NHPC Ltd issue Tender for Implementation of Rooftop Solar Projects on Government Buildings of allocated Central Ministries in RESCO Mode under PMSG-MBY – EQ

Summary:

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**Key Business Requirements:**
1. **Eligible Entities:** Indian incorporated legal entities (Sole Proprietor, Partnership Firm, LLP, Company). Joint Ventures (JVs) or Consortiums are allowed with a maximum of 3 members. The Lead Member must hold at least 50% share, and other members at least 20%.
2. **Financial Strength:** Bidders must demonstrate sufficient financial capability through either Annual Turnover, PBDIT, or a Line of Credit. The required amounts vary per kilowatt (KW) and are higher for Special Category States.
– *Example:* Annual Turnover required is Rs. 4,500 per KW for Normal States and Rs. 4,950 per KW for Special Category States.
3. **Parent Company Support:** Subsidiary companies can qualify based on the technical and financial strength of their Parent/Holding Company, provided the Parent gives an unconditional guarantee of performance.
4. **Bid Security (EMD):** A fixed amount is required for each state/UT, ranging from Rs. 1,00,000 to Rs. 4,22,000 depending on the state.

**In essence:** This is a significant government-backed tender for the solar industry, offering project developers the chance to build and operate rooftop solar assets on public buildings across India. The RESCO model requires strong financial backing, as the developer bears the upfront investment cost. The bidding is expected to be highly competitive, with an e-Reverse Auction driving down tariffs.

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### Detailed Summary of the NHPC Rooftop Solar Tender

This document is a Request for Selection (RfS) / Notice Inviting Tender (NIT) issued by NHPC Limited, acting as the Project Management Consultant (PMC) for NHPC Renewable Energy Limited (NHPC REL). It invites bids from eligible Rooftop Developers (RTDs) to implement Rooftop Solar Projects on government buildings under the PM Surya Ghar Muft Bijli Yojana (PMSG-MBY) in a RESCO mode.

#### Key Tender Details (The “Who, What, Where, When”)

– **Tender Reference:** NH/CCW/CC-I/CO-441/PR61325/11 Dt.30/01/2026
– **Tender ID:** 2026_NHPC_898454_1
– **Mode of Tendering:** e-Procurement System (online) with two covers:
– **Cover-I:** Techno-Commercial Bid
– **Cover-II:** Price Bid (Financial Bid)
– **Tender Inviting Authority:** General Manager (Civil Contracts-I), NHPC, Faridabad.
– **Bid Document Cost:** Varies by state/UT, ranging from Rs. 500 to Rs. 5,000.
– **Bid Security (EMD):** Varies by state/UT, ranging from Rs. 1,00,000 to Rs. 4,22,000.
– **Bid Validity:** 120 days from the last date of bid submission.
– **Commissioning Period:** 9 months from signing the PPA (Normal Category States) or 12 months (Special Category States).

**Critical Dates:**
– **Document Download Start:** February 17, 2026 (18:00 Hrs)
– **Online Bid Submission Start:** February 18, 2026 (11:00 Hrs)
– **Online Bid Submission Closing:** March 18, 2026 (17:30 Hrs)
– **Last Date for Offline Submission (Physical Docs):** March 19, 2026 (up to 17:00 Hrs)
– **Technical Bid Opening:** March 20, 2026 (15:00 Hrs) at NHPC Office, Faridabad.
– **e-Reverse Auction (e-RA) Start:** To be intimated separately.

#### Qualification Requirements for Bidders (Clause 2.0)

**2.1 Eligible Bidders:**
– Must be an Indian incorporated legal entity (Sole Proprietor, Partnership Firm, LLP, Company).
– Must not be under any declaration of ineligibility, ban, or debarment by any Government institution or PSU in India.
– Bidders with contracts terminated for poor performance are ineligible for 5 years from the date of termination.
– Must meet the specific qualification criteria in Clause 2.2.

**2.2 Qualification Criteria:**
Bidders must demonstrate financial capability to manage the project’s fund requirements. They can meet **any one** of the following three criteria. The required values are per KW of the quoted capacity and differ for Normal and Special Category States.

– **Annual Turnover (2.2.2.1):**
– Normal Category States: Rs. 4,500 per KW
– Special Category States: Rs. 4,950 per KW
– **OR, Profit Before Depreciation, Interest, and Taxes (PBDIT) (2.2.2.2):**
– Normal Category States: Rs. 900 per KW
– Special Category States: Rs. 990 per KW
– **OR, Line of Credit (2.2.2.3):** An in-principle sanction letter from a lending institution, not older than 90 days from the bid date.
– Normal Category States: Rs. 1,125 per KW
– Special Category States: Rs. 1,238 per KW

**Important Notes on Financials:**
– For consortiums, the financial requirements are met by each member in proportion to their equity commitment.
– Unconsolidated audited accounts can be used if the bidder has at least 26% paid-up share capital in each company whose accounts are merged.
– Bids will be rejected if a company (or its supporting Parent/Holding Company) has insolvency proceedings admitted against it under the Insolvency and Bankruptcy Code (IBC), 2016.

#### Rules for Joint Ventures (JV) and Consortiums (Clause 3.0 & 3.1)

– Maximum of 3 members allowed.
– **Lead Member:** Must have at least 50% shareholding in the JV/Consortium.
– **Other Members:** Minimum shareholding of 20% each.
– A JV/Consortium Agreement must be submitted, detailing roles, responsibilities, and participation shares.
– If awarded the contract, the JV/Consortium is allowed to form a Special Purpose Vehicle (SPV) with the same shareholding proportions as the original consortium. This shareholding cannot be changed until one year after the Scheduled Commissioning Date (SCD).

#### Rules for Subsidiary Companies (Clause 3.2)

– A subsidiary can qualify based on the **unconditional technical and financial strength of its Parent/Holding Company**.
– The Parent Company must commit to signing a separate agreement with NHPC, guaranteeing full support and undertaking to complete the work itself if the subsidiary fails to perform.
– The experience of other subsidiary companies of the same Parent will be considered as the experience of the Parent.
– Financial evaluation for such bidders will be based on the **consolidated Annual Report** of the Parent/Apex Parent Company.
– **Crucial Condition:** A subsidiary qualifying on its Parent’s strength **cannot** participate as a sub-contractor.

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