Satluj Jal Vidyut Nigam Limited Tender

The financial eligibility criteria for the bidder to participate in this tender can be clustered into the following points: 1. Minimum Average Annual Turnover (MAAT): - The bidder should have a minimum average annual turnover of Rs. 15,000 per kW of the quoted capacity. - For the three immediately preceding financial years ending on 31.03.2024, the bidder should demonstrate a Minimum Average Annual Turnover of Rs. 15,000/kW of the total quoted capacity. 2. Shareholding pattern for Consortium/Joint Venture: - The Lead Member should have a minimum shareholding of 51%. - Other members should have a minimum shareholding of 20%. - The financial requirements for each member will be computed in proportion to their shareholding percentage. 3. Equity Funding: - In case of a Bidding Consortium / Joint Venture, any Member may seek qualification on the basis of financial capability of its Affiliate(s). - The Affiliate(s) shall be required to submit Board Resolutions undertaking to contribute the required equity funding. 4. Performance Bank Guarantees/POI: - In case the Bidder(s) fail to do so in accordance with the RfS, the Affiliate(s) shall be required to contribute Performance Bank Guarantees/POI. 5. Annual Turnover Certificate: - In case the audited Annual accounts for the previous financial year is not available, bidders shall submit Annual turnover certificate for the previous financial year from a practicing Chartered accountant/Statutory Auditor. 6. Consolidated Annual Accounts: - For the purposes of meeting financial requirements, only the latest unconsolidated audited annual accounts shall be used. - However, audited consolidated annual accounts of the Bidder may be used for the purpose of financial requirements provided the Bidder has at least twenty-six percent (26%) equity in each Company whose accounts are merged in the audited consolidated account. No specific values or percentages are mentioned for net worth, revenue, or net profit. The focus is on the minimum average annual turnover and shareholding pattern for Consortium/Joint Venture bidders.