DETAILED REQUEST FOR PROPOSALS (RFP)
NTPC LIMITED
(A Government of India Enterprise)
REQUEST FOR PROPOSALS (RFP)
FROM
PROMOTERS/LENDERS, AUTHORIZED FINANCIAL INTERMEDIARIES OF THE
POWER GENERATION COMPANIES, INDEPENDENT POWER
PRODUCERS/ DEVELOPERS
FOR
OFFERING THEIR OPERATIONAL SOLAR BASED POWER ASSETS LOCATED
IN INDIA FOR POSSIBLE ACQUISITION BY NTPC
RFP No. RE- ASSET-004-01 Dated: 24/07/2020
Proposal Document No.: RE-CS-ASSET-004-01
1.0 INTRODUCTION
NTPC is India’s largest energy conglomerate and has an installed capacity of
62,110 MW (including JVs) comprising of own stations include 24 coal based, 7
gas based, 1 Hydro 1 Wind 11 Solar and 1 Small hydro plant. Under JV, NTPC
has 9 coal based, 4 gas based and 12 renewable energy projects.
In line with its Long-Term Corporate Plan, NTPC is taking various steps to make
its energy portfolio greener by adding significant capacities of Renewable Energy
(RE) Sources. By 2032, the company plans to have a minimum of 32000 MW
capacity through RE sources constituting nearly 25% of its overall power
generation capacity. RE portfolio of NTPC has ongoing capacity addition projects
with around 2298 MW projects under construction.
The company is also contemplating to increase its renewable generation
capacity through acquisition of Operation Solar based Power Assets located in
India for a minimum capacity of 1000 MW.
2.0 REQUEST FOR PROPOSAL (RFP)
Online Proposals in Two Stages (i.e. Stage-I: Techno-Commercial and
Stage-II: Price) are invited from Promoters/Lenders, Authorized Financial
Intermediaries of the Power Generation Companies, Independent Power
Producers/ Developers for offering their eligible Operational Solar based Power
Assets located in India and meeting broad Criteria for Qualification defined below
at Clause no 4.0.
3.0 PURPOSE OF INVITING RFP
Through this RFP, NTPC intends to shortlist the suitable Operational Solar
Based Power Assets located in India for possible acquisition after evaluating the
offered Projects. The offered Asset(s) can be either an Special Purpose
Vehicle (SPV) wherein the applicant intends to offer their 100% equity for
sale to NTPC or it can be a standalone Asset(s) which the applicant intends
to offer for possible acquisition by NTPC.
The meaning of “Asset(s)” in the RFP can be either an “Asset(s) which is a
Part of SPV proposed for acquisition” or “Standalone Asset(s) proposed for
acquisition”
4.0 BROAD CRITERIA FOR QUALIFICATION
Any Promoters/Lenders, Authorized Financial Intermediaries of the Power
Generation Companies, Independent Power Producers/ Developers are eligible
for offering their Operational Solar Based Power Assets located in India and
meeting following criteria:
I. The Operational Solar based Power Asset should have an installed capacity
of minimum 50 MW (AC) or above in a single location.
II. The Power Purchase Agreement (PPA) of the offered Operational Solar
based Power Asset should have a tariff of less than or equal to INR 5/kwhr
and the PPA should have been approved by the respective State or Central
Regulatory Commission.
III. The power from the Operational Solar based Power Asset must be
evacuated either through a Central Transmission Utility (CTU) or State
Transmission Utility (STU).
IV. The offered Solar PV Asset(s) should be under continuous operation for
atleast one year as on the date of submission of Stage-I proposals.
(Interested parties shall be asked to submit the relevant supporting
documents to verify the qualification on the above Broad Criteria)
Note: The offered Asset(s) can be either an Special Purpose Vehicle (SPV)
wherein the applicant intends to offer their 100% equity for sale to
NTPC or it can be a standalone Asset(s) which the applicant intends
to offer for possible acquisition by NTPC.
5.0 Detailed terms & conditions are given in the Proposal Documents, which are
available for free download at NTPC e-tender website as per following details:
Proposal Document Download
Commencement Date & Timings
24.07.2020
Proposal Document Download
Close Date & Time
24.08.2020 [1800 Hrs (IST)]
Last date for receipt of queries
from Applicants (if any)
27.08.2020
Pre-Proposal Conference Date
and Time
27.08.2020 [1100 hrs (IST)]
Stage-I (Techno-Commercial)
Proposal submission Date &
Time
22.09.2020 [1430Hrs (IST)]
Stage-I (Techno-Commercial)
Proposals Opening Date & Time
22.09.2020 [1500 Hrs (IST)]
Stage-II (Price) Proposals
Receipt Date & Time
Shall be intimated separately by NTPC after
opening of Stage-I (Techno-Commercial)
Proposals
Cost of Proposal Documents
Proposal Documents can be downloaded
free of Cost from
https://www.bharatelectronictender.com
6.0 All Proposals must be accompanied by Earnest Money Deposit (EMD) for an
amount of INR 1,00,00,000/- (INR One Crore only) in the form as stipulated in
the Proposal Documents.
ANY PROPOSAL NOT ACCOMPANIED BY AN ACCEPTABLE EMD IN A
SEPARATE SEALED ENVELOPE SHALL BE REJECTED BY NTPC AS
BEING NON-RESPONSIVE AND SHALL NOT BE OPENED.
7.0 NTPC reserves the right to reject or not consider any or all Proposals or cancel/
withdraw the Request for Proposals without assigning any reason whatsoever
and in such case no Applicant / intending Applicant shall have any claim arising
out of such action.
8.0 Interested parties are required to get registered with M/s ISN Electronic Tender
Services website https://www.bharat-electronictender.com (if not registered
already). After registration, a complete set of Application Documents can be
downloaded by any interested Applicant from Portal https://www.bharat-
electronictender.com with Tender Search Code as NTPC-2020-TN000015
after requesting NTPC for providing authorization for downloading of the
documents.
9.0 Transfer of Proposal Documents downloaded by one intending Applicant to
another is not permissible.
10.0 Proposals shall be submitted online and opened at the address given below in
the presence of Applicant’s representatives who choose to attend the opening of
Proposals. Applicant shall furnish Earnest Money Deposit and Power of Attorney
separately in physical form as detailed in the Proposal Documents by the
stipulated Proposal submission closing date and time at the address given below.
11.0 Address for Communication
AGM (RE-CS)/ Sr. Manager (RE-CS), NTPC Limited,
2nd Floor, Engineering Office Complex-Annexe,
A-8A, Sector-24, NOIDA,
Distt. Gautam Budh Nagar, (UP), INDIA
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