Qualification criteria are as follows: 
(1)A Bidder may be a firm that is a private entity, a state-owned entity- subject to ITB 4.3- or any combination of such entities in the form of a joint venture (JV) under an existing agreement or with the intent to enter into such an agreement supported by a letter of intent.
(2)Bidders must be independent legal entities registered in accordance with the law. Foreign bidders are required to provide a business license issued by the relevant department of their country; Domestic bidders are required to provide a business license issued by the State Administration for Industry and Commerce.
(3) Financial Capabilities: Submission of audited balance sheets or if not required by the law of the Bidder’s country, other financial statements acceptable to the Purchaser, for the last 3 years(2022,2023,2024) to demonstrate the current soundness of the Bidder’s financial position based on the following criteria:
liquidity ratio ≥ 1.1
((Current Assets) / (Current Liabilities) ≥ 1.1)
indebtedness ratio ≤ 80%
((Total Liabilities) x 100 / (Total Assets) ≤ 80%)]
(4)Average Annual Supplier Turnover: Minimum average annual supplier turnover of EUR 100 million or RMB equivalent (exchange rate based on the date of the bids opening), calculated as total certified payments received for contracts in progress and/or completed within the last 3 years (2022,2023,2024), divided by 3 years.
(5)Similar Experience: In the past decade (from January 1, 2015 to the bidding deadline), as the seller, successfully completed at least 1 heating project financed by AFD loan, with a contract amount of no less than EUR 10 million or RMB equivalent (exchange rate based on the date of the bids opening).
Additional details are provided in the Bidding Documents.