BANGLADESH POWER DEVELOPMENT BOARD (BPDB)

Section III of Bid Document: QUALIFICATION DOCUMENT

FOR

IMPLEMENTATION OF

"GRID TIED ROOFTOP SOLAR PV SYSTEM INSTALLATION ON

GOVERNMENT BUILDING" ON BUILD, OWN AND OPERATE (BOO) BASIS

AT

JAMALPUR DISTRICT TOWN, BANGLADESH

JULY, 2018

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SECTION I

QUALIFICATION

FOR

SELECTION OF BIDDERS TO SUBMIT PROPOSALS TO DEVELOP GRID TIED

ROOFTOP SOLAR PV SYSTEM ON GOVERNMENT BUILDING ON BOO BASIS AT

JAMALPUR DISTRICT TOWN, BANGLADESH

A. DEFINITIONS

For purposes of this QUALIFICATION Document, the following capitalized terms shall

have the following meanings:

“Bidder” means any single entity or consortium of entities submitting a Qualification Statement

and Proposal with the intent to be qualified as Project Sponsor.

“Bid” means Bidder's Qualification Statement to be treated as Part-1 and the Proposal to be

treated as Part-2.

“Bid Date” means 1200 Hours BST (Bangladesh Standard Time) on September 16, 2018.

"BAS" means Bangladesh Accounting Standard.

"BERC" means Bangladesh Energy Regulatory Commission.

"BPDB" means Bangladesh Power Development Board.

“Business Day” means a day on which banks and government offices are open for business in

Bangladesh.

"CDM" means Clean Development Mechanism [CDM], which was devised to help developed

countries to meet their Green House Gas [GHG] Emission Reduction targets in a cost effective

manner by allowing them to acquire Certified Emission Reduction [CERs] from abatement

projects in developing countries.

“Commercial Operations Date” means the date falling one day after the day on which the

Project is commissioned to operate on a commercial basis.

“Current Assets” means, in relation to a given entity, the number indicated as “current assets”

on such entity’s most recent balance sheet prepared in accordance with IAS/ BAS.

“Current Liabilities” means, in relation to a given entity, the number indicated as “current

liabilities” on such entity’s most recent balance sheet prepared in accordance with IAS/ BAS.

“Current Ratio” means, in relation to any given entity, the result obtained by dividing its

Current Assets by Current Liabilities.

“GAAP” means the standard accounting rules, regulations, and procedures established by US

Financial Accounting Standards Board (or the comparable organization in the relevant country)

to prepare financial statements and accounts, which rules, regulations and procedures have been

approved by the regulator of companies and securities in the domicile of the relevant Member

with jurisdiction over the relevant Member; provided that the financial statements prepared in

accordance with such rules, regulations and procedures present an accurate description of the

financial condition of the Bidder or Member and do not include or fail to include any statements

or information or adjustments thereto which make the financial statements false, deceptive or

misleading, the conformance of the financial statements to be delivered in connection with this

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Qualification Document with GAAP (or with IAS, as the case may be) shall be affirmed by the

auditors who audit such financial statements.

“IAS” means International Accounting Standards.

“Lead Member” means, in relation to a consortium Bidder, the member of such consortium

who fulfills the criteria set forth in Clause 1.2.1 of Section II-A.

“Litigation” means, litigation and/or suit and/or case and/or arbitration and/or trial and/or any

kind of dispute before in the court or tribunal.

“Member” means, in respect of a consortium Bidder, each entity (other than a natural person)

that is a part of the consortium Bidder and has agreed to contribute equity in the Company as

and when required to implement the Project on a timely basis.

“MW” means megawatt.

“Net Worth” means, in relation to any entity, such entity’s Total Assets minus its Total

Liabilities.

“Operating Member” means, in relation to a consortium Bidder, the member of such

consortium who fulfills the criteria set forth in Clause 1.2.2 of Section II-A.

“Other Member” means, in relation to a consortium Bidder, the Member who are not Lead

Member and/or Operating Member of the consortium.

