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Tender

EXPRESSION OF INTEREST

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Notice Inviting Expression of Interest (EOI) for selection of Transaction Consultants for a JV Partner for development of Rajbar coal block & expansion of Tenughat Thermal Power Station, located at Lalpania, Dist: Bokaro, Jharkhand.

1. TVNL is a Govt. of Jharkhand undertaking operating 2x210 MW power plant located at Lalpania in the District of Bokaro. The TVNL has a total acquired land of approximately 1800 Acres. It has also approved water allocation of 300 Cu Sec from Tenu Reservoir for power plant for present use as well as future expansion. Additional land/ water if necessary will have to be obtained and is available. Three coal blocks have been allocated to TVNL for its fuel security and expansion. Two coal blocks Badam and Gondulpara are in advance stage of development through another joint venture. Mining at Badam is expected to start by end of 2011.

2. TVNL invites Expression of Interest (EOI) from reputed consultants in the power sector to assist TVNL in identification of joint venture partner, for expansion of existing Thermal Power Station by addition of 2x660 MW/ 2x800 MW depending on technical feasibility. It is also proposed to enter into a separate joint venture with the same partner for development of the third coal block namely Rajbar coal block (E&D) of approximately 385MT coal reserve allocated to TVNL by the Ministry of Coal, Govt. of India for development under Government Company Dispensation Route. The consultant will be expected to explore various possibilities of assisting TVNL in identifying the joint venture partner for expansion of TVNL as well as development of the Rajbar coal block either through EOI route or through tariff based competitive bidding.

3. The consultant must have successfully provided similar consultancy services within India to IPP/ Govt. utilities for at least one JV/ tariff based international competitive bidding for 500 MW and above sized plant from concept to JV/ SPV formation and transfer to the developer.

4. Expression of Interest is invited by TVNL from reputed consultancy service providers meeting the above parameters to provide consultancy and assist TVNL in selection of suitable joint venture partner through Expression of Interest/ Tariff Based Competitive Bidding Process.

5. The Consultant should have the capacity either by itself or in collaboration with others to bring about legal, technical and financial closure of the project from conceptualization to identification and selection of joint venture partner to formation of joint venture/ SPV etc.

6. The Consultant must have experience of power procurement process and other areas of power projects relating to Vendor Pre-bid Conference, RFP, JV Agreement, Share Transfer, Purchase Agreement, FR, other related areas from concept to commissioning.

7. The Consultant must have annual turnover of Rs.25 crores in at least 02 out of 03 preceding financial years from consultancy businesses in power sector alone.

8. The Consultant shall submit the list of all similar assignment executed by them successfully or being executed currently along with the list of their clients.

9. The Indian subsidiary of any foreign company who is participating in the tender based on the credentials of the foreign company shall produce a MOU/ authorization certificate/ letter of support from the parent company to the effect that the bidder is an Indian subsidiary company and that they will provide all necessary technical assistance to the Indian subsidiary for entire duration of the project.

10. Bid shall be submitted in two parts Part-A-Technical, Part B- Price bid.
Part-A (Tech.) (Envelope-I) should contain documents related to qualification/ Technical requirements.
Part-B (Price-bid)(Envelope-II) should contain Price & other commercial terms & conditions.
Those consultants/consultancy firms who qualify in Part-A, only their commercial bids shall be opened.

11. Interested consultants must provide information indicating that they are qualified to perform the services & submit documentary evidence to this effect. They must submit their technical/ organizational profiles and price bid in separate envelope.

12. The Bidder should also indicate the mode of the payment whether it will be milestone based or it will be at the conclusion of the assignment at the time of formation of JV/ SPV and transfer of the same. If milestone based they must also indicate the milestones to be achieved and percentage of payment desired. Other things being equal, preference will be given to those who offer to accept full and final payment of consultancy fee at the time of final closure of consultancy assignment / JV formation / SPV transfer as against advances and milestone based payments.

13. Interested agencies may either obtain EOI document at the address given below by submitting an application with non-refundable demand draft of INR 10,000/– (Ten Thousand) only or may download from the website www.tvnlonline.com and submit the downloaded document with non-refundable demand draft INR 10,000/–(Ten thousand) and a refundable demand draft of Rs.50,000/-(Rupees Fifty Thousand) towards Ernest Money Deposit (EMD) drawn in the name of "Tenughat Vidyut Nigam Limited" payable at Ranchi. The sale of document is from 11.00 hrs to 17.00 hrs at TVNL office. The last date of submission of bids is 25th June, 2011 by 17.00 hrs and Part-A (Tech.) shall be opened on 27th June 2011 at 16.00 hrs.
Address:
Chief Engineer
Tenughat Vidyut Nigam Limited
(A Govt. of Jharkhand Undertaking)
Hinoo- Ranchi-834002
Jharkhand

14. Interested agencies must also visit website www.tvnlonline.com frequently for any amendments/ addendum/Extension etc. in bid document which shall be notified only through website.

