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Israel-Tel Aviv: EIB - Solar power plants
Dimona Solar PV Power Plant
Solar Power Plants
Request for Pre-qualification for Tender
This request for pre-qualification for tenders relates to the contract for the finance, design, construction, operation, maintenance and transfer of a solar PV power plant.
This contract will include: the finance, design, construction, operation and maintenance of a solar PV power plant near the city of Dimona in the Negev. At the end of the term of the agreement the project will be handed over to the State of Israel without any additional payment. The contract may include the finance, design, construction, operation and maintenance of an electricity storage system.
This contract is expected to be implemented from the date the successful bidder and the State of Israel sign the contract to the end of the concession period. The exact dates and contract periods have yet to be determined.
The pre-qualification process includes several financial pre-qualification requirements, which the participant and/or the members of the participant need to demonstrate compliance with, including without limitation in the following areas, as detailed in the Invitation for pre-qualification (the ‘Invitation’). For the avoidance of any doubt, it is hereby clarified that the pre-qualification requirements are only generally detailed herein and are subject to the provisions of the invitation:
Financial pre-qualification requirements
Turnover: the participant is required to have an annual weighted turnover of at least NIS 300 000 000 during the last three (3) years. The participant’s annual weighted turnover will be calculated according to the average annual turnovers of its members during the last three (3) years, based on their most recent available audited financial statements, pro-rata to their anticipated holdings in the participant.
Note: an adaptation to this requirement for members which are ‘Financial Entities’ (as defined in the Invitation) is included in the Invitation.
Operating cash flow: each of the members in the participant, which is not a ‘Financial Entity’, complies with one of the following requirements:
— the member’s average annual cash flow from operating activities during the last three (3) years, based on its most recent available audited financial statements, is not negative; or
— the ratio between the absolute value of the lesser of:
1) the member’s average operating cash flow during the last three (3) years, based on its most recent available financial statements; and
2) the member's annual operating cash flow during the year of its most recent available financial statement and the member's equity on December 31 of the year of its most recent available financial statement, deducted by the ‘Minimal Required Equity’ is lower than 25 %.
Equity: each of the members in the participant has, for every 1 % of its anticipated holdings in the participant, equity of NIS 2 000 000, on December 31 of the year of its most recent available audited financial statement (‘Minimal Required Equity’).
Private investment fund: for a member which is a Private Investment Fund (as defined in the Invitation) — the member complies with the following requirements:
As of the date commencing 14 days prior the pre-qualification submission date, the amount of the unutilised commitments under its management is at least NIS 6 000 000 for every 1 % of the member's anticipated holdings in the participant.
Banking corporation/institutional investor: for a member which is a Banking Corporation or Institutional Investor (as defined in the Invitation) — the member complies with at least one of the following requirements:
— its equity (excluding minimal equity required by law, to the extent relevant) is not less than NIS 3 000 000 for each 1 % of anticipated holdings in the participant, on December 31 of the year of its most recent available audited financial statement; or
— it manages assets with a net worth value of not less than NIS 50 000 000 for each 1 % of anticipated holdings in the participant, on December 31 of the year of its most recent available audited financial statement.
‘Going Concern’: For each member — its most recent available audited financial statements do not contain a ‘Going Concern’ notice
Additional pre-qualification requirements, conditions and definitions — are contained within the Invitation, including the submittal of approvals required by any law.
The tender committee reserves the right to change, inter alia, the said pre-qualification requirements as well as additional prerogatives, all as set forth in the invitation.
All firms which are not residents or citizens of a state which does not have diplomatic relations with the State of Israel and meet the other requirements under the invitation are invited to participate in the pre-qualification.
Interested eligible bidders may obtain further information from, and inspect the request for pre-qualification at:
Mr. Ohad Ben Yossef, the Coordinator of the Tender Committee, phone No 973-3-9778732 or by sending him a request (via email: dimonaPV@inbal.co.il). In addition, the invitation can be downloaded from the Government Procurement Administration website at: https://www.mr.gov.il/officestenders/Pages/officetender.aspx?pID=646225
Participants may participate in the pre-qualification process upon payment of a non-refundable fee of NIS 5 000 to:
By an Israeli credit card, at the following website: https://ecom.gov.il/Counter/general/homepage.aspx?counter=62&catalog=1&category=AccountantGeneral_1_FastLanes&language=he
By a bank transfer from an Israeli bank account — to the Bank of Israel (bank code: 99, branch code: 001), bank account number 310018130 (Accountant General — NIS income account).
By a bank transfer from a foreign bank account — Final Beneficiary Bank = Bank of Israel, Jerusalem
Swift code = ISRAILIR
Beneficiary name = Accountant General-NIS income account
Beneficiary IBAN = ILS370990011310010081303
Text in field 72: TTC/613
All requests for pre-qualification must be delivered in closed envelopes bearing the mention ‘Pre-qualification Submission for Pre-Qualification Process No 1/2020 in relation with a tender for the Financing, Designing, Construction and Operation of a Solar PV Power Plant Near Dimona, submitted by [the name of the Participant]’ not later than 26 May 2020 14.00 (2 p.m.) (ISR time) at the following address:
Private Public Partnerships Division, Inbal Insurance Company Ltd., Inbal House, 3 Arava St, 5th Floor, P O.B. 282, Airport City, Ben-Gurion Airport, 7015103, Tel Aviv, ISRAEL