“Qualified Bidder” means, a Bidder who is determined to meet the criteria outlined in Section

II of this Qualification Document.

“Project” means the "Grid tied rooftop solar PV system installation on government building" on

BOO basis at Jamalpur district town, Bangladesh which are to be designed, financed, constructed, owned, operated and maintained by the Project Company.

“Project Agreements” means, collectively, Power Purchase Agreement (PPA) to be signed

between Bangladesh Power Development Board (BPDB), or their respective legal successors,

other public sector entities and the Project Company, Implementation Agreement (IA) with GOB

and Rooftop Lease Agreement (RLA) with the Building Owner.

“Project Company” means a company duly incorporated under the Laws of Bangladesh by the

Project Sponsor, which will execute the Project Agreements for the Project.

“Project Sponsor” means the Qualified Bidder who will be selected as the developer for the

Project.

“Proposal” means the proposal, including the technical and financial proposals submitted by the

Bidder against RFP, and on which the determination of the Bidder to be designated by BPDB as

the Project Sponsor shall be made.

“Qualification Statement” means a statement containing all of the information requested in

Section II-A, which shall be submitted in the form attached hereto as Annex A-2.

“Request For Proposals” means the document which shall specify the technical and financial

requirements for the Project.

“Total Assets” means, in relation to any entity, the total consolidated assets of such entity and

its subsidiaries measured in accordance with IAS/ BAS/GAAP for such entity’s most recent

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financial year.

“Total Debt” means, in relation to any given entity, the total of all such entity’s interest bearing

obligations.

“Total Equity” means, in relation to any entity, the total consolidated equity of such entity and

its subsidiaries measured in accordance with IAS/ BAS/GAAP for such entity’s most recent

financial year.

“Total Liabilities” means, in relation to any entity, the total consolidated liabilities of such

entity and its subsidiaries measured in accordance with IAS/ BAS/GAAP for such entity’s most

recent financial year.

“USD” means the United States Dollar;

“Week Member” means, in relation to a consortium Bidder, an Other Member who holds less

than 5% equity interest in the consortium.

B. INSTRUCTIONS FOR BIDDERS

1. General (a) All requested information shall be submitted to Secretary, Bangladesh Power

Development Board (BPDB) by the Bidder in the English language.

(b) Qualification decisions will be made solely on the basis of an Bidder’s Qualification

Statement, which should be submitted in the form of Annex A-2. No supplemental or

other information will be accepted other than responses from Bidders to clarifications

which have been specifically requested by Bangladesh Power Development Board

(BPDB).

(c) The Qualification Statement should be accompanied by an indication of interest in the

form of Annex A-1, which should be signed by a person or persons duly authorized to

sign on behalf of the Bidder. If the Bidder is a consortium, the Qualification Statement

should be signed by a person or persons duly authorized to sign on behalf of the Lead

Member of the consortium. Consortium Bidders should submit a duly-executed signing

authorization form in the form of Annex A-3.

(d) Bangladesh Power Development Board (BPDB) will not enter into any correspondence

with Bidders except to seek clarification, if and when necessary.

(f) Bidders may seek clarification from BPDB on the qualification process and criteria by

submitting a request for clarification in writing to Bangladesh Power Development

Board (BPDB) at the address given in this QUALIFICATION Document. Although

BPDB will attempt to respond to all reasonable queries, it is under no obligation to do

so, and may decline to respond to any query or request for clarification at its sole

discretion.

(g) All queries must be received at least 20 (twenty) calendar days before the Bid

Submission Date.

(h) Any documents submitted by Bidders will not be returned.

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SECTION II

A. QUALIFICATION CRITERIA

1. Composition of Bidder

1.1 Bidders may apply either individually or as a consortium. Individual Bidders should not

be natural persons.

1.2 If a consortium is submitting a Qualification Statement, the consortium must include one

or more entities that are able to discharge the responsibilities of the Lead Member and the

Operating Member as set forth below.

