atleast one plant of 100 kWp or above and cumulative capacity of 880 kWp or above. The
reference plant of 100 kWp or above capacity must have been in successful operation for at
least six months as on the date of techno-commercial bid opening.
Notes for Clause 1.0:
a. The reference SPV based grid-connected power plant of 100 kWp or above capacity
should be at a single location developed by Bidder for itself or any other client.
b. SPV based Roof-top solar power projects, which are grid connected, shall also be
considered as Bidder’s experience for meeting the QR.
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. Bidder shall submit certificate of successful completion and operation from the Owner. In
case, the Bidder has executed the project for its own group company/special purpose
vehicle, Bidder shall, in addition, obtain a certificate from DISCOM/power procurement
agency for commissioning date.
e. The bidder shall also be considered, in case the award for the reference works has been
received by the Bidder directly from either 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.
2.0 FINANCIAL CRITERIA
2.1 The average annual turnover of the Bidder, should not be less than INR 718 lakhs (Indian
Rupees Seven Hundred Eighteen Lakhs 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