ITI Limited Invites Bidders for 5 MW Grid-Connected Solar Power Plant in Jharkhand

Strategic Insights -

ITI Limited has invited interested parties to participate in an Expression of Interest (EOI) for setting up a 5 MW grid-connected ground-mounted solar power plant in the East Singhbhum District of Jharkhand. The project aims to develop a solar power plant on government land in accordance with the technical requirements and specifications laid down by ITI Limited. The project will not only include engineering, procurement, and construction but also covers the operation and maintenance of the plant for a period of 25 years.

Key Takeaways:

  • The project scope includes engineering, procurement, construction, and 25 years of operation and maintenance of the 5 MW grid-connected solar power plant in Jharkhand.
  • The estimated project cost is around 43.93 Crore.
  • Bidders are required to pay a tender fee of 11,800 through RTGS or NEFT and submit an Earnest Money Deposit (EMD) of 87,86,000, which will be adjusted as Performance Security for the successful bidder.
  • The Performance Security is fixed at 10 percent of the total work order value, and no interest will be paid on the EMD.
  • The successful bidder will be required to furnish a Performance Bank Guarantee equivalent to 10 percent of the total order value.
  • The selection will follow a two-bid system, consisting of a technical bid and a financial bid.
  • The tender specifies important timelines for the process, including the last date for raising clarifications (August 31, 2025) and the last date for bid submission (September 9, 2025).
  • The winning bidder will be required to sign a formal agreement as well as a Pre-contract Integrity Pact with ITI Limited before taking up the work.
  • The project aims to develop a solar power plant supporting renewable energy projects and highlight the push to expand solar capacity in Jharkhand.

Statistics:

  • Estimated project cost: 43.93 Crore.
  • Tender fee: 11,800 (to be paid through RTGS or NEFT).
  • Earnest Money Deposit (EMD): 87,86,000 (mandatory for all bidders without exemption).
  • Performance Security: 10 percent of the total work order value.
  • Performance Bank Guarantee: 10 percent of the total order value (to be furnished by the successful bidder).

Sources:

  • ITI Limited.
  • Global Data Point. "ITI Limited Invites Bidders for 5 MW Grid-Connected Solar Power Plant in Jharkhand." 2022.