1.2.1 The Lead Member of the consortium:

• Must hold at least 51% of the equity interests in the consortium vehicle

(either directly or through a majority-owned special purpose project

subsidiary);

• Must meet the financial criteria set out in Section 2; and

• Must meet the technical criteria set out in Section 3 (to the extent not met by

the Operating Member or another member of the consortium).

1.2.2 The Operating Member of the consortium:

• Must hold at least 20% of the equity interests in the consortium vehicle

(either directly or through a majority-owned special purpose project

subsidiary); and

• Must meet the technical criteria set out in Section 3 (to the extent not met

by the Lead Member or another member of the consortium).

1.2.3 The Lead Member and the Operating Member may be the same entity.

1.2.4 Neither the Lead Member nor the Operating Member may be a natural person.

1.3 A Bidder that is a consortium should provide the information requested in Section A

of the Qualification Statement detailing the respective roles and ownership interests of

the various members of the consortium.

1.4 Changes in the composition of a consortium Bidder prior to the submission of the

Tender for the Project may be permitted, subject to the following conditions and prior

approval of Bangladesh Power Development Board (BPDB):

1.4.1 No changes in the members of a consortium Bidder are permitted which would

result in either (a) a change to the Lead Member or the Operating Member of the

consortium or (b) the failure by the consortium to meet any of the criteria set out in

Section 2 or Section 3;

1.4.2 Qualified Bidders shall not be permitted to form a consortium to submit a Tender.

1.4.3 Failure to comply with any of the requirements set forth in this Section 1.4 may

result in immediate disqualification by Bangladesh Power Development Board (BPDB)

of the consortium’s submission of Tender.

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2. Financial Criteria

2.1 The Bidder (or, in the case of a consortium Bidder, the Lead Member) shall include the

following information in its Qualification Statement along with supporting documents:

2.1.1 Solar Power Generation Projects/Power Generation Projects/Other Projects in

respect of which it has successfully raised equity financing of at least USD 0.5

million or equivalent BDT in aggregate in the past 15 years in the aggregate; and

2.1.2 Solar Power Generation Projects /Power Generation Projects/Other Projects in

respect of which it has successfully raised debt financing of at least USD 3.0

million or equivalent BDT in the past 15 years in the aggregate;

2.2 The Bidder (or, in the case of a consortium Bidder, each member of the consortium)

should also provide the following financial information in the manner prescribed in the

Qualification Statement Form:

2.2.1 Certified copies of its audited balance sheets for immediate past three fiscal

years, which should be prepared in accordance with IAS/ BAS/GAAP and

demonstrate the following:

• Profitability in 2 of the last 3 fiscal years;

• A Current Ratio (i.e. current assets divided by current liabilities) of no less

than 1:1 in 2 of the last 3 fiscal years;

• A Net Worth equal to or in excess of USD 0.5 million or equivalent BDT in 2

of the last 3 fiscal years;

provided, that, if one Member of a consortium that holds and will hold less than 5% of

the equity interest in the consortium and in the Company vehicle cannot satisfy the

financial requirements in this Section 2.2 (a 'Week Member'), the consortium Bidders

may nonetheless satisfy the qualification criteria required herein by delivering as a part

of qualification statement an Undertaking of the Lead Member and/or the Operating

Member (or a combination of them) addressed to Bangladesh Power Development

Board (BPDB) undertaking and agreeing that the Lead member and/or the operating

member, as the case may be, shall invest the equity of the member who cannot satisfy

the financial test in this section 2.2.1 to ensure the required equity investment for the

project.

2.2.2 If the Bidder is a consortium, the net worth requirement mentioned in

Section shall be split up among the consortium members, proportionate to

their equity share in the consortium. All members of the consortium must

fulfill the net worth requirement in proportion to their equity share in the

consortium.

