It has recently come to the attention of the Ministry of Power that the Standard Request for Proposal (RfP) document lacks provisions regarding the technical requirements related to High Voltage Direct Current (HVDC) systems. After careful examination and consultation with the Central Electricity Authority (CEA), the ministry has decided to modify para 2.1.2 of the Standard RfP document to include provisions for Aggregate Capital Cost concerning HVDC systems. This amendment is brought about by a notification dated 21st June, 2023.
According to the revised para 2.1.2, the bidder must fulfill one of the following technical requirements:
- Experience in the development of projects in the Infrastructure Sector within the last 5 years, with an aggregate capital expenditure of not less than the calculated amount in INR (Crores) or equivalent USD . However, the capital expenditure for each project should not be less than the calculated amount in INR (Crores) or equivalent USD.
Or
- Technical requirement to be met by the Bidding Company or Lead Member of the Bidding Consortium: The bidder must have experience in the development of projects in the Infrastructure Sector within the last 5 years, with an aggregate capital expenditure of not less than the calculated amount in INR (Crores) or equivalent USD. However, the capital expenditure for each project should not be less than the calculated amount in INR (Crores) or equivalent USD.
For this purpose, capital expenditure on projects that have been commissioned or completed at least seven 7 days prior to the Bid Deadline will be considered. The capital expenditure referred to above must be capitalized and reflected in the audited books of accounts of the Technically Evaluated Entity.
In the case of a clearly identifiable part of a project being in commercial operation, the capital expenditure on that part of the project will be considered. The Technically Evaluated Entity must have either executed such projects itself or held at least 26% of the shareholding, directly or indirectly, in the company that executed the project(s) from the date of financial closure until the commissioning or completion of the project(s).
Additionally, the Technically Evaluated Entity should have experience in the construction of projects in the infrastructure sector. The entity must have received aggregate payments as per the stipulated amounts from its client(s) for fully completed construction works during the last five financial years. However, the payment received from each project should not be less than the prescribed amount.
The Technically Evaluated Entity can be the Bidding Company, the Lead Member of a Consortium, an Affiliate, or the Parent Company of the Bidding Company or Lead Member, as applicable. Additionally, bidders are required to provide documentary evidence certified by an authorized signatory of the bidder, who has been issued Power of Attorney, to support their technical capability.\
