Development, Operation and Maintenance of 1000 MW (AC) Ground Mounted Solar PV Projects integrated with 2000 MWh (2-Hour) Battery Energy Storage System (BESS) in the State of Karnataka through Tariff Based Competitive Bidding with applicable e-Reverse Auction

The Bidder (or Lead Member) shall independently meet at least 50% of the minimum Technical Qualification Requirements, with all consortium members cumulatively meeting 100% of the requirement.

The Bidder (individually, or through its consortium members) should have a cumulative operational capacity of not less than 100 MW as on the bid due date, including at least one single project of 50 MW or more that has been in successful commercial operation for a minimum of 1 year prior to the bid due date.

The Bidder should have developed a cumulative capacity of not less than 100 MWh, including at least one single order/project of 30 MWh or more that has been in successful operation for a minimum of 1 year prior to the bid due date (OR) The Bidder has a technology collaboration/tie-up/supply agreement with an established BESS technology provider or cell/pack manufacturer with a cumulative global track record of supplying at least 500 MWh of grid-interactive BESS capacity.

The Bidder shall submit documentary evidence demonstrating successful achievement of performance generation guarantees and satisfactory operation of Solar PV and BESS of required capacity as mentioned above, duly certified by the respective Project Owner/Developer.

The Bidder should be a company registered under the Companies Act, 2013 (or the corresponding erstwhile Act), or a consortium/Joint Venture (JV) led by such a company. Proprietorships, partnership firms, trusts, NGOs and LLPs shall not be eligible to bid, either individually or as part of a consortium. A copy of certificate of incorporation shall be furnished along with the bid in support of above.

For consortium/JV bids: the Lead Member shall hold a minimum prescribed equity stake (typically not less than 51%) in the Project SPV, with every consortium member holding at least 10% equity, a 100:0 equity split between members shall not be permitted. Maximum no. of Members in a Consortium cannot exceed 3 including the Lead Member.

Average Annual Turnover of the Bidder for last three (3) financial years shall be at least INR 2500 Crores. The Bidder shall submit audited annual report of FYs 2023-24, 2024-25 and 2025-26.

The Net Worth of the Bidder during the last Financial Year shall be a minimum of INR 1500 Crores, The Bidder shall provide a copy each of audited annual report to ascertain their turnover & net-worth along with a certificate from its Statutory Auditor.