SECI issue Tender for BoS Tender for Setting up of grid connected 700 MW Ground mounted Solar PV plant at Radhanesda, Gujarat – EQ

Summary:

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### **1. Project & Tender Overview**

* **Project:** 700 MW Grid-Connected Ground-Mounted Solar PV Power Plant
* **Location:** Radhanesda, Gujarat, India
* **Issuing Authority:** Solar Energy Corporation of India Limited (SECI)
* **Tender No.:** SECI/C&P/OP/11/023/2025-26
* **Issue Date:** 08 January 2026
* **Source of Funds:** Domestic funding and own resources.
* **Tender Type:** Domestic Competitive Bidding, following a **”Single Stage Two Envelope”** procedure with subsequent **Electronic Reverse Auction (e-RA)**.

### **2. Scope of Work (SoW)**

The contractor is required to execute the project on a **Turnkey Basis**, including **5 Years of Comprehensive Operation & Maintenance (O&M)** from the date of commissioning.

**Key Components of Scope:**

**A. EPC (Design, Supply, Installation & Commissioning):**
* Design, engineering, procurement, and supply of all equipment & materials **excluding PV Modules and Transformers** (supplied by SECI).
* Testing at manufacturer’s works, multi-level inspections, packing, forwarding, transportation, and insurance.
* Receipt, unloading, storage, handling at site of all equipment (including owner-supplied modules & transformers).
* Associated civil works, services, permits, licenses, installation.
* Erection, testing, and commissioning of the complete 700 MW (AC) solar PV plant.
* Performance demonstration.

**B. O&M (Operation & Maintenance):**
* Comprehensive O&M of the commissioned plant for a period of 5 years.

### **3. Key Dates & Financials**

* **Pre-Bid Meeting:** 19 January 2026, 1100 HRS (IST). Venue to be notified.
* **Site Visit:** Bidders are advised to visit the site on their own before the pre-bid meeting.
* **Bid Submission Deadline (Online):** 29 January 2026, up to 1400 HRS (IST).
* **Bid Opening (Technical/Commercial):** 29 January 2026, from 1600 HRS (IST).
* **Financial Bid Opening:** To be intimated after shortlisting of techno-commercial bids.
* **Bid Validity Period:** 180 days from the date of opening of the Techno-Commercial Bid (Envelope-I).
* **Tender Processing Fee (Non-Refundable):** INR 25,000 (Exempted for registered MSEs).
* **Earnest Money Deposit (EMD):** INR 33,05,00,000 (Indian Rupees Thirty-Three Crores Five Lakhs). Can be submitted as Bank Guarantee, Demand Draft, Banker’s Cheque, NEFT/RTGS, or a **Payment on Order Instrument (POI)** from REC/PFC. Exempted for registered MSEs.

### **4. Bidder Qualification Requirements (QR)**

Bids can be submitted by a single company or a Joint Venture/Consortium of **not more than 3 companies**.

**A. General Eligibility:**
* Must be an Indian company registered in India. Subsidiaries of foreign companies registered under the Indian Companies Act are eligible.
* Not under any sanction/debarment/blacklisting by the Government of India.
* Not under liquidation, receivership, or similar proceedings.

**B. Technical Eligibility (Meet any ONE of the three routes):**

**Route I – EPC Contractor Experience:**
* **I.A:** Experience in EPC execution of grid-connected ground-mounted solar PV projects of **cumulative capacity ≥ 280 MW** in the last 7 years (operational for at least 6 months).
* **I.B:** At least **2 projects** with individual capacity **≥ 70 MW each**.

**Route II – Developer Experience:**
* **II.A:** Experience as a Developer of grid-connected solar PV projects of **cumulative capacity ≥ 280 MW** in the last 7 years (operational for at least 6 months).
* **II.B:** At least **2 projects** with individual capacity **≥ 70 MW each**.

**Route III – Other Industrial Project Experience:**
* **III.A:** Execution of an industrial project (Power, Steel, Oil & Gas, Cement, etc.) as developer or EPC contractor with a **single project value ≥ INR 826.15 Crores** in the last 7 years (operational for at least 6 months).
* **III.B:** Execution of at least **one electrical substation of 33kV or above** (including circuit breakers & power transformer) operational for at least 6 months.

**C. Financial Eligibility:**
* **Average Annual Turnover (MAAT):** MAAT of the last three financial years (FY 2022-23, 2023-24, 2024-25) should be **≥ INR 495.69 Crore**.
* **Net Worth:** Positive net worth for the last financial year.
* **Working Capital:** Minimum working capital of **INR 260.89 Crore** as per last audited statement, or a bank credit line for the same amount.

**D. Consortium/JV Specific Conditions:**
* The **Lead Partner** must individually meet **100% of the Technical Eligibility**.
* The **Lead Partner** must individually meet **at least 50% of the Financial Eligibility** (MAAT & Working Capital).
* **All partners collectively** must meet **100% of the Financial Eligibility**. Other partners must individually meet at least 25%.
* All members are jointly and severally liable.

### **5. Bidding & Evaluation Procedure**

1. **Single Stage Two Envelope Submission:**
* **First Envelope (Envelope-I):** Techno-Commercial Bid.
* **Second Envelope (Envelope-II):** Price Bid.

2. **Evaluation Process:**
* **Step 1:** Opening and evaluation of Envelope-I. Only technically and commercially responsive bids qualify.
* **Step 2:** Opening of Envelope-II (Price Bids) of qualified bidders only.
* **Step 3: Financial Evaluation:** Calculation of **Evaluated Bid Value (EBV)**.
* **EBV = EPC Price + Net Present Value (NPV) of O&M Price.**
* NPV is calculated at a discounting rate of **8.30%**.
* **Step 4: Electronic Reverse Auction (e-RA):**
* e-RA is conducted on the sum of **EPC Price and NPV of O&M Price**.
* Minimum decrement step: **INR 70,00,000**.
* At least 3 qualified bids are required for e-RA (SECI reserves discretion if fewer).
* Final L1 is determined based on the lowest price **after e-RA**.

3. **Award:** Notification of Award (NOA) is issued to the successful bidder (L1 post e-RA).

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