2.3 A Bidder (or, in the case of a consortium Bidder, the Lead Member) may bypass the

financial requirements of Section 2.2.1 if it can demonstrate that it has total assets in

excess of USD 12 million or equivalent BDT and the Net Worth equal to USD 6.0

million or equivalent BDT . In addition to that all other members of the consortium must

fulfill the net worth requirement in proportion to their equity share in the consortium

audited balance sheet for most recent financial years. A Bidder or consortium member

that wishes to avail itself of the exemption in this Section 2.3 must substantiate its claim

by attaching to the Qualification Statement its audited balance sheets for the

immediately preceding fiscal year, which should be prepared in accordance with IAS/

BAS/GAAP.

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3. Technical Criteria

3.1 Development Experience

3.1.1 The Bidder (or, in the case of a consortium Bidder, the Lead Member or the

Operating Member) must provide details in its Qualification Statement evidencing

its successful development of Solar Power Generation projects with an aggregate

capacity of 500 kWp or more within last 15 years including at least one grid tied

solar power project capacity of 20 kWp or more, which is connected to the

national power grid in the country in which such project is located.

3.1.2 For purposes of determining compliance with the requirements of Section

3.1.1, “successful” development means all the following:

• Having brought the project to commercial operations.

Bidder will be required to provide in its Qualification Statement a list of the projects that

it wishes to cite in fulfillment of the criteria set out in this Section 3.1.2.

3.1.3 For purposes of calculating an Bidder’s aggregate project experience to determine compliance with the criteria described in Section 3.1.1, only projects in which the

Bidder (or, in the case of a consortium Bidder, the Lead Member or Operating

Member) held a majority ownership interest at the time at which such projects

achieved commercial operation will be counted.

4. Other Criteria

4.1 The Bidder shall provide the Bid Security in the form of an irrevocable and unconditional bank guarantee, issued by a scheduled bank in Bangladesh or by a foreign bank which has

been authenticated by a scheduled bank in Bangladesh and shall by it’s terms be

encashable at a bank in Dhaka, Bangladesh in the format and language as provided in

Annex C, Exhibit I, Attachment I-2 (entitled “Bid Security”) of the RFP payable to BPDB

upon presentation to a bank in Bangladesh amount of USD 5000 or equivalent BDT of the

offered capacity.

In case of consortium Bidder, each consortium Member shall provide its own Bid Security

on a proportionate shareholding basis as mentioned in the joint venture or consortium

agreement. The Weak Member, who is unable to submit the Bid Security based on its

proportionate shareholding in the consortium, in such case, either the Lead Member shall

submit the portion of the Bid Security of the Weak Member along with its own Bid

Security.

4.2 The validity of the Bid shall be for 9 (nine) months from the Bid Date.

4.3 The Bidder (or, in the case of a consortium Bidder, each member of the consortium) must

not have had a Material Dispute resolved against it in the past 10 years. For purposes of

this Section 4, a “Material Dispute” is any dispute where either (a) the amount in dispute

was at least USD 0.15 million or equivalent BDT or (b) termination of a material project

agreement was sought.

4.4 Each Bidder must provide details in its Qualification Statement on any Material Disputes

which are either pending or have been resolved against it (or, in the case of a consortium

Bidder, any member of the consortium). If an Bidder (or, in the case of a consortium

Bidder, any member of the consortium) has a Material Dispute which is pending against it

as of the Qualification Closing Date and such Material Dispute is subsequently resolved

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against the Bidder or such consortium member, the Bidder will be disqualified.

4.5 The Bidder must attach to its Qualification Statement, in the order set forth in the annex to

the Qualification Statement, certified true copies of the documents listed in that annex.

4.6 Each Bidder must pay a non-refundable processing fee of BDT 10,000 (Taka Ten

thousand only ) upon the submission of its Qualification Statement. The processing fee

should be paid by an international bank draft encashable in any scheduled bank in

Bangladesh or local bank draft made payable to “Secretary, BPDB” and should

accompany each Bidder’s Qualification Statement.

5. Exclusion Criteria

5.1 Bidders will be disqualified from the qualification process in any of the following

events:

5.1.1 Non compliance with any of the evaluation criteria and/or the requests and/or the

conditions set up in the Qualification Document or failure by a Bidder to provide any of

the required information or documentation in its Qualification Statement.

