Selection of Joint Venture Partner for the Development and Operation of 1600 MW of Godhna Thermal Power Project at Janjgir District, Chhattisgarh

To be eligible for selection, a Bidder shall fulfill the following conditions of eligibility A. Technical Capacity: For demonstrating technical capacity and experience (the Technical Capacity), the Bidder shall, over the past 10 (ten) financial years preceding the Bid Due Date, have: (i) The Bidder by himself (or) by one of its subsidiary(ies) should have experience of development of at least 1 (one) Coal-based Thermal Power Plant of minimum of 500 MW capacity in India and such plant should be in operation for a minimum period of 2 (Two) years as on the Bid Due Date. Further such Bidder should continue to hold minimum of 51% (fifty-one percent) share in the project company as on the day of Bid submission. (and) (ii) The Bidder should have executed, completed & commissioned on EPC basis of at least 1 (one) Coal-based Thermal Power Plant of minimum of 500 MW capacity in India and such plant should be in operation for a minimum period of 2 (Two) years as on the Bid Due Date.

2.2.1 For determining the eligibility of Bidders for their qualification hereunder, the following shall apply (a) The Bidder for the selection of this project may be a single entity or a group of entities (the Consortium), coming together to implement the Project. However, no Bidder applying individually or as a member of a Consortium, as the case may be, can be member of another Bidder. The term Bidder used herein would apply to both a single entity and a Consortium. (b) A Bidder may be a natural person, private entity, government-owned entity or any combination of them with a formal intent to enter into an agreement or under an existing agreement to form a Consortium. A Consortium shall be eligible for consideration subject to the conditions set out in Clause 2.2.6 below.

Financial Capacity: The Bidder shall have a minimum Net Worth (the Financial Capacity) of Rs. 2,200 Crores (Rs. Two thousand two hundred crores at the close of the preceding financial year. In case of a Consortium, the combined technical capacity and net worth of those Members, who have and shall continue to have an equity share of at least 74% (seventy four per cent) each in the SPV, should satisfy the above conditions of eligibility provided that each such Member shall, for a period of 2 (two) years from the date of commercial operation of the Project, hold equity share capital not less than: (i) 74% (seventy four per cent) of the subscribed and paid up equity of the SPV and (ii) 5% (five per cent) of the Total Project Cost.

O&M Experience: The Bidder shall either enter into an agreement for entrusting its operation & maintenance (O&M) obligations to an entity having the requisite experience or undertake O&M through qualified and experienced staff of its own.