15. Agencies are requested to submit the EOI (hard copy in duplicate and soft copy in CD) with all details through post /courier so as to reach the office in time. Bids received after due date are liable to be rejected.

16. Mere submission of EOI does not confer any right to an agency for the assignment of work. TVNL reserves the right to accept/ reject any EOI without assigning any reason. TVNL also reserves the right to scrap the entire EOI at its own discretion.

 

SCOPE OF WORK

TENUGHAT VIDYUT NIGAM LIMITED
(A Govt. of Jharkhand Undertaking)

Scope of Work for Transaction Consultant for TVNL [Suggestive]


1.1 Project Structuring
Understanding the objectives of TVNL, present power station set-up at Lalpania ,present generation, evacuation & sale arrangements and suggesting various options for capacity addition, sizing and structuring of the project in terms of equity participation, commercial agreements for sale of power and maximization of benefits.

Transaction Consultant would also be required to advise TVNL in arriving at an optimal arrangement for the development of the coal mine, based on the allocation letter to TVNL & work already in hand.
Based on the above, the consultant would select a partner through a competitive process for the expansion & development of the project as well as the coal mine, either through a single arrangement or through two separate independent arrangements.

Based on the finalization of the above, the consultant is expected to cover the following scope of work:

1.2 Preparation of Request for Qualification (RFQ- Part I Bid) and Request for Proposal (RFP- Part-II Bid), in consultation with TVNL.
RFQ and RFP (including revised, if required) shall broadly cover the following:

• A brief introduction on TVNL
• Background and project description
• Responsibilities of the selected Power Plant Developer.
• Preparation of Bid document covering scope of the power plant developer, including all Technical and Commercial aspects.
• Selection process, Bid schedule, instructions relating to the bid documents etc.
• Brief details of coal block & status
• Responsibility of developer in coal block development.
• Qualifying criteria, criteria & methodology for bid evaluation.
• Special conditions, if any
• Formats for the bid response sheets for RFQ and RFP
• Boot Period
• Any other relevant information.

1.3 Review of queries on RFQ
On completion of RFQ documentation, TVNL shall proceed with the sale of RFQ documents to the prospective developers who makes request for it. The prospective advisor shall assist TVNL in examining the queries received from the prospective developers on the RFQ, project related and other relevant issues.

1.4 Evaluation of RFQ Bids
On submission of the RFQ by the developers, the prospective advisor shall evaluate the offers received against RFQ based on the criteria laid down for pre-qualification and other conditions including the technical and financial capability to execute the project in consultation with TVNL.

1.5 RFQ final evaluation and furnishing of recommendation
Preparation of RFP bid documents (Part II Bid)
The prospective advisor shall prepare the RFP documents along with following draft contract documents to be enclosed along with RFP.

• Power Purchase Agreement (PPA)
• Implementation Agreement (IA)
• Fuel Supply/arrangement Agreement (FSA)
• Project Development Agreement (PDA)
• Proforma for Bank Guarantee, if any
• Plant operation & transfer agreement (POTA) – if required.
• Coal block development agreement
• Fuel Security agreement.
• Any other relevant agreements between the PPD and TVNL.

1.6 Review of queries on RFP
On completion of evaluation of pre-qualification bids, TVNL shall proceed with the sale of RFP to the pre-qualified bidders. The prospective advisor shall assist TVNL in reviewing the queries received from the pre-qualified bidders on the RFP bid documents.

1.7 Pre-bid Conference(s)
The prospective advisor shall assist TVNL during the pre-bid Conference(s) at TVNL for clarifying the issues raised by prospective developers with respect to various issues/documents covering technical and commercial aspects.

1.8 Preparation of Revised RFP, if required:
Based on the response received from the pre-qualified bidders on the RFP and the various draft agreements, the prospective advisor shall prepare revised draft of agreements, if any, with suitable amendments, required and other project related documents and a revised RFP documents that are to be issued to the pre-qualified bidders.

1.9 Evaluation of RFP Bids
The prospective advisor shall evaluate the RFP bids submitted by the pre-qualified bidders based on the criteria laid down in the RFP documents. At this stage the prospective advisor shall undertake a thorough analysis of the bids submitted by the pre-qualified bidders. On the basis of the results of the detailed analysis, the suitable bidders shall be recommended for consideration/selection.