5.1.2 If any of the information submitted by a Bidder is found at any time during or after the

qualification process to have been inaccurate or misleading.

5.1.3 If a Material Dispute that is pending against a Bidder (or, in the case of a consortium

Bidder, any member of the consortium) as of the Bid Closing Date and such Material

Dispute is subsequently resolved against the Bidder or such consortium member.

5.1.4 Incomplete presentation of the documents or information requested.

5.1.5 Any clarifications requested by Bangladesh Power Development Board (BPDB) from a

Bidder are not received by a deadline reasonably set by BPDB.

5.1.6 Any consortium member participating as either a Lead Member or an Operating

Member with more than one Bidder.

6. Rejection Clause

6.1 Bidders shall be disqualified from the Qualification process in any of the following events:

6.1.1 The Bid Security amount is less than the required amount as mentioned in this Bid

Document

6.1.2 If the Bid Security has not been submitted as per clause no 4.1 and 4.3.

6.1.3 If any Litigation is pending as mentioned in Clause 4.3 as of the Bid Date.

6.1.4 Bidder offering the Required Commercial Operations Date beyond fifteen (15) Months.

6.1.5 Any Bidder or consortium Member participating in more than one Bid for a particular

Package.

6.1.6 The Bidders who has participated in the bidding process beyond the terms and conditions

as ascribed in the heading of "ENTITLEMENT FOR PARTICIPATION IN THE BIDS" in

Section 13 of the Bid Document.

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ANNEX A

THIS QUALIFICATION STATEMENT CONSISTS OF THE FOLLOWING FORMS

AND ANNEXES

a. A Qualification Cover Letter (Annex A-1), which should be signed by each Bidder

(or, in the case of a consortium Bidder, each member of the consortium).

b. A Qualification Statement Form (Annex A-2), which should be signed by an

authorized signatory of each Bidder.

c. A Signing Authorization Form (Annex A-3), which should be signed by each Bidder

(or, in the case of a consortium Bidder, each member of the consortium).

d. Each of the following annexes:

Annex A Certified true copies of the constitutional documents of the Bidder (or,

in the case of a consortium Bidder, constitutional documents of each

member of the consortium), together with certified English language

translations of such documents where the originals of such documents

are not in the English language.

Annex B (only for consortium Bidders) Certified true copy of the consortium

agreement detailing the terms on which the consortium has been

established, which should include the following information: -

Identification of the Lead Member and Operating Member of the

consortium; and Extent of shareholding of each member in the

consortium.

Annex C (only for Bidders who have responded affirmatively to Question 1 of

Part B of the Qualification Statement) Certified true copies of the

Bidder’s audited balance sheets (or, in the case of a consortium Bidder,

the audited balance sheets of the Lead Member) for the most recent

financial year, which should be prepared in accordance with

International Accounting Standards (IAS)/ Bangladesh Accounting

Standards (BAS)/ GAAP and evidence total assets of USD 12 million or

equivalent BDT and Net Worth equal to or in excess USD 6 million or

equivalent BDT .

Annex D (for Bidders who did not respond affirmatively to Question 1 of Part B

of the Qualification Statement) Certified true copies of the Bidder’s

audited balance sheets (or, in the case of a consortium Bidder, the

audited balance sheets of each of the consortium member) for the past

three fiscal years, which should be prepared in accordance with

International Accounting Standards (IAS)/ Bangladesh Accounting

Standards (BAS) and demonstrate the following according to the

Section 2.2.1:

-Profitability in 2 of the last 3 fiscal years;

-A Current Ratio (i.e. current assets divided by current liabilities)

of no less than 1:1 in 2 of the last 3 fiscal years;

-A Net Worth equal to or in excess of USD 0.5 million or

equivalent BDT in 2 of the last 3 fiscal years;

Annex E Documents in support of raising equity and debt; project development

experience following the criteria set in 2.1.1, 2.1.2 and 3.1

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ANNEX A-1

QUALIFICATION COVER LETTER To: Secretary

[INSERT DATE]

From: [INSERT BIDDER NAME & ADDRESS]1

The Bidder, [INSERT NAME], through this letter is requesting participation in the qualification

process for "Grid tied rooftop solar PV system installation on government building" on BOO

basis at Jamalpur District Town, Bangladesh, (the “Project”) in the People’s Republic of

Bangladesh.

