notes and/or other clauses then the DJU and BG requirement indicated in such notes / clauses shall also apply in addition to above.

The Deeds of Joint Undertaking shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected.

Applicable BGs are in addition to the contract performance security to be furnished by the Bidder.

Applicable BGs shall be furnished in case of award.

1.4.3In case the Bidder is an Indian Joint Venture Company with a super critical steam turbine manufacturer as one of the promoters meeting the requirements of clause 1.1.1(B) except for generator or if the Bidder’s associate is supercritical steam turbine manufacturer meeting the requirements of clause 1.1.1(B) except for generator would also qualify provided the JV Company/ Subsidiary Company of the super critical steam turbine generator manufacturer associates and have a Technology Transfer agreement with a Generator Manufacturer who meets the requirements of clause 1.1.1(B) fully in respect of generator.

The Qualified Generator Manufacturer shall maintain a minimum equity participation of 10 % in the Indian JV Company / Subsidiary Company, for a lock-in period of 7 years from the date of incorporation of the Indian JV Company / Subsidiary Company or up to the end of defect liability period of the contract whichever is later.

The Qualified Generator Manufacturer shall necessarily be one of the executants of DJU being submitted by the Bidder (for steam turbine generator and auxiliaries) as per clause 1.4.2 above.

1.5.0Route 5: Indian Company who holds at least 51% equity in a Joint Venture Company for manufacturing Super Critical Steam Generator and/or supercritical Steam Turbine Generator sets in India between an

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Indian Company and a Qualified Steam Generator and/or Qualified Steam Turbine Generator Manufacturer

1.5.1(a) The Bidder shall be Indian Company who holds majority stake in a Joint Venture Company incorporated in India under the Companies Act of India as on the date of techno-commercial bid opening, promoted by (i) a Company registered in India under the Companies Act of India and (ii) a Qualified Steam Generator and/or Qualified Steam Turbine Generator Manufacturer meeting requirements of clause 1.1.1(A) and/or 1.1.1(B) (as the case may be), created for the purpose of manufacturing supercritical steam generator and/or supercritical steam turbine generator sets in India, covering the type, size and rating specified. If the JV Company is incorporated as a public limited Company then it should have obtained certificate for Commencement of Business in India as on the date of techno-commercial bid opening.

The Qualified Steam Generator and/or Qualified Steam Turbine Generator Manufacturer shall maintain a minimum equity participation of 26% in the JV Company for a lock-in period of 7 years from the date of incorporation of JV Company or up to the end of the defect liability period of the contract whichever is later.

The Bidder shall maintain a minimum equity participation of 51% in the JV Company for a lock in period of 7 years from the date of incorporation of JV Company or up to the end of the defect liability period of the contract whichever is later.

The Bidder should have executed in the last 10 years large industrial projects on EPC basis (with or without civil works) in the area of power, steel, oil & gas, petro-chemical, fertilizer and / or any other process industry with the total value of such projects being INR 10000 million or more. At least one of such projects should have a contract value of INR 4000 million or more. These projects shall be in successful operation for a period of not less than one year prior to the date of techno-commercial bid opening.

(b)In case the Bidder meets the requirements indicated at 1.5.1(a) for either steam Generator sets or steam turbine generator sets(and not for both) then the Bidder shall associate/ collaborate for the other equipment with either of the following and shall source the equipment i.e. steam turbine generator set or steam generator set, only from such qualified associate.

1.5.2 The Bidder shall furnish Deeds of Joint Undertaking (DJUs) as per the following table:

DJU	Executants	BG

For Steam Generator	The Bidder	----
	QSGM	0.3%
	Indian Subsidiary / JV Company For Steam Generator	0.15%

	Other promoter having 25% or higher equity participation	0.15%
	in Indian Subsidiary/ JV Company for Steam Generator (if
	other than the bidder)

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DJU	Executants	BG

For Steam Turbine Generator	The Bidder	------
	QSTGM	0.3%
	Indian Subsidiary / JV Company for Steam Turbine	0.15%
	Generator

	Other promoter having 25% or higher equity participation	0.15%
	in Indian Subsidiary Company / JV Company for Steam
	Turbine Generator (applicable if other than bidder)
	Qualified Generator Manufacturer (If applicable)	0.1%
For Project Management If	The Bidder	------
applicable as per clause 4.1.0
applicable as per clause 4.1.0	Project Management Organization	INR 20
		Million
For Engineering If applicable as	The Bidder	----
per clause 5.0.0	Architect Engineering Firm	INR 1.5
		Million

In the Deed of Joint Undertaking for Steam Turbine Generator and Auxiliaries all the executants of DJU shall be jointly and severally liable to the Employer for successful performance of contract for the scope related to Steam Turbine Generator and Auxiliaries including turbine cycle, regenerative feed heating and pumping system as per the format enclosed in the bidding documents.

Where the Bank Guarantee (BG) amount is indicated as %, the same shall be % of the total contract price.

In case the Bidder gets qualified using notes and/or other clauses then the DJU and BG requirement indicated in such notes / clauses shall also apply in addition to above.

The Deeds of Joint Undertaking shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected.

Applicable BGs are in addition to the contract performance security to be furnished by the Bidder.

Applicable BGs shall be furnished in case of award.

1.5.3In case the Indian Joint Venture Company of the Bidder has a super critical steam turbine manufacturer as one of its promoters, who meets the requirements of clause 1.1.1(B) except for generator or if the Bidder’s associate is supercritical steam turbine manufacturer meeting the requirements of clause 1.1.1(B) except for generator would also qualify provided the JV Company/ Subsidiary Company of the supercritical steam turbine generator manufacturer associates and have a Technology Transfer agreement with a Generator Manufacturer who meets the requirements of clause 1.1.1(B) fully in respect of generator.

The Qualified Generator Manufacturer shall maintain a minimum equity participation of 10 % in the Indian JV Company/ Subsidiary Company, for a lock-in period of 7 years from the date of incorporation of the Indian JV Company/ Subsidiary Company or up to the end of defect liability period of the contract whichever is later.

The Qualified Generator Manufacturer shall necessarily be one of the executants of DJU being submitted by the Bidder (for steam turbine generator and auxiliaries) as per clause 1.5.2 above.

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1.6.0Route 6: Company having experience of 500MW Supercritical units on EPC Basis

1.6.1(a)The Bidder should have executed on Engineering, Procurement and Construction (EPC) basis, minimum one

(1) no. 500MW pulverized Coal fired Supercritical unit comprising of at least steam generator and steam turbine generator sets along with their associated auxiliary equipments, electrostatic precipitators/bag filters, Switchyard, Ash handling plant, including associated civil works for the above equipments and systems, which is in successful operation for a period of not less than one (1) year prior to the date of techno-commercial bid opening.

(b) The Bidder meeting the requirements indicated at 1.6.1(a) above except for electrostatic precipitators/bag filters, Switchyard, Ash handling plant, would also qualify provided the Bidder meets the requirement indicated at 4.1.0(b) or associates with a Project Management Organization meeting the requirement indicated at 4.1.0(b).

1.6.2The Bidder shall associate/ collaborate for the (i) Steam Generator and (ii) Steam Turbine Generator sets and shall source these equipments only from the Associate / Collaborator who meets the following:

(i)Qualified Steam Generator Manufacturer, who shall in turn meet the requirements stipulated at 1.1.1(A) along with requirements stipulated at 1.1.2 (a) / (b) and 3.0.0 for the Steam Generator

Indian subsidiary / JV Company of Qualified Steam Generator Manufacturer, who shall in turn meet the requirements, stipulated at 1.3.1(a) or 1.4.1(a) as the case may be along with requirements stipulated at 3.0.0 for the Steam Generator

(ii)Qualified Steam Turbine Generator Manufacturer, who shall in turn meet the requirements stipulated at 1.1.1(B) in conjunction with 1.1.4 (as applicable) above along with requirements stipulated at 1.1.2 (a) / (b)

and 3.0.0 for the Steam Turbine Generator Sets.

Indian subsidiary / JV Company of Qualified Steam Turbine Generator Manufacturer, who shall in turn meet the requirements stipulated at 1.3.1(a) in conjunction with 1.3.3 (if applicable) or 1.4.1 (a) in conjunction with

1.4.3(if applicable) along with requirements stipulated at 3.0.0 for the Steam Turbine Generator Sets.

1.6.3The Bidder shall furnish Deeds of Joint Undertaking (DJUs) as per the following table:

DJU	Executants	BG

For Steam Generator	The Bidder	-----
	QSGM	0.3%
	Indian Subsidiary / JV Company for Steam Generator	0.15%

	Other promoter having 25% or higher equity participation	0.15%
	in Indian Subsidiary Company / JV Company for Steam
	Generator
For Steam Turbine Generator	The Bidder	------
	QSTGM	0.3%

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DJU	Executants	BG

	Indian Subsidiary / JV Company for Steam Turbine	0.15%
	Generator
	Other promoter having 25% or higher equity participation	0.15%
	in associate’s Indian Subsidiary Company / JV Company
	for Steam Turbine Generator
	Qualified Generator Manufacturer (If applicable)	0.1%

For Project Management If	The Bidder	------
applicable as per clause 4.1.0(b)	Project Management Organization	INR 20
		Million
For Engineering If applicable as	The Bidder	----
per clause 5.0.0
per clause 5.0.0	Architect Engineering Firm	INR 1.5
		Million

Where the Bank Guarantee (BG) amount is indicated as %, the same shall be % of the total contract price.

In case the Bidder gets qualified using notes and/or other clauses then the DJU and BG requirement indicated in such notes / clauses shall also apply in addition to above.

The Deeds of Joint Undertaking shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected.

Applicable BGs are in addition to the contract performance security to be furnished by the Bidder.

Applicable BGs shall be furnished in case of award.

1.6.4In case the Bidder’s associate is supercritical steam turbine manufacturer meeting the requirements of clause 1.1.1(B) except for generator would also qualify provided the Subsidiary Company / JV Company of the supercritical steam turbine generator manufacturer associates and has a Technology Transfer agreement with a Generator Manufacturer who meets the requirements of clause 1.1.1(B) fully in respect of generator.

The Qualified Generator Manufacturer shall necessarily be one of the executants of DJU being submitted by the Bidder (for steam turbine generator and auxiliaries) as per clause 1.6.3 above.

Notes for clause 1.0.0

(1)Definitions

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(i)“Qualified Steam Generator Manufacturer” (QSGM) means a manufacturer meeting requirements stipulated at 1.1.1(A).

(ii)“Qualified Steam Turbine Generator Manufacturer” (QSTGM) means a manufacturer meeting requirements stipulated at 1.1.1(B).

(iii)Wherever “Indian Manufacturing Company” is indicated, the same shall mean a Subsidiary Company or a Joint Venture Company or an Indian Steam Generator Manufacturing Company or an Indian Steam Turbine Generator Manufacturing Company registered in India under the Companies Act of India or as per the prevailing laws of India.

(iv)Wherever the term 'coal fired' is appearing above, "coal" shall be deemed to also include bituminous coal/sub- bituminous coal/brown coal/lignite

(2)Erection/Commissioning

Where erection / supervision of erection and commissioning / supervision of commissioning has not been in the scope of the Bidder as mentioned in clause 1.1.0 & 1.2.0, he should have acted as an advisor for erection and commissioning of the Steam Generator & auxiliaries/ Steam Turbine & Generator, as the case may be. Necessary documents / certificates from the client, in support of above shall be furnished along with the techno-commercial bid.

