NHPC Ltd issue Tender for Roof Top Developer for Setting up Grid Connected Solar Roof Top Plants at Various locations on government buildings in the state of Haryana on RESCO Mode – EQ

Summary:

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### 1. Key Business Opportunity

– **Project:** Design, supply, installation, and commissioning of grid-connected solar rooftop plants.
– **Location:** Government buildings across 14 districts in Haryana (Sonipat, Bhiwani, Fatehabad, Gurugram, Hissar, Jhajjar, Jind, Kaithal, Kurukshetra, Mahendragarh, Palwal, Panipat, Sirsa, Yamunanagar).
– **Model:** RESCO Mode, where the developer (RTD) owns the asset and sells the power to the government entity (HAREDA) under a long-term Power Purchase Agreement (PPA). The tariff is determined through the bidding process.
– **Capacity:** The tender does not specify a single aggregate capacity; rather, bids are invited per kW basis, with financial qualification criteria defined in ₹/kW.

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### 2. Bidding Process & Timeline

– **Process:** Two-part e-tendering (Technical + Financial) followed by an **e-Reverse Auction (e-RA)** .
– **Tender ID:** 2026_NHPC_903395_1
– **Document Download:** Free of cost from the Central Public Procurement (CPP) Portal ([http://eprocure.gov.in](http://eprocure.gov.in)).
– **Bid Document Cost (Non-refundable):**
– ₹1,000 for Sonipat (separate bid)
– ₹1,500 for each of the other 13 districts
– **Submission:** Online only, via the CPP Portal.
– **Bid Validity:** As specified in the NIT (S.No.1, though not explicitly stated in the provided pages, is a critical timeline for business planning).

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### 3. Qualification Requirements (Business Eligibility)

Bidders must meet strict technical and financial criteria to qualify.

#### A. Financial Criteria (Per kW of Quoted Capacity)

Bidders must meet the **Net Worth** requirement and at least one of the **Liquidity** requirements.

| Criteria | Requirement (₹/kW) |
| :— | :— |
| **Net Worth** (Mandatory) | ₹9,000 per kW or above |
| **Liquidity** (Choose one) | |
| – Annual Turnover | ₹4,500 per kW or above |
| – PBDIT | ₹900 per kW or above |
| – Line of Credit (valid for ≥90 days) | ₹1,125 per kW or above |

**Important Business Notes:**
– **Unconsolidated Accounts:** Only unconsolidated audited accounts are considered unless the bidder holds ≥26% paid-up share capital in consolidated entities.
– **Consortium/JV:** Financial requirements must be met **individually** by each member in proportion to their equity commitment and **collectively** to meet 100%.
– **Insolvency:** Bidders with admitted insolvency proceedings under IBC 2016 are ineligible. An undertaking on this is mandatory.

#### B. Eligibility & Legal Standing

– **Entity Type:** Indian incorporated legal entity, Sole Proprietor, Partnership, or LLP.
– **Disqualification:** Bidders with a history of contract termination for poor performance (ineligible for 5 years), blacklisting, or fraudulent practices are disqualified.
– **Consortium/JV:** Allowed with a maximum of **3 members**.
– Lead Member must have **≥50%** shareholding.
– Other members must have **≥20%** shareholding each.
– A Special Purpose Vehicle (SPV) can be formed post-award, with shareholding locked for **1 year after the Scheduled Commissioning Date (SCD)** .

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### 4. Key Business Considerations & Risks

– **Bid Security:** The bid must be accompanied by the required Bid Security (amount not specified in this excerpt but is a critical cost to be factored in).
– **E-Reverse Auction (e-RA):** Even after the financial bid is submitted, an e-RA will be conducted. This means the final tariff will be discovered through a dynamic online auction, leading to aggressive price competition.
– **Parent Company Support:** A subsidiary company can bid using the strength of its parent company, provided the parent signs a separate agreement guaranteeing full technical and financial support and commits to take over in case of default.
– **Stringent Compliance:** Failure to provide all required documents (PAN, GST, EPF, audited accounts with UDIN, etc.) or any deviation in the price schedule template will result in bid rejection and forfeiture of the bid security.
– **Cost of Bidding:** Separate bid documents are required for each district. A business must decide whether to bid for one or multiple districts, as the document cost is per district.

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