completed for at least one (1) year prior to the last date of submission of Application for Enlistment.

In case Bidder has not executed works of Module Mounting Structure and its foundation of at least one (1) number of Solar PV Power Plant of capacity 10 MWp (minimum), the Bidder shall associate with a firm who has executed works of Module Mounting Structure and its foundation of at least one (1) number of Solar PV Power Plant of capacity 10 MWp (minimum) at single location which is in successful operation for the last six (6) months prior to the last date of submission of Application for Enlistment. In such case Bidder shall furnish a jointly executed certificate regarding its association with the above firm.

Notes:

a.The reference SPV based grid connected power plant of 10MWp or above capacity should be at a single location developed by Bidder for itself or any other client.

b.Bidder shall submit certificate of successful completion and operation from the Owner.

c.Projects executed by Bidder’s group company, Holding Company or Subsidiary Company shall not be considered as Bidder’s experience for meeting the QR.

d.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 Application for Enlistment 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.

e.In case of developer as Bidder in clause 4.1.2, the documentary evidence (certified by Chartered Accountant) for value of executed reference work must be submitted by the Bidder.

f.Developer means an entity who has either executed or got executed the work/ project as owner of infrastructure projects.

4.2.0FINANCIAL CRITERIA

4.2.1The average annual turnover of the Bidder, should not be less than INR. 30 Crore (Indian Rupees Thirty Crore only) during the preceding three (3) completed financial years as on last date of submission of Application for Enlistment.

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 Application for Enlistment, a Letter of Undertaking from the Holding Company, supported by the Holding Company’s Board Resolution, as per the format enclosed in the Enlistment documents, pledging unconditional and irrevocable financial support for the execution of the Contract by the Bidder in case of award.

4.2.2Net 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 the 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:

Net worth (combined) = (X1+ X2+X3) / (Y1+Y2+Y3) X 100 where X1, X2,X3 are individual Net worth which should not be less than 75% of the respective paid up share capitals and Y1,Y2,Y3 are individual paid up share capitals.

4.2.3In case the Bidder is not able to furnish its audited financial statements on standalone entity basis, the unaudited unconsolidated financial statements of the Bidder can be considered acceptable provided the Bidder further furnishes the following documents on substantiation of its qualification:

a)Copies of the unaudited unconsolidated financial statements of the Bidder along with copies of the audited consolidated financial statements of its Holding Company.

b)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 Holding Company.

In case where audited results for the last financial year as on date of submission of application for enlistment are not available, the financial results certified by a practicing Chartered Accountant shall be considered acceptable. In case the Bidder is not able to submit the Certificate from a practicing Chartered Accountant certifying its financial parameters, the audited result of three consecutive financial years preceding the last financial year shall be considered for evaluating financial parameters. Further, a certificate would be required from the CEO/CFO as per the format enclosed in the bidding documents stating that the Financial results of the company are under audit as on submission of Application for Enlistment and the Certificate from a practicing Chartered Accountant certifying the financial parameters is not available.

Notes for Clause 4.2.0

i.Net worth means the sum total of the paid up share capital and free reserves. Free reserves 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.“Holding Company” and “Subsidiary” shall have the meaning ascribed to them as per Companies Act of India.

5.0NTPC reserves the right to reject any or all bids or cancel/withdraw the Invitation for Application without assigning any reason whatsoever and in such case no bidder / intending bidder shall have any claim arising out of such action.

6.0A complete set of Application Documents may be downloaded by any interested applicant 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 downloading Close date along with duly filled in questionnaire for issue of vendor code and SRM user id/password.

Note: No hard copy of Application Documents shall be issued.

7.0Issuance of Enlistment Application Documents to any applicant shall not construe that such Applicant is considered qualified. Application shall be submitted online. Applicant shall furnish Integrity Pact and Power of Attorney separately offline as detailed in Enlistment Documents before the stipulated bid submission closing date and time at the address given below.

8.0Transfer of Enlistment Documents purchased by one intending applicant to another is not permissible.

9.0Address for communication:

Addl. General Manager (Renewable Energy-Contract Services) / Dy General Manager (Renewable Energy- Contract Services), NTPC Limited, Room No. 220, R&D Building, Engineering Office Complex (EOC) Annexe, A-8A, Sector-24, NOIDA, Distt. Gautam Budh Nagar, (UP), India, Pin - 201301 on Telephone No. +91-120- 4947377, +91-120-2410086, Fax: +91-120-2410251; Email:shailendra@ntpc.co.in/hnsingh@ntpc.co.in or at office.

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