(3)Direct / Indirect order

i)The Bidder / Qualified Steam Generator Manufacturer / Qualified Steam Turbine Generator Manufacturer / Qualified Generator Manufacturer shall also be considered qualified, in case the award for the reference works (steam generator / Turbine and generator) has been received by the Bidder / Qualified Steam Generator Manufacturer / Qualified Steam Turbine Generator Manufacturer / Qualified Generator Manufacturer either directly from owner of plant or any other intermediary organization. A certificate from such owner of plant or the intermediary organization shall be required to be furnished by the Bidder / Qualified Steam Generator Manufacturer / Qualified Steam Turbine Generator Manufacturer / Qualified Generator Manufacturer along with its techno-commercial bid in support of its claim of meeting requirement stipulated at 1.1.1(A), 1.1.1(B), 1.1.4,

1.2.1and 1.2.3 above as the case may be.

ii)Certificate from owner of the plant shall also be furnished by the Bidder / Qualified Steam Generator Manufacturer / Qualified Steam Turbine Generator Manufacturer for the successful operation of the steam generator / turbine generator set as specified at requirement stipulated at 1.1.1(A), 1.1.1(B), 1.1.4, 1.2.1 and

1.2.3above as the case may be along with the techno-commercial bid.

(4)Holding Company as a Qualified Steam Generator Manufacturer and/or Qualified Steam Turbine

Generator Manufacturer

(i)A Holding Company, singularly or collectively along with its Subsidiaries (held either directly or indirectly), meeting the requirements of clause 1.1.1(A) / 1.1.1(B) above, and also owning the technology for supercritical steam generators / supercritical steam turbine generators, shall also be considered as Qualified Steam Generator Manufacturer / Qualified Steam Turbine Generator Manufacturer. However, in such a case either the Indian subsidiary Company created for manufacturing of supercritical steam generator / supercritical steam turbine generators in India shall be a subsidiary of the Holding Company or the Holding Company shall maintain a minimum equity of 26% in the Joint Venture Company, created for manufacturing of supercritical steam generator / supercritical steam turbine generators in India.

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(ii)In such a case, the Holding Company and all such subsidiaries lending strength / experience to the Holding Company shall necessarily be part of the DJU being submitted by the Bidder for successful performance of the contract for the scope related to steam turbine generator and auxiliaries including turbine cycle, regenerative feed heating and pumping system / contract for the scope related to steam generator and auxiliaries (as the case may be) as per the format enclosed in bidding documents.

In case of award, if the Holding Company itself is not the Bidder as a Qualified Steam Generator / Qualified Steam Turbine Generator Manufacturer, the Holding Company and all such entities lending strength / experience to the Holding Company shall each be required to furnish separate on demand bank guarantees for an amount aggregating 0.6%of the total contract price of the Main Plant Turnkey Package divided equally among them, in addition to the contract performance security to be furnished by the Bidder. This bank guarantee requirement shall supersede bank guarantee requirement stipulated at clause 1.1.0(applicable for associate), 1.3.0, 1.4.0, 1.5.0 & 1.6.0 for the Qualified Steam Generator / Qualified Steam Turbine Generator Manufacturer.

However, in case the Holding Company itself is the Bidder as a Qualified Steam Generator Manufacturer / Qualified Steam Turbine Generator Manufacturer as per clause 1.1.0, Bidder shall submit its board resolution stating that in case of any likely change of management control of any of these subsidiaries, the Bidder shall arrange for separate on demand bank guarantees from all such entities lending strength / experience to the Holding Company for fulfillment of requirement of clause 1.1.1(A) / 1.1.1(B) for an amount aggregating 0.6%of the total contract price of the Main Plant Turnkey Package divided equally among them before the change in management control actually occurs.

(iii)As an alternative to the requirements of Note 4(ii) above, the Holding Company, as a Qualified Steam Generator Manufacturer / Qualified Steam Turbine Generator Manufacturer, shall necessarily be part of the DJU being submitted by the Bidder for successful performance of the contract for the scope related to steam turbine generator and auxiliaries including turbine cycle, regenerative feed heating and pumping system / contract for the scope related to steam generator and auxiliaries (as the case may be) as per the format enclosed in bidding documents. However, the Bidder shall submit a board resolution of the Holding Company stating that in case of any likely change of management control of any of these subsidiaries, the Holding Company shall arrange for signing of DJU by all such subsidiaries lending strength / experience to the Holding Company for fulfillment of requirement of clause 1.1.1(A) / 1.1.1(B), in line with the requirements of Note 4(ii) above before the change in management control actually occurs.

In case of award, if the Holding Company itself is not the Bidder as a Qualified Steam Generator Manufacturer / Qualified Steam Turbine Generator Manufacturer, the Holding Company shall be required to furnish separate on demand bank guarantee for an amount of 0.6%of the total contract price of the Main Plant Turnkey Package, in addition to the contract performance security to be furnished by the Bidder. This bank guarantee requirement shall supersede bank guarantee requirement stipulated at clause 1.1.0(applicable for associate), 1.3.0, 1.4.0, 1.5.0 & 1.6.0 for the Qualified steam generator / Qualified Steam Turbine Generator Manufacturer. In case of any likely change of management control of any of its subsidiaries lending strength/ experience, the Holding Company shall arrange for signing of DJU and bank guarantees from all such subsidiaries lending strength / experience to the Holding Company for fulfillment of requirement of clause 1.1.1(A) / 1.1.1(B), in line with Note 4(ii) above before the change in management control actually occurs, in addition to the bank guarantee already furnished by the Holding Company.

