Damodar Valley Corporation (DVC) has invited e-tenders for the development of a large-scale floating solar power project in Jharkhand. The project involves the design, engineering, supply, construction, erection, testing, and commissioning of a 234 MW (AC) grid-tied floating solar PV (FSPV) plant on the Maithon Dam Reservoir. It also includes comprehensive operation and maintenance services for ten years. The tender was officially announced on 8th May 2025 and will be conducted through a single-stage, three-envelope system.

The project falls under domestic competitive bidding, and interested bidders can access tender documents online from 9th May 2025 at 10:00 hrs (IST) until 16th June 2025. A pre-bid conference is scheduled to take place on 23rd May 2025 at 11:00 hrs (IST) at the DVC Towers in Kolkata, both physically and virtually. The deadline for online submission of pre-bid queries is also 23rd May 2025. The final date for uploading filled documents and submission of the offline envelope is 16th June 2025 by 15:00 hrs (IST). Opening of the Envelope 1 (hard copies) is set for 17th June 2025 at 15:00 hrs (IST), while Envelope 2 will be opened the same day at 15:30 hrs. Envelope 3 will be opened at a later date as notified by DVC.

An earnest money deposit (EMD) of ₹10,20,96,158 is required to participate in the tender. This must be submitted in the form of a demand draft, banker’s cheque, net banking, or an acceptable electronic bank guarantee. The bid security must remain valid for 225 days from the final bid submission deadline.

Selected contractors must also submit a Performance Bank Guarantee (PBG) equivalent to 3% of the total contract value. This PBG should be valid for 60 days beyond the completion of all contractual obligations, including the defect liability or warranty period. Additionally, a separate O&M Performance Bank Guarantee, amounting to 6% of the total contract price, is to be furnished. This will remain valid for 90 days beyond the 10-year O&M period and must be submitted at least 30 days before full project commissioning. Deductions or recoveries from this guarantee may apply if annual generation targets are not met.

The project is structured under three contracts. The first contract covers the supply of equipment and mandatory spares, the second contract addresses all construction and commissioning services; and the third covers the 10-year O&M responsibility.

All submissions are to be made through the Central Public Procurement Portal, and any updates or corrigenda will be posted on the same portal. DVC has made it clear that only those bids meeting both technical and financial qualification criteria will be considered.

The financial requirements for bidders include a minimum average annual turnover of ₹408.38 crore over the last three financial years and a net working capital of at least ₹170.16 crore. The net worth of the bidder must not be less than 100% of its paid-up share capital.

Bidders must also ensure all documents, declarations, and formats are strictly adhered to as per the instructions in the tender. DVC reserves the right to cancel or modify the tender at any stage without any obligation to the bidders.