1.10 Negotiations with the successful developer
The prospective advisor shall advise/assist TVNL with respect to any significant issue on the steam/PPA which may have financial implication and which may arise during the course of negotiations. During the course of negotiations the prospective advisor shall assist TVNL to arrive at a fair and equitable PPA and reasonable power and steam tariff for purchase. The prospective advisor shall assist TVNL in preparation and negotiation on other project documents like Letter of Intent and other relevant agreements between the PPD and TVNL and submit the draft documents thereof.

1.11 Preparation of draft letter of Intent (LOI) and final Contract Document

1.12 Securing required Project clearances
The prospective advisor shall assist TVNL/SPV in securing all the required statutory clearances for the BOOT project.

1.13 Specialist advises
It shall be under the scope of the prospective advisor to render specialist advices required for the work related to technical and legal issues that are required for the successful conclusion of the project.
The nature of business of TVNL has a significant bearing on the load variations and the power plant would have to track these variations preferably in synchronism with the grid. The nature of load requirement of TVNL has to be studied by the prospective advisor to assess the variability of load pattern, cyclical nature of consumption, time-of-day variation and peaking movements.

1.14 Payment modality & submission of security money.
Bidder should indicate the modalities of payment and % of payment to be made on completion of each milestone (minimum 20 milestones). The bidder should submit security money in the form of B.G amounting 10% of the order value issued from any nationalized bank, 5% will have to submit at the time of work award and 5% subsequently.

1.15 Closure of the Consultancy:
Closure of consultancy shall be deemed to be only after the formation of JV/SPV for both power projects as well as coal block.

 

2 Prequalification Criteria
Technical Criteria:
Interested bidder should have a proven track record of at least seven (7) years in the power sector advisory area.
The bidder should have worked as a consultant rendering advisory services for selection of a developer to set up a coal/gas based Thermal Power Plant of at least 500MW, covering preparation of RFQ, RFP, evaluation of bids etc. under competitive tariff based on bidding during the last seven (7) years.

OR

If the bidder does not fulfill the above criteria on its own, but has served as a consultant for a coal/gas based thermal power plant of at least 500MW during the past 5 years, can make a tie-up or a consortium arrangement with another reputed consultant who has got experience in selecting a developer or vice versa. In this case, one of the parties should necessarily have experience of 5 years in the preparation of RFQ, RFP, evaluation of bids etc. for tariff based bidding. The bidder has to submit an alliance /tie up agreement with the said consultant stating that the latter shall render all supporting services to the former towards the advisory services for TVNL’s project.

OR

The bidder should have rendered advisory services to a Developer/IPP, for a competitive tariff based bidding process in setting up of a gas/coal based Thermal Power Plant of at least 500 MW and also should have experience in preparation of RFQ, RFP, evaluation of bids etc. for at least one BOOT project, during the last 7 years.

Financial Criteria:

• Bidders should have an Annual turn-over of not less than Rs. 25.00 Crores (Rupees Twenty five Crores) only in any two years over the last three consecutive financial years, i.e., financial years 2010-11, 2009-10 & 2008-09 based on the audited annual reports for the above three financial years.

Organizational details:

• Bidder shall submit various details as contained in the annexure which shall also be considered for evaluation as part of the technical criteria.

Name of the Consultant / Consultancy firm:________________________
 

Sl. No.

Description

Power sector business only.

Total consultancy.

1

Technical competency of organization

(a) Total no. of consultants in the organization.

(b)  No. of  consultants with experience over 15 years

(c) No. of consultants with experience between 5-15 years

(d) No. of consultants with experience below 5 years

 

 

 

2

No. of years for which similar consultancy has been/ is being provided ( Give list of such clients)

 

 

3

Turnover of the company for the past three years:

a)      2010-11

b)      2009-10

c)      2008-09
 

 

 

4

Details of consultancy provided for JV/SPV  formation in power sector only

(a)   Numbers

(b)   MW

(c)   Value (Rs. in lacs)

 

5

Please give the no. of consultancy provided over past 7 years in the following

 

 

 

Completed

Ongoing

 

(a)   RfQ (Nos.)

(b)   RfP( Nos.)

(c)   FR (Nos)

(d)   DPR(Nos)

(e)   Engineering (Main Plant) (Nos)

)     Engineering (Balance of Plant)(Nos.)

(g)  Project Management(Nos)

(h)  Bid document preparation(Nos)

(i)   Pre-bid Conference(Nos)

(j)   Selection of JV partners (Nos)

(k)  Bid evaluation(Nos)

(l)    Asset evaluation(Nos)

 

 
 

 
Memo No:-207/11-12

Sd/-
Date : 27/05/11

Chief Engineer
 
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