However, in case the Holding Company itself is the Bidder as a Qualified steam generator manufacturer / Qualified Steam Turbine Generator Manufacturer as per clause 1.1.0, and anticipates change of management control of any of its subsidiaries lending strength/ experience for fulfillment of requirement of clause 1.1.1(A) / 1.1.1(B), the Holding Company shall arrange for signing of DJU and bank guarantees from all such

Page 16 of 27

subsidiaries lending strength / experience to the Holding Company for fulfillment of requirement of clause 1.1.1(A) / 1.1.1(B), in line with Note 4(ii) above before the change in management control actually occurs, in addition to the bank guarantee already furnished by the Holding Company.

(5)Steam Generator Manufacturer with Technology Tie-up for Variable Pressure Design

In case a supercritical Steam Generator manufacturer meets all the requirements as specified in clause no. 1.1.1(A) above except that the evaporator in the reference steam generator is not designed for variable pressure operation and is designed for constant pressure (Universal Pressure) operation only, in such case, the supercritical Steam Generator manufacturer shall be considered to be qualified, provided that, such supercritical Steam Generator manufacturer has an ongoing license agreement (which covers technology transfer), as on the date of techno-commercial bid opening, with the original Technology Owner (Licensor) for design, manufacture, sell, use, service of once through variable pressure supercritical steam generator technology (with evaporator suitable for variable pressure operation in sub-critical and supercritical pressure ranges).

i.The licensor should have experience of providing such variable pressure design steam generator technology for at least one (1) no. of pulverized coal fired supercritical steam generator for a 1500 T/hr or higher capacity using either spiral wound (inclined) or vertical plain or vertical rifled type water wall tubing with the evaporator suitable for variable pressure operation in sub-critical and super-critical pressure ranges and which should be in successful operation for a period of not less than one (1) year prior to the date of techno-commercial bid opening.

ii.The Bidder shall offer only the type of steam generator i.e. single pass (tower type) or two pass type for which the Bidder is qualified and shall offer only the type of water wall tubing (either spiral wound (inclined) or vertical plain or vertical rifled type) for which his licensor is qualified.

iii.In such an event, the Bidder shall furnish a Deed of Joint Undertaking executed between the Bidder and the supercritical steam generator manufacturer (as the case may be) and its Technology Owner (Licensor), as per the format enclosed in the Bidding Documents towards the Bidder and the licensor being jointly and severally liable to the Employer for successful performance of the Steam Generator along with an extended warranty of at least one (1) year over and above what is required as per tender documents. The Deed of Joint Undertaking shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected.

iv.In case of award, Technology Owner (Licensor) will be required to furnish an on demand bank guarantee for an amount of INR 12 Million (Rupees Twelve Million) Package in addition to the contract performance security to be furnished by the Bidder.

(6)For clause 1.4.0

In case the Indian majority stake holder of the JV Company does not have requisite EPC experience as mentioned at clause 1.4.1 above, it may still be considered qualified if it is wholly owned by a parent company who fully meets the requisite EPC experience provided the parent company maintains its 100% equity in such wholly owned subsidiary for a lock in period of 7 years from the date of incorporation of JV company or up to the end of the defect liability period of the contract whichever is later.

In such a case, the parent company mentioned above shall necessarily be part of DJU being submitted by the Bidder.

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In case of award, the parent company shall be required to furnish an on demand bank guarantee for an amount of 0.1% of total contract price of the Main Plant Turnkey package in addition to the bank guarantee requirement indicated at clause 1.4.2 and 1.4.3.

(7)For clause 1.5.0

Majority stake in JV Company can be held either directly by the Bidder or through its wholly owned subsidiary provided the Bidder maintains its 100% equity in such wholly owned subsidiary for a lock in period of 7 years from the date of incorporation of JV company or up to the end of the defect liability period of the contract whichever is later.

In case majority stake in the JV Company is held by wholly owned subsidiary of the Bidder then such wholly owned subsidiary shall necessarily be part of DJU being submitted by the Bidder.

In case of award the wholly owned subsidiary as mentioned above shall be required to furnish an on demand bank guarantee for an amount of 0.1% of total contract price of Main Plant Turnkey package in addition to the bank guarantee requirement at clause 1.5.2 and 1.5.3.

(8)For clause 1.1.0, 1.3.0, 1.4.0 & 1.5.0

The manufacturing may, alternatively, be carried out by another subsidiary registered for manufacturing supercritical steam generator / supercritical steam turbine generator in India of the above Indian subsidiary / JV Company. In such an event, the manufacturing company shall remain a subsidiary of the Indian subsidiary / JV company with equity lock in for a minimum lock in period of 7 years from the date of incorporation of the manufacturing company or up to the end of the defect liability period of the contract, whichever is later.

In such a case the manufacturing company shall necessarily be part of DJU being submitted by the Bidder.

In case of award the manufacturing company shall be required to furnish an on demand bank guarantee for an amount of 0.1% of total contract price of Main Plant Turnkey package in addition to the bank guarantee requirement at clause 1.1.3, 1.1.4, 1.3.2, 1.3.3, 1.4.2, 1.4.3, 1.5.2 and 1.5.3.

(9)Equity lock in period

Wherever equity lock in period requirement or subsidiary status requirement is indicated, the Bidder would be required to furnish along with his techno-commercial bid, a Letter of Undertaking from the promoter(s) supported by Board Resolution as per the format enclosed in the bid documents, for maintaining required minimum equity for the lock in period mentioned / maintaining the subsidiary status.

(10)For Clause 1.2.0

“Steam Turbine Generator “indicated at clause 1.2.2 shall mean Steam Turbine, Generator and their auxiliaries as included in the DJU formats included in the bidding documents.

“Steam Generator” indicated at clause 1.2.2 shall mean Steam Generator and its auxiliaries as included in the DJU formats included in the bidding documents.

