Financial Institution

i. Should be a scheduled commercial bank (other than regional rural bank)or public financial institutions (registered under section 4A of the Companies Act 1956 (1 of 1956))or non-banking financial companies with the certificate of registration from Reserve Bank of India, registered under the category of non-deposit taking non-banking financial companies, Systemically Important Core Investment Company not raising public deposit or Infrastructure Finance Companies.

ii. Should have a minimum net worth of INR 300 crore or its equivalent in foreign currency in at least two of the last three (3) years

iii. Should be in active business for a minimum period of 5 years and profitable for last 3 years

iv. Should have appraised and sanctioned at least 5 loans for energy savings/ renewable energy projects/ power projects/ infrastructure projects in last three years.

v. Should not be involved in any major litigation that may have an impact of affecting or compromising the delivery of services as required under this contract

vi. Should not be black-listed by any Central/ State Government/ Public Sector Undertaking in India.

The above points (ii to iv) will not be applicable for Public sector banks (other than regional rural banks).

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