The Bidder hereby declares, in accordance with Section II of the Qualification Document that it:

(a) Authorizes Bangladesh Power Development Board (BPDB) to proceed with the due

diligence necessary to verify the information presented by the Bidder in connection with the

qualification process;

(b) Confirms the veracity of the information presented by the Bidder in this Qualification

Statement and otherwise in connection with the qualification process;

(c) [Has not participated in the qualification process through another Bidder either directly or

through its subsidiaries and/or affiliates.]

The Bidder confirms that it accepts the qualification criteria as stipulated in the Qualification

Document dated [INSERT DATE OF QUALIFICATION DOCUMENT] in relation to the

implementation of the Project and waives any right to seek and obtain any court injunction or

restraining order against the Government of the People’s Republic of Bangladesh or Ministry of

Power, Energy and Mineral Resources or any other government authority involved in the

implementation of the Project to prevent or restrain the qualification process, the holding of a

tender, the award of any related contract or any proceedings related thereto.

Yours sincerely,

[Name of Bidder]3

1Consortium Bidders should include the name and address of each member of the consortium.

2Consortium Bidders should have each member of the consortium execute the cover letter.

3This form to be notarized.

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ANNEX A-2

QUALIFICATION STATEMENT FORM

Date of submission: ______________________

A: Bidder Details

Name: _________________________________________ Jurisdiction of Incorporation:

_______________________________________ Type of Organization:

corporation/partnership/limited liability company/other: _________ Mailing Address4

:

_______________________________________________________

Telephone number: _______________________ Fax number: _______________________

Contact details of representative to whom correspondence should be addressed: Name:

_______________________________________ Mailing Address:

______________________________________________________ Telephone number:

_______________________ Fax number: _______________________ (For consortium

Bidders)

Lead Member: _______________________________________ Shareholding: ________%

Operating Member: ___________________________________ Shareholding: ________%

Other members: _______________________________________ Shareholding: ________%

Contracted Facility Capacity Offered : ________ MW

Validity of the Bid ______ Months

Bid Security Amount ________ USD

Validity of the Bid Security

________ Months.

The Bidder should attach certified copies of the documents required as Annex A and

Annex B (if applicable) to this Qualification Statement.

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Consortium Bidders should provide address and contact details for the Lead Member.

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B: Financial Criteria

(1)

(a) Does the Bidder (or, in the case of a consortium Bidder, the Lead Member) have total

assets equal to or exceeding USD 12 million or equivalent BDT and Net Worth equal to

USD 6.0 million or equivalent BDT ?

___Yes

___No

(b) In the case of a consortium Bidder, all the members of the consortium except weak

member must fulfill the net worth requirement in proportion to their equity share in the

consortium for the most recent financial year.

Bidders responding affirmatively to Question 1 should provide their audited balance sheets

(or, in the case of a consortium Bidder, the audited balance sheets of the Lead Member) for

the most recent financial year as Annex C to this Qualification Statement.

(2) Bidders who did not respond affirmatively to Question 1 should provide the following

additional information (please complete the table and then answer the questions below):

Bidder/ In

Millions

Bidder (or, in the case of

a consortium Bidder, the

Lead Member)

Member A Member B

Year Year

1

Year

2

Year

3

Year

1

Year

2

Year

3

Year

1

Year

2

Year

3

Net Income in

USD/BDT

Current Assets

Current Liabilities

Current Ratio

(a) Has the Bidder (or, in the case of a consortium Bidder, each member of the consortium)

demonstrated profitability requirement of sub-section 2.2.1 of Section II?

