Guidelines for determination of tariff & SBD for ... - Ministry of Power

Standard RFP for ….[Insert ‘medium’ or ‘long’, as applicable] term power procurement under Case - 1
(B) Undertaking from the Financially Evaluated Entity or its Parent Company/
Ultimate Parent Company
(On the Letter Head of the Financially Evaluated Entity or its Parent Company/
Ultimate Parent Company)
Name:
Full Address:
Telephone No.:
E-mail address:
Fax / No.:
To,
……….. [Insert name and address of Procurer/Authorized Representative]
Dear Sir,
We refer to the Request for Proposal dated…. [Insert Date] issued by you for procurement
of power for ………….. [Procurer/Authorized Representative to insert ‘medium’ or ‘long’,
as applicable] term basis through tariff based competitive bidding process for meeting the
requirements of Procurer(s).
(Insert in case of Bidding Company:
“We have carefully read and examined in detail the RFP, including in particular, Clause
2.4.1.1 of the RFP, regarding submission of an undertaking, as per the prescribed Format
4.7 (B).
We have also noted the amount of the Contract Performance Guarantee required to be
submitted as per Clause 2.13 of the RFP by the ……………………………….. (Insert the
name of the Bidding Company) for the supply of power in the event of it being selected as
the Successful Bidder”.
In view of the above, we hereby undertake to you and confirm that in the event of failure of
……………………. (Insert name of the Bidding Company) to submit the Contract
Performance Guarantee in full or in part at any stage, as specified in the RFP, we shall
submit the Contract Performance Guarantee for the amount not submitted by
……………………. (Insert name of the Bidding Company]”.))
(Insert in case of Member of a Consortium:
“We have carefully read and examined in detail the RFP, including in particular, Clause
2.4.1.1 of the RFP, regarding submission of an undertaking, as per the prescribed Format
4.7(B).
We confirm that M/s. ………. (Insert name of Bidding Company / Consortium Member)
has been authorized by us to use our financial capability for meeting the Qualification
Requirements as specified in Clause 2.1 of the RFP referred to above.
We have also noted the amount of the Contract Performance Guarantee required to be
submitted as per Clause 2.13 of the RFP by the ……………………………….. (Insert the
name of the Consortium Member) for the supply of power in the event of it being selected
as the Successful Bidder”).
………..[Insert name of Procurer / Authorized Representative ] Page 93