NTPC Tamilnadu Energy Company Ltd megare risk & terrorism insurance tender Tiruvallur Tamil Nadu 2026

Tender Overview

Organization: NTPC Tamilnadu Energy Company Ltd. Procurement: Assets Insurance Service covering Mega Risk Insurance and Standalone Terrorism Insurance, including renewal of policy for three units and associated FGD system, plus outside assets, for a one-year term starting 01 Aug 2026. Location: Tiruvallur, Tamil Nadu (600019). Scope: Renewal of existing mega risk and terrorism coverage with asset-specific inclusions as per bid terms. Bid context: ATC clauses prohibit deviations from bidding documents; quantity/duration adjustments up to 25% permitted prior to contract issuance.

Technical Specifications & Requirements

• Insurance coverage type: Mega Risk Insurance and Standalone Terrorism Insurance for all three NTPC units and FGD system, including outside assets.
• Contract duration: One year term (starting 01 Aug 2026); extension/renewal subject to bid terms.
• Coverage geography: Assets located at NTPC Tamilnadu Energy Company Ltd facilities in Tamil Nadu; incidental external assets included.
• ATC guidance: No deviation from bidding documents; quantity/duration may adjust up to 25% pre-issuance and post-issuance respectively.
• Documentation: Submission must comply with bidder terms; ATC uploaded document referenced.
• Standards/Compliance: Not specified in data; bidders should rely on standard insurance policy wording for mega risk and terrorism cover.
• Delivery/Activation: Policy activation aligned to contract start date; renewal aligns with policy expiry for the three units and FGD system.

Terms, Conditions & Eligibility

• EMD: Not disclosed in data. (Bid specifics to be confirmed in tender documents)
• Quantity/Duration adjustment: Up to 25% allowed before contract issuance; post-issuance adjustments similarly permitted.
• No deviation: Bidders must adhere to all terms; no deviation from bid documents.
• ATC documents: ATC document uploaded and to be viewed by bidders.
• Eligibility: Applicants must comply with standard insurance bidder prerequisites and provide policy capability for mega risk and terrorism insurance.
• Payment terms: Not specified in data; to be clarified in official bid terms.
• Warranty/Support: Not specified; insurance policies govern coverage terms and claims process.
• Delivery/completion: Insurance policy activation and renewal aligned with term dates.
• Renewal scope: Includes three NTPC units, FGD system, and outside assets.