____ Yes

____ No

(b) Does the Bidder (or, in the case of a consortium Bidder, each member) meet a Current Ratio

of requirement of sub-section 2.2.1 of Section II?

____ Yes

____ No

Bidder / In Millions Lead Member Member A Member B

Net Worth

Required Net Worth

( USD 0.5 million or equivalent

BDT X ……% of equity

share/100)

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Bidder/ In Millions

Bidder (or, in the case of

a consortium Bidder,

the Lead Member)

Member A Member B

Year Year

1

Year

2

Year

3

Year

1

Year

2

Year

3

Year

1

Year

2

Year

3

Total Asset

Total Liability

Net Worth

Required Net Worth

(USD 0.5 million or

equivalent BDT X

……% of equity

share/100)

(c) Does the Bidder have a Net Worth of no less than USD 0.5 million or equivalent BDT

or in case of consortium Bidder each member of the consortium has a net worth of no

less than required net worth calculated as a portion of USD 0.5 million or equivalent

BDT in proportion to their equity share in the consortium?

__ Yes

___No

Bidders are required to respond affirmatively to each of parts (a) through (c) of Question

2 in order to meet the financial criteria for the qualification process. Bidders (or in case

of consortium, each member) should provide their audited balance sheets for the three

most recent financial years as Annex D to this Qualification Statement. If the Bidder is a

consortium, the net worth requirement mentioned in Section 2.2.1 shall be split up

among the consortium members, proportionate to their equity share in the consortium.

All members of the consortium must fulfil the net worth requirement in proportion to

their equity share in the consortium.

(3) Please list one or more projects in respect of which the Bidder (or, in the case of a

consortium Bidder, the Lead Member) has raised equity financing of at least USD 0.5

million or equivalent BDT in the past 15 years in the aggregate.

Project

Name

Off taker

Name Location Country

Completion

Date

Amount

Raised

(4) Please list one or more projects in respect of which the Bidder (or, in the case of a

consortium Bidder, the Lead Member) has raised debt financing of at least USD 3.0

million or equivalent BDT the past 15 years in the aggregate :

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Project

Name

Off taker

Name Location Country

Completion

Date

Amount

Raised

C: Technical Criteria

Development Experience

(1) Does the Bidder (or, in the case of a consortium Bidder, the Lead Member or the Operating Member) meet the development experience requirements of sub-section 3.1 of

Section II of the Qualification Document? ______ Yes

______ No

(2) Please list all Solar power projects in respect of which the Bidder (or, in the case of a

consortium Bidder, the Lead Member or the Operating Member has successfully

developed over the past 15 years:

Project

Name

Off taker

Name Location Country

Completion

Date

Capacity in

KWp

(3) Please list each grid-tied solar power project with a generating capacity of 20 kWp or

more which is connected to the national power grid in the country in which such project

is located in respect of which the Bidder (or, in the case of a consortium Bidder, the

Lead Member or the Operating Member) has successfully developed over the past 15

years:

Project

Name

Off taker

Name Location Country

Completion

Date

Capacity in

KWp

(4) Do all of the projects cited in the response to questions (2) and (3) above meet the

criteria for “successful” management set out in sub-section 3.1.2 of Section II of the

Qualification Document?

______ Yes

______ No

(5) Have the calculations of mega wattage for purposes of the responses to questions (2) and

(3) above been made in accordance with the requirements of sub-section 3.1.3 of Section

II of the Qualification Document?

______ Yes

______ No

D: Other Criteria

(1) Please provide details on any disputes with any governmental entity or off-taker relating

to any power project where (i) the amount in dispute is USD 0.15 million or equivalent

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BDT or (ii) termination of a material project agreement is sought. Please note whether

such disputes either were not resolved in favor of the Bidder over the past 10 years or

are still pending. Answers may be submitted on a separate page if necessary.

