NTPC – SAIL POWER COMPANY LIMITED
CORPORATE CONTRACTS & MATERIALS, NEW DELHI
SECTION – I
(IFB)
EPC Package for Durgapur Solar PV Power Project (
20
MWp)
Bid Document No: CC/C&M/C-475
PAGE 6 OF 8
b. SPV based Roof-top solar power projects, which are grid connected, shall also be
considered eligible for QR purposes.
c. Bidder shall submit certificate of successful completion and operation from the Owner.
d. Projects executed by Bidder’s group company, Holding Company or Subsidiary Company
shall not be considered as Bidder’s experience for meeting the QR.
e. In case the award for the reference works has been received by the Bidder 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
along with its techno-commercial bid in support of its claim of meeting requirement
stipulated above. Certificate from owner of the plant shall also be furnished by the Bidder
for successful operation of the reference plant.
f. In case of developer as bidder in clause 1.2 or 1.3, the documentary evidence (certified
by Chartered Accountant) for value of executed reference work must be submitted by the
bidder.
g. Developer means an entity who has either executed or got executed the work/ project as
owner of industrial projects.
h. The execution of industrial project as EPC Contractor under Clause No 1.3 means, such
EPC Contractor is responsible for all the activities i.e. Design/Engineering, Procurement,
Construction and Commissioning of a project/work.
2.0
FINANCIAL
CRITERIA
2.1
The average annual turnover of the Bidder, should not be less than INR 87 Crore (Indian
Rupees Eighty Seven Crore only) during the preceding three (3) completed financial
years as on date of techno-commercial bid opening.
In case a Bidder does not satisfy the annual turnover criteria, stipulated above on its own,
its Holding Company would be required to meet the stipulated turnover requirements as
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 the Holding Company’s 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.
2.2
Net Worth of the Bidder as on the last day of the preceding financial year should not be
less than 100% (hundred percent) of bidder’s paid-up share capital. In case the Bidder
does not satisfy the Net Worth criteria on its own, it can meet the requirement of Net
worth based on the strength of its Subsidiary(ies) and/or Holding Company and/or
Subsidiaries of its Holding companies wherever applicable, the Net worth of the Bidder
and its Subsidiary(ies) and/or Holding Company and/or Subsidiary(ies) of its Holding
Company, in combined manner should not be less than 100% (hundred percent) of their
total paid up share capital. However individually, their Net worth should not be less than
75% (seventy five percent) of their respective paid up share capitals.
Net worth in combined manner shall be calculated as follows: