to shall mean the online response through the electronic bidding platform “Response RFQ” and written (original hard copies) response of a Bidder to and in accordance with this RFQ; shall mean the auditor appointed under the provisions of the Companies “Statutory Auditor” Act, 1956 or under the provisions of any other applicable governing law; shall mean the company which has been evaluated for the “Technically Evaluated Entity” satisfaction of the technical requirement set forth in Clause2.1.2 hereof; shall mean the charges payable to TSP by Long Term Transmission “Transmission Charges” Customer(s) pursuant to the TSA, as adopted by the Appropriate Commission; shall mean the license granted by the Appropriate Commission in “Transmission License” terms of the relevant regulations for grant of such license issued under The Electricity Act, 2003; Service or shall mean the agreement entered into “Transmission Agreement” “TSA” between Long Term Transmission Customer(s) and the TSP pursuant to which TSP shall build, own, operate and maintain the Project and make available the assets of the Project to Long Term Transmission Customer(s) on a commercial basis; Service or shall mean _________________ (a SPV “Transmission Provider” “TSP” company to be incorporated by REC Transmission Projects Company Limited) which has executed the Transmission Service Agreement and has been/shall be acquired by the Selected Bidder; means a line with associated sub-stations or a group of lines “Transmission System” together along with associated sub-stations and the term includes equipment associated with transmission lines and sub-stations; Parent shall mean a company which owns at least twenty six percent “Ultimate Company” (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company.
“Response to RFQ” shall mean the online response through the electronic bidding platform and written (original hard copies) response of a Bidder to and in accordance with this RFQ; “Statutory Auditor” shall mean the auditor appointed under the provisions of the Companies Act, 1956 or under the provisions of any other applicable governing law; “Technically Evaluated Entity” shall mean the company which has been evaluated for the satisfaction of the technical requirement set forth in Clause2.1.2 hereof; “Transmission Charges” shall mean the charges payable to TSP by Long Term Transmission Customer(s) pursuant to the TSA, as adopted by the Appropriate Commission; “Transmission License” shall mean the license granted by the Appropriate Commission in terms of the relevant regulations for grant of such license issued under The Electricity Act, 2003; “Transmission Service Agreement” or “TSA” shall mean the agreement entered into between Long Term Transmission Customer(s) and the TSP pursuant to which TSP shall build, own, operate and maintain the Project and make available the assets of the Project to Long Term Transmission Customer(s) on a commercial basis; “Transmission Service Provider” or “TSP” shall mean _________________ (a SPV company to be incorporated by REC Transmission Projects Company Limited) which has executed the Transmission Service Agreement and has been/shall be acquired by the Selected Bidder; “Transmission System” means a line with associated sub-stations or a group of lines together along with associated sub-stations and the term includes equipment associated with transmission lines and sub-stations; “Ultimate Parent Company” shall mean a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company.
Final_RFQ_Jkd_Pkg4%20(1).docx