Year Nature of dispute Outcome Damages payable

------ ---------------------- ------------ -------------------------

------ ---------------------- ------------ -------------------------

------ ---------------------- ------------ -------------------------

------ ---------------------- ------------ -------------------------

E: Bid Security

i) Has the Bidder submitted the Bid Security as per Section II A 4.1 ?

____ Yes ____ No

ii) Whether the submitted Bid Security is acceptable? ____ Yes ____ No

F: Attestations

We hereby certify and confirm that, as of the date of this Qualification Statement, all of the

information provided herein (including all information provided in Section D hereof with respect

to material disputes and all supporting documentation annexed hereto) is true, correct and

complete.

Signed by:

Authorized Signatory

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ANNEX TO QUALIFICATION STATEMENT

SUPPORTING DOCUMENTATION TO BE FURNISHED BY BIDDER

We hereby submit for your examination and consideration each of the following documents:

a. A Qualification Cover Letter (Annex A-1), which should be signed by each Bidder

(or, in the case of a consortium Bidder, each member of the consortium).

b. A Qualification Statement Form (Annex A-2), which should be signed by an

authorized signatory of each Bidder.

c. A Signing Authorization Form (Annex A-3), which should be signed by each Bidder

(or, in the case of a consortium Bidder, each member of the consortium).

d. Each of the following annexes:

Annex A Certified true copies of the constitutional documents of the Bidder (or,

in the case of a consortium Bidder, constitutional documents of each

member of the consortium), together with certified English language

translations of such documents where the originals of such documents

are not in the English language.

Annex B (only for consortium Bidders) Certified true copy of the consortium

agreement detailing the terms on which the consortium has been

established, which should include the following information: -

Identification of the Lead Member and Operating Member of the

consortium; and -Extent of shareholding of each member in the

consortium.

Annex C (only for Bidders who have responded affirmatively to Question 1 of

Part B of the Qualification Statement) Certified true copies of the

Bidder’s audited balance sheets (or, in the case of a consortium Bidder,

the audited balance sheets of the Lead Member) for the most recent

financial year, which should be prepared in accordance with

International Accounting Standards (IAS)/ Bangladesh Accounting

Standards (BAS)/ GAAP and evidence total assets of USD 12 million or

equivalent BDT and Net Worth equal to or in excess USD 6.0 million

or equivalent BDT .

Annex D (for Bidders who did not respond affirmatively to Question 1 of Part B

of the Qualification Statement) Certified true copies of the Bidder’s

audited balance sheets (or, in the case of a consortium Bidder, the

audited balance sheets of each of the consortium member) for the past

three fiscal years, which should be prepared in accordance with

International Accounting Standards (IAS)/ Bangladesh Accounting

Standards (BAS) and demonstrate the following according to the

Section 2.2.1:

-Profitability in 2 of the last 3 fiscal years;

-A Current Ratio (i.e. current assets divided by current liabilities)

of no less than 1:1 in 2 of the last 3 fiscal years;

-A Net Worth equal to or in excess of USD 0.5 million or

equivalent BDT in 2 of the last 3 fiscal years;

Annex E Documents in support of raising equity and debt; project development

experience following the criteria set in 2.1.1, 2.1.2. and 3.1.

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ANNEX A-3

SIGNING AUTHORIZATION

To: Secretary, Bangladesh Power Development Board (BPDB)

[INSERT DATE]

From: [INSERT BIDDER NAME & ADDRESS]5

Dear Sir,

We refer to our Qualification Statement in respect of that certain "Grid tied rooftop solar PV

system installation on government building" on BOO basis at Jamalpur District Town,

Bangladesh, in the People’s Republic of Bangladesh.

We hereby confirm that the following person(s) is/are authorized to execute the Qualification

Statement, together with any other documents delivered to you in connection therewith, on our

behalf.

Name Passport Number /Country

of Issue Specimen Signature

We confirm that we will be responsible for any representations and/or statements made in any

documents delivered to you in connection with the qualification process which are executed by

the above persons.

Yours sincerely,

[Name of Bidder]6

5

Consortium Bidders should include the name and address of each member of the consortium.

6