2.0.0Financial Criteria:

2.1.0Financial Criteria for the Bidder

2.1.1The 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 INR 17014 Million (Rupees Seventeen Thousand Fourteen Million only) or in equivalent foreign currency.

2.1.2The Net Worth of the Bidder as on the last day of the preceding financial year as on the date of techno commercial bid opening should not be less than 25% of the paid-up share capital.

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2.1.3In 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 furnishes the following further documents on substantiation of its qualification:

(i)Copies of the unaudited unconsolidated financial statements of the Bidder along with 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 Annual Report of the company.

In cases where audited results for the last preceding financial year as on the date of techno commercial bid opening are not available, certification of financial statements from a practicing Chartered Accountant shall also be considered acceptable.

2.1.4In case any “Bidder” does not satisfy the financial criteria, stipulated at Cl.2.1.1 and / or 2.1.2 above on its own, its Holding Company would be required to meet the stipulated turnover requirements at Cl 2.1.1, 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 bid, a Letter of Undertaking from the Holding Company, supported by Board Resolution, as per the format enclosed in the bid documents, pledging unconditional and irrevocable financial support for the execution of the Contract by the Bidder in case of award.

2.1.5The 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 the Bankers should not be less than INR 30913 Million (Rupees Thirty

Thousand Nine Hundred Thirteen Million only) or in equivalent foreign currency. In case

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

2.1.6Where 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 shall certify that out of the aforesaid limits certified by its bankers’, the Bidder shall have access to the line of credit of a level not less than the specified amount at Cl. 2.1.5 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.

2.1.7In case the Bidder’s unutilized line of credit for fund based and non-fund based limits specified at Cl. 2.1.5 above is not sufficient, a comfort letter from one of the bankers specified in the bid 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 Management Centre as the case may be, shall be acceptable.

2.2.0Financial Criteria for the Collaborator(s) / Associate(s)

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2.2.1The average annual turnover of the Collaborator(s) / Associate(s), in the preceding three (3) financial years as on the date of techno-commercial bid opening, should not be less than the following for different Collaborator(s) / associate(s) as applicable.

Collaborator(s) / Associate(s)	Applicable clauses	Required annual turnover in
		Million INR or in equivalent
		foreign currency

QSGM	1.2.1	INR 1701 Million ( Rupees One
		Thousand Seven Hundred
		One Million Only)

	1.1.2(c),1.3.1(a),	INR 6738 Million (Rupees Six
	1.3.1(b), 1.4.1(a),	Thousand Seven Hundred
	1.4.1(b), 1.5.1(a),	Thirty Eight Million only)
	1.5.1(b), 1.6.2

QSTGM	1.2.1, 1.2.3	INR 1701 Million ( Rupees One
		Thousand Seven Hundred
		One Million Only)

	1.1.2(c),1.3.1(a),	INR 3695 Million (Rupees
	1.3.1(b), 1.4.1(a),	Three Thousand Six Hundred
	1.4.1(b), 1.5.1(a),	Ninety Five Million only)
	1.5.1(b), 1.6.2

Subsidiary Company / JV Company of QSGM	1.1.2(c),1.3.1(b),	INR 6738 Million (Rupees Six
	1.4.1(b), 1.5.1(b),	Thousand Seven Hundred
	1.6.2	Thirty Eight Million only)

Subsidiary Company / JV Company of QSTGM	1.1.2(c),1.3.1(b),	INR 3695 Million (Rupees
	1.4.1(b), 1.5.1(b),	Three Thousand Six Hundred
	1.6.2	Ninety Five Million only)

Separate Generator Manufacturer	1.1.4, 1.2.3, 1.3.3,	INR 1701 Million ( Rupees One
	1.4.3, 1.5.3, 1.6.4	Thousand Seven Hundred
		One Million Only)
Holding Company as QSGM	Notes for clause 1.0.0	INR 6738 Million (Rupees Six
	(4)	Thousand Seven Hundred
		Thirty Eight Million only)

Holding Company as QSTGM	Notes for clause 1.0.0	INR 3695 Million (Rupees
	(4)	Three Thousand Six Hundred
		Ninety Five Million only)
Technology Owner (Licensor to QSGM)	Notes for clause 1.0.0	INR 1701 Million ( Rupees One
	(5)	Thousand Seven Hundred
		One Million Only)

2.2.2The Net Worth of each Collaborator / Associate as on the last day of the preceding financial year as on the date of techno commercial bid opening should not be less than 25% of the paid-up share capital.

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2.2.3In case the Collaborator(s) / Associate(s) is not able to furnish its audited financial statements on stand alone entity basis, the unaudited unconsolidated financial statements of the Collaborator(s) / Associate(s) can be considered acceptable provided the Collaborator(s) / Associate(s) furnishes the following further documents on substantiation of its qualification:

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

In cases 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.

2.2.4In case a Collaborator(s) / Associate(s) does not satisfy the financial criteria, stipulated at Cl.2.2.1 and / or 2.2.2 above on its own, its Holding Company would be required to meet the stipulated turnover requirements at Cl 2.2.1, 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(s) / Associate(s) would be required to furnish along with its bid, a Letter of Undertaking from the Holding Company, supported by Board Resolution (as per the format enclosed in the bid documents), pledging unconditional and irrevocable financial support to the Collaborator(s) / Associate(s) 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.

2.2.5The 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 the following for different

Collaborator(s) / associate(s) as applicable.

