NTPC Green Energy Invites Bids for Solar PV Modules for 600 MW Gujarat Project

NTPC Green Energy Ltd. (NGEL), a subsidiary of NTPC Ltd., on behalf of IndianOil NTPC Green Energy Pvt. Ltd. (INGEL)has announced an invitation for online bids for the supply of solar photovoltaic (PV) modules for the upcoming 600 MW INGEL Solar Project in Gujarat.

The tender seeks to procure crystalline bifacial solar PV modules with a minimum nominal rating of 570Wp. The project, located in Bhuj, Gujarat, encompasses two blocks with a total DC capacity of 750 MWp, requiring bifacial modules. Bidders have the option to quote for either one block (378.75 MWp) or both blocks (757.50 MWp), with an additional 1 percent of the quoted quantity required for spares.

The bidding process will follow a two-stage approach, comprising a Techno-Commercial Bid (Stage-I) with no deviations and a subsequent Price Bid (Stage-II), and will not involve a reverse auction. Interested parties can download the detailed bidding documents from the ISN Electronic Tender Services (ETS) portal starting from June 9, 2025, until June 23, 2025.

A pre-bid conference and the last date for submitting queries are scheduled for June 24, 2025. The deadline for the submission of Stage-I (Techno-Commercial) bids is July 3, 2025, with the opening of these bids to follow shortly thereafter. A non-refundable fee of INR 22,500 is applicable for the bidding documents.

All bids must be accompanied by a bid security, the amount of which depends on the capacity quoted. For a single block (378.75 MWp), the bid security is INR 10,00,00,000, while for two blocks (757.50 MWp), it is INR 20,00,00,000. Bids submitted without the requisite bid security in the specified format will be rejected. Bidders opting for a Bank Guarantee or Electronic Fund Transfer for the bid security must submit proof of the same either in a sealed envelope or through the e-tendering portal.

To be eligible, bidders must meet specific technical and financial criteria. Technically, bidders should have previously supplied either solar PV modules or cells with a cumulative capacity of at least 40 MWp, including at least one supply order of 10 MWp or more. Alternatively, a bidder can qualify if it is a Group company, Holding Company, or Subsidiary of a firm meeting this technical requirement, provided a joint undertaking for complete contract performance is submitted. Financially, bidders quoting for one block must have an average annual turnover of at least INR 90 Crore, while those quoting for two blocks need an average annual turnover of INR 180 Crore for any three financial years prior to the techno-commercial bid opening.

Specific Net Worth requirements are also stipulated, which can be met on a standalone or combined basis with related companies under certain conditions. Interested bidders are required to register with the ETS portal and submit a signed Non-Disclosure Agreement to gain access to the bidding documents. NGEL reserves the right to reject any or all bids without assigning any reason.