The Eligibility Criteria for Enlistment of Bidders for Switchyard Package for Solar Power
Projects of NTPC Ltd. is as under :
4.1 TECHNICAL CRITERIA
4.1.1 The Bidder should have designed, constructed/erected, tested and commissioned at least
one (1) Air insulated Substation/Switchyard of 220 KV or above voltage class having at
least six (6) bays which should have been in successful operation for minimum two(2)
years prior to the last date of submission of Application for Enlistment.
4.2 FINANCIAL CRITERIA
4.2.1 The average annual turnover of the Bidder, in the preceding three (3) financial years as
on the date of submission of Application for Enlistment, should not be less than INR 478
Million (Indian Rupees Four Hundred Seventy Eight Millions only) .
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.
4.2.2 Net Worth of the Bidder should not be less than 100% (hundred percent) of Bidder’s paid-
up share capital as on the last day of the preceding financial year on the last date of
submission of Application for enlistment. 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. In such a case, however, 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.
4.2.3 In 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.