Collaborator(s) / Associate(s)	Applicable clauses	Required unutilized line of
		credit in Million INR or in
		equivalent foreign currency

QSGM	1.1.2(c),1.3.1(a), 1.3.1(b)	INR 2017 Million (Rupees Two
	1.4.1(a), 1.4.1(b),	Thousand Seventeen Million
	1.5.1(a), 1.5.1(b), 1.6.2	only)

QSTGM	1.1.2(c),1.3.1(a), 1.3.1(b)	INR 1256 Million (Rupees One
	1.4.1(a), 1.4.1(b),	Thousand Two Hundred Fifty
	1.5.1(a), 1.5.1(b), 1.6.2	Six Million only)

Subsidiary Company / JV Company of QSGM	1.1.2(c),1.3.1(b),	INR 1851 Million (Rupees One
	1.4.1(b), 1.5.1(b), 1.6.2	Thousand Eight Hundred Fifty
		One Million only)

Subsidiary Company / JV Company of QSTGM	1.1.2(c),1.3.1(b),	INR 1090 Million (Rupees One
	1.4.1(b), 1.5.1(b), 1.6.2	Thousand Ninety Million only)

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Separate Generator Manufacturer	1.1.4, 1.2.3, 1.3.3,	INR 111 Million (Rupees One
	1.4.3, 1.5.3, 1.6.4	Hundred Eleven Million only)

Separate Steam Turbine Manufacturer	1.2.3	INR 554 Million (Rupees Five
		Hundred Fifty Four Million only)

QSTGM	1.2.1	INR 665 Million (Rupees Six
		Hundred Sixty Five Million only)
QSGM	1.2.1	INR 665 Million (Rupees Six
		Hundred Sixty Five Million only)
Holding Company as QSGM	Notes for clause 1.0.0	INR 2349 Million (Rupees Two
	(4)	Thousand Three Hundred Forty
		Nine Million only)

Holding Company as QSTGM	Notes for clause 1.0.0	INR 1588 Million (Rupees One
	(4)	Thousand Five Hundred Eighty
		Eight Million only)
Technology Owner (Licensor to QSGM)	Notes for clause 1.0.0	INR 12 Million (Rupees Twelve
	(5)	Million only)

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

2.2.6Where 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 its bankers’, the Collaborator / Associate shall have access to the line of credit of a level not less than the amount specified at Cl. 2.2.5 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 Collaborator / Associate’s holding company, as per the format enclosed in the bidding documents, pledging unconditional and irrevocable financial support to the Collaborator / Associate(s) 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.

2.2.7In case the Collaborator / Associate’s unutilized line of credit for fund based and non-fund based limits specified at Cl. 2.2.5 above is not sufficient, a comfort letter from one of the bankers specified in the bid 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 Management 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

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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 7 days prior to the date of techno-commercial bid opening shall be used.

(iv)“Holding Company” and “Subsidiary Company” shall have the meaning ascribed to them as per Companies Act of India.

(v)In case of bids submitted under Clause 1.3.0 or 1.4.0, the combined Turnover and Un-Utilized Line of Credit of the Promoter(s) (each having Equity Stake more than 25%) of the bidding Subsidiary Company / JV Company would be considered. Each such promoter of the Subsidiary Company / JV Company shall have to meet the Net Worth criteria individually as per clause 2.1.2 and/or 2.2.2. In such an event the Bidder would be required to furnish along with his techno-commercial bid, a Letter of Undertaking from such promoters(s), supported by Board Resolution as per the format enclosed in the bid documents, pledging unconditional and irrevocable financial support for execution of the Contract by the Bidder in case of award.

3.0.0Phased Manufacturing Program and Transfer of Technology

3.1.0The Bidder and its associate shall give firm commitment (for their respective equipment) in the form of an undertaking supported by board resolution to set up / augment the existing manufacturing facility for supercritical Steam Generator and Steam Turbine Generator sets in India either by itself or through its subsidiaries or through Joint Venture (JV) in India in a phased manner as per Phased Manufacturing Program elaborated in the bidding documents.

The manufacturing may, alternatively, be carried out by another subsidiary registered for manufacturing supercritical Steam Generators / supercritical steam turbine generators in India of the above Indian subsidiary / JV Company. In such an event, the manufacturing company shall remain a subsidiary of the Indian subsidiary / JV company with equity lock in for a minimum lock in period of 7 years from the date of incorporation of the manufacturing company or up to the end of the defect liability period of the contract, whichever is later.

In case of award the Bidder shall submit an on demand bank guarantee of INR 650 Millions for Steam Turbine Generators and INR 900 Million for Steam Generators as security for any default against meeting the specified Phased Manufacturing Program.

3.2.0Valid technology transfer agreements including license to manufacture and supply in India, separately for steam generator sets and steam turbine generator sets, between the Qualified Steam Generator Manufacturer / Qualified Steam Turbine Generator Manufacturer or their technology provider (if any) and the Indian Manufacturing Company should be in place on the date of techno-commercial bid opening covering the type, size and rating of the Steam Generators / Steam Turbine Generator sets specified, valid minimum up to the end of the defect liability period of the contract. The signatory of the technology transfer agreement with the Indian Manufacturing Company should either own the technology or should have authorization to use and further license the technology. Documentary evidence to this effect shall be furnished along with the techno- commercial bid. The technology transfer agreement shall necessarily cover transfer of technological know-how for super critical Steam Generator / supercritical Steam Turbine Generator in the form of complete transfer of design dossier, design software’s, drawings and documentation, quality system manuals and imparting

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relevant personnel training to the Indian Manufacturing Company. Such technology transfer agreement must have provision that the transfer of technology to the Indian Manufacturing Company shall be completed by the time last 660 MW supercritical unit is supplied by the Bidder under this tender.

3.3.0Major part (minimum 75%) of the land required for setting up manufacturing facility in India should be in possession with clear title either in the name of the “Indian Manufacturing Company(ies)” or its Indian promoter (but pledged / leased to the Subsidiary / JV company) prior to submission of techno-commercial bid. In case, the Bidder has existing manufacturing facility in India, he should have in possession major part (minimum 75%) of the additional land required with clear title for augmenting his already existing manufacturing facility. "Clear title" shall be deemed to also include land acquired on long term lease basis for minimum 30 years with a provision for further extension.

