f. For Clause 6.1.2, bidder shall submit certificate of successful commissioning of the
project issued from Government Renewable Nodal Agency/ Government Enterprise/
Discom/ Electricity Board etc.
g. For Clause 6.1.2, bidder shall submit evidence of successful operation from
intermediary procurer/ procurer/Discom/ Electricity Board etc.
h. Developer means an entity who has either executed or got executed the work/
project as owner of industrial projects.
i. The execution of industrial project as EPC Contractor under Clause No. 6.1.3
means, such EPC Contractor is responsible for all the activities i.e.
Design/Engineering, Procurement, Construction (with/without civil works) and
Commissioning of a project/work.
j. The portion of work related to power transformer such as supply and or installation
mentioned at cl. no. 6.1.3 (b) can either be done by EPC contractor by themselves
or by the owner.
k. EPC projects with solar PV module supplied by developer/owner as free issue item
to EPC contractor shall also be considered eligible for route 6.1.1 of QR.
6.2.0 FINANCIAL CRITERIA
6.2.1 The average annual turnover of the Bidder, should not be less than Rs. 210 Crore
(Indian Rupees Two Hundred and Ten Crore Only) during the preceding three
(3) 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.
6.2.2 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 the Holding Company, in combined manner
should not be less than 100% (hundred percent) of their total paid up share capital.