NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, has invited bids for the supply of solar PV modules for its large-scale solar project at Khavda Renewable Energy Park – South Block in the Rann of Kutch, Gujarat. The Invitation for Bids was issued on August 15, 2025, for a total capacity of 1200 MW solar PV projects.

Project Specifications and Requirements

The project involves manufacturing, supply, packing, forwarding, and transportation of crystalline bifacial solar PV modules of a minimum 570 Wp rating, which must be included in the ALMM List-I. The project DC capacity is 1560 MWp, divided into four blocks of 390 MW each, with an additional 1% spare modules required.

The bidding process will be conducted through a single-stage two-envelope system covering techno-commercial and price bids, followed by a reverse auction. Bidding documents are available for download between August 18, 2025, and August 21, 2025, with the cost of bidding documents fixed at INR 22,500.

Bidding Timeline and Process

The schedule includes a pre-bid conference and the last date for queries from prospective bidders on August 22, 2025. The final date for submission of bids is August 28, 2025, at 3:00 PM IST, with the techno-commercial bids opening on the same day at 3:30 PM IST. For participation, bidders are required to submit bid security (EMD) depending on the block capacity quoted.

For one block of 393.9 MWp, the EMD is INR 10 crore, while for two, three, or four blocks, the EMD is INR 20 crore. The EMD can be submitted through electronic fund transfer or bank guarantee, and bids not accompanied by an acceptable EMD will be considered non-responsive.

Micro and Small Enterprises (MSEs) with valid UDYAM registration are exempted from paying the bidding document cost and EMD. No hard copies of bidding documents will be issued, and all submissions must be made online.

Qualifying Requirements

The tender specifies qualifying requirements, including technical and financial criteria. Technically, bidders must have supplied at least 200 MWp of solar PV modules or cells within 12 months in the last five years, with one order of at least 50 MWp. They must also have a manufacturing capacity of 1.67 times the quoted capacity.

Financially, the average annual turnover in the last three financial years must be at least 0.247 times the quoted capacity in MWp (in INR crore). Net worth should be at least equal to the paid-up share capital. Bidders may rely on their holding or subsidiary companies to meet financial eligibility if required.

Project Financing and Strategic Significance

All bids will be financed either from NTPC REL's resources or through external borrowings. This tender represents a significant step in NTPC REL's renewable energy expansion plan and highlights the continued focus on large-scale solar projects in Gujarat's Khavda region. The strict eligibility and financial criteria ensure that only experienced and financially sound players will participate in this 1200 MW solar PV supply tender.

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