3.4.0 Promoters of the Subsidiary (ies) / JV Company (ies) will be required to either employ a minimum subscribed and paid up share capital or have net worth of INR 500 million in the respective Subsidiary / JV Company prior to the submission of techno-commercial bid. In case the Bidder is selected for award of the contract, either a minimum subscribed and paid up share capital or net worth of INR 1000 million in the respective Subsidiary / JV Company will have to be ensured by the promoters prior to the date of award. In the event the Bidder fails to meet this requirement, the Employer shall disqualify such Bidder. The certificates from a practicing Chartered Accountant shall be submitted by the Bidder certifying the amount of subscribed and paid up share capital, or net worth as the case may be as on a date not earlier than 15 days from the date of techno- commercial bid opening / award date as applicable.

3.5.0 The Bidder and its associate shall be required to furnish an undertaking (for their respective equipment) with regard to above as per format enclosed with the bidding documents.

Note to clause 3.0.0

Among the bidder and its associate(s) who has already given commitments for PMP and submitted bank guarantees for security for default against specified PMP for steam Turbine Generators / Steam Generator to any Central / State sector power generating Company for supercritical projects shall not be required to furnish further bank guarantees for security for default against specified PMP.

4.0.0 Project Management Experience

4.1.0(a) The Bidder should have executed in the last 10 years large industrial projects on EPC basis (with or without civil works) in the area of power, steel, oil & gas, petro-chemical, fertilizer and / or any other process industry with the total value of such projects being INR 10000 million or more. At least one of such projects should have a contract value of INR 4000 million or more. These projects shall be in successful operation for a period of not less than one year prior to the date of Techno-Commercial bid opening.

4.1.0(b) The Bidder should have executed at least one (1) no of pulverized coal / lignite fired reheat type of unit of at least 200 MW which is in successful operation for a period of not less than one (1) year prior to the date of techno-commercial bid opening. The scope of work of such reference plant should have necessarily included engineering management, procurement management, construction management, and commissioning/ supervision of commissioning of steam generator and steam turbine generator sets with their associated auxiliaries, Electro static precipitators/ bag filters, Switchyard, Ash handling plant for carrying out project

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management. Otherwise the Bidder shall associate with a Project Management Organization who meets the above requirement for project management.

If the project management of the Main Plant Turnkey package is to be carried out by a Project Management Organization other than the Bidder itself then, the Bidder shall furnish undertaking jointly executed by it and Project Management Organization in which all the executants of DJU shall be jointly and severally liable to the Employer to perform successfully all the project management activities included in his scope as per format enclosed in the bidding documents. The Deed of Joint Undertaking shall be submitted along with Techno- Commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected. In case of award, the Project Management Organization will be required to furnish an on demand bank guarantee for INR 20 Million (Rupees twenty Million) in addition to the contract performance security by the Bidder.

5.0.0 Engineering Experience

The Bidder should carryout Engineering of the complete Main Plant Turnkey package either by itself or through an Architect Engineering firm meeting either the requirements indicated at 5.1.0 or 5.2.0 or 5.3.0. below:

5.1.0(a)(i) The Bidder should have carried out Engineering of at least one (1) no. of pulverized coal/ lignite fired reheat type supercritical unit, with minimum unit rating of 500 MW, consisting of steam generator and steam turbine generator sets along with their auxiliaries including mills, fans, Air pre-heaters, steam Generator start up system, regenerative heating and pumping system, Power cycle piping and flash tanks/ flash boxes, which is in successful operation for a period of not less than one (1) year prior to the date of Techno-Commercial bid opening.

And

5.1.0(a)(ii)The Bidder should have carried out Engineering of at least one (1) no. of pulverized coal / lignite fired reheat type unit, with minimum unit rating of 200 MW consisting of steam generator and steam turbine generator sets along with their auxiliaries including mills, fans, Air pre-heaters, regenerative heating and pumping system , Power cycle piping and flash tanks/ flash boxes, Ash handling plant, Switchyard, which is in successful operation for a period of not less than one (1) year prior to the date of Techno-Commercial bid opening.

5.1.0(b) If the Bidder does not meet the requirement indicated at 5.1.0 (a)(i) but meets the requirement indicated at 5.1.0 (a)(ii) then the Bidder shall get the engineering documents related to Thermal cycle, Power Cycle piping and flash tanks/ flash boxes, Steam Generator start up system, Sizing of Main Plant equipments, interface between SG and TG, unit start up and control philosophy vetted by an Architect Engineering Firm who meets the requirement indicated at 5.1.0 (a) (i). In such a case the Bidder shall furnish an Undertaking Jointly executed by it and the architect engineering firm, meeting the requirement indicated at 5.1.0(a)(i) in which all the executants of DJU shall be jointly and severally liable to the Employer to perform successfully all the engineering activities included in the scope of the architect engineering firm as per format enclosed in the bidding documents. The Deed of Joint Undertaking shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected. In case of award, the architect engineering firm will be required to furnish an on demand bank guarantee for INR 1.5 Million (Rupees One and Half Million) in addition to the contract performance security to be furnished by the Bidder.

5.2.0(a)(i) The steam generator and/or steam turbine generator manufacturer bidding under route 1.1.0 or 1.2.0 should be engaged in or should have completed Engineering of at least one (1) no. of pulverized coal/ lignite fired reheat type supercritical unit, with minimum unit rating of 500 MW, consisting of steam generator and steam turbine generator sets along with their auxiliaries including mills, fans, Air pre-heaters, steam Generator start up system,

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regenerative heating and pumping system, Power cycle piping and flash tanks/ flash boxes (in a single contract or in two separate contracts in a single unit), which is under execution prior to the date of Techno-Commercial bid opening.

