For projects that are above 50 MW, bidding eligibility criteria state that the applicants must have taken up and commissioned similar projects of at least 40 MW in cumulative capacity, with one project being larger than 10 MW. The reference 10 MW must have been operational for at least six months. Separately, applicants must also have had a minimum average annual turnover, not less than ₹2 billion (~$28.02 million) in the last three financial years. Recently, Mercom reported that the NHPC extended the bid submission deadline of its tender for 2 GW of solar projects. It also raised the minimum tariff payable to the project to ₹2.78 (~$0.04)/kWh from ₹2.65 ($0.037)/kWh. Earlier, NHPC issued an engineering procurement and construction (EPC) contract for developing 40 MW of grid-connected solar power project at Ladeihil village in Ganjam district of Odisha. The NHPC had signed a memorandum of understanding back in 2015 with the Solar Energy Corporation of India to set up 250 MW of solar projects in the country.