purpose vehicle, Bidder shall, in addition, obtain a certificate from DISCOM/ Power
Procurement Agency for commissioning date.
c. Projects executed by Bidder's group company, Holding Company or Subsidiary
Company shall not be considered as Bidder’s experience for meeting the Qualifying
Requirements.
d. The Bidder shall also be considered qualified, 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 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.
e. SPV based Roof-top and ground mounted solar power projects, which are grid
connected, shall be considered as Bidder’s experience for meeting the Qualifying
Requirements.
5
5
.2 Financial Criteria:
.2.1 The average annual turnover of the Bidder, in the preceding three (3) financial
years as on the date of Techno-Commercial bid opening, shall not be less than
INR 281 Lakhs (Rupees Two Hundred and Eighty One Lakhs only).
5
.2.2 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 furnishes the following
further documents on substantiation of its qualification:
Copies of the unaudited unconsolidated financial statements of the bidder
along with copies of the audited consolidated financial statements of the
Holding Company.
A certificate from the CEO/CFO of the Holding Company as per the format
enclosed in the bid documents stating that the unaudited unconsolidated
financial statements form part of the consolidated annual report of the
company.
5
.2.3 In case where audited results for the last financial year as on the date of Techno
Commercial Bid Opening are not available, the financial results certified by a
practicing Chartered Accountant shall be considered acceptable. In case, Bidder
is not able to submit the Certificate from practicing Chartered Accountant
certifying its financial parameters, the audited results of three consecutive
financial years preceding the last financial year shall be considered for evaluating
the 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 the date of Techno-
Commercial Bid Opening and the Certificate from the practicing Chartered
Accountant certifying the financial parameters is not available.