And

5.2.0(a)(ii) The steam generator and/or steam turbine generator manufacturer bidding under route 1.1.0 or 1.2.0 should have carried out Engineering of at least one (1) no. of pulverized coal / lignite fired reheat type unit, with minimum unit rating of 500 MW consisting of steam generator and steam turbine generator sets along with their auxiliaries including mills, fans, Air pre-heaters, regenerative heating and pumping system , Power cycle piping and flash tanks/ flash boxes, Ash handling plant, Switchyard, which is in successful operation for a period of not less than one (1) year prior to the date of Techno-Commercial bid opening.

5.3.0(a)If the Bidder does not meet either the requirements indicated at 5.1.0 (a)(i) & (ii) or the requirements indicated at 5.2.0(a)(i) & (ii) then, the Bidder shall get the complete engineering of the Main Plant Turnkey package done by an Architect Engineering firm who meets the requirements indicated at 5.1.0 (a) (i) & (ii). In such a case the Bidder shall furnish undertaking jointly executed by it and the Architect Engineering Firm in which all the executants of DJU shall be jointly and severally liable to the Employer to perform successfully all the engineering activities included in its scope as per format enclosed in the bidding documents. The Deed of Joint Undertaking shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected. In case of award, architect engineering firm will be required to furnish an on demand bank guarantee for INR 1.5 Million (Rupees One and Half Million) in addition to the contract performance security to be furnished by the Bidder.

5.3.0(b) As an alternate to 5.3.0(a) the Bidder shall get the engineering of the Main Plant equipment / systems i.e. steam generator and steam turbine generator sets along with their auxiliaries including mills, fans, Air pre- heaters, steam Generator start up system, regenerative heating and pumping system, Power cycle piping and flash tanks/ flash boxes and interface between Boiler and Turbine, done by an Architect Engineering firm who meets the requirements indicated at 5.1.0 (a) (i) and the Bidder shall get the engineering of Balance of Plant including interface between Main plant and Balance of Plant done by another architect engineering firm who meets the requirements indicated at 5.1.0(a)(ii). In such a case the Bidder shall furnish two separate Joint Deed of Undertakings (i) Jointly executed by it and the architect engineering firm for Main Plant Equipment / systems in which all the executants of DJU shall be jointly and severally liable to the Employer to perform successfully all the engineering activities of Main Plant equipment / system included in the scope of the architect engineering firm as per format enclosed in the bidding documents. (ii) Jointly executed by it and the architect engineering firm for Balance of Plant in which all the executants of DJU shall be jointly and severally liable to the Employer to perform successfully all the engineering activities of Balance of Plant including interface between Main Plant and Balance of Plant included in the scope of the architect engineering firm as per format enclosed in the bidding documents. The Deed of Joint Undertakings shall be submitted along with techno-commercial bid, failing which the Bidder shall be disqualified and its bid shall be rejected. In case of award, architect engineering firm for Main Plant equipment / system and for Balance of Plant will each be required to furnish an on demand bank guarantee for INR 1.5 Million (Rupees One and Half Million) in addition to the contract performance security to be furnished by the Bidder.

Note

1.0The term ‘Engineering’ in clause in 5.0.0, shall mean (a) Basic engineering for integration and interface between SG & TG. (b) Pre award engineering for system associated with BTG & BOP, (c) Post award engineering covering review of thermal cycle of the power plant, review and interface engineering for over all integration of various power plant equipment / packages including review of major design documentation such as design/ sizing calculations, layout, plant start up and control philosophy and schematic drawings and other documentation related to Mechanical, Civil, Electrical and C & I design.

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2.0For compliance of requirement stipulated in clause in 5.1.0 (a) (i) & (ii) or 5.2.0(a)(i) & (ii) above, Bidder/ Architectural engineering firm can either use two different reference power plants or single reference power plant.

6.0.0Notwithstanding anything stated above, the Employer reserves the right to assess the capabilities and capacity of the Bidder / his Collaborators / associates to perform the contract, should the circumstances warrant such assessment in the overall interest of the Employer.

8.0NTPC 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.

9.0A 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 e-Tender Site (https://etender.ntpclakshya.co.in). For logging on to the e-Tender Site, the bidder would require user id and password which can be obtained by submitting a questionnaire available at our e-Tender 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 issuance of user id and password.

9.1The Bidding documents purchased either by SG manufacturer or STG manufacturer or Holding company of SG manufacturer or Holding company of STG manufacturer or Indian JV Company of SG manufacturer or Indian JV Company of STG manufacturer or Indian Subsidiary Company of SG manufacturer or Indian Subsidiary Company of STG manufacturer or Indian Company who holds at least 51% equity in the Indian JV Company of SG manufacturer or STG manufacturer or a Company having experience of 500 MW supercritical Units on EPC basis are transferable amongst them.

9.2Issuance of Bid Documents to any Bidder shall not construe that such Bidder is considered to be qualified. Bids shall be submitted and opened at the address given below in the presence of Bidder’s representatives who choose to attend the bid opening.

10.0Address for communication:

AGM (CS-I) / Manager (CS-I) NTPC Limited,

Sixth Floor, Engineering Office Complex, A-8A, Sector-24, NOIDA,

Distt. Gautam Budh Nagar, (UP), INDIA Pin - 201301

Fax No.: 0091-120 – 2410335 / 2410011 Tel. No.: 0091-120 – 2410310 / 4948661 e-mail: anandshanker@ntpc.co.in

naveenjain@ntpc.co.in

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

11.0Registered Office

NTPC Limited

NTPC Bhawan, SCOPE Complex, 7, Institutional Area, Lodi Road, New Delhi – 110003

Corporate Identification Number: L40101DL1975GOI007966, Website: www.ntpc.co.in

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