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On behalf of Indian Railways, REMC Restricted, a three way partnership between Indian Railways and RITES, has issued an invite for bids to buy 1 GW of round the clock (RTC) electrical energy from grid-connected renewable energy tasks all through India over a 25-year interval.
The minimal bid capability stipulated by the tender is 250 MW. The deadline for submitting on-line proposals is August 16, 2022. The day of the bid opening is August 18.
Any bidder from a nation that borders India on land could take part on this procurement offered they’ve registered with the suitable authority.
The earnest cash deposit required to be submitted by the bidders is the same as Rs 980,000/MW.
7 working days earlier than the ability buy settlement (PPA) is signed, the profitable bidder should present the buying entity with a efficiency financial institution assure equal to Rs 2 million/MW.
For the primary 4 years of the contract, the undertaking’s yearly availability must be 75%; for the remaining contract years, it must be 85%.
Commissioned tasks are excluded from consideration for this procurement. Nonetheless, tasks which might be nonetheless within the planning levels or that haven’t but been put into operation will probably be taken under consideration if they aren’t already lined by different federal or provincial applications.
If vital, the developer could determine to include an power storage system (ESS) into the undertaking or enter right into a separate settlement with a 3rd occasion. The power saved within the storage system may also be included within the provide, offered it must be from renewable sources.
Within the occasion of an influence provide deficit, the developer will probably be accountable for the shortfall power, computed on an annual or time block foundation, at a price equal to 200% of the tariff for that contract 12 months.
The bidder’s internet value should have been at the very least Rs 30 million/MW in the course of the fiscal 12 months simply earlier than the bid submission deadline, to take part within the bidding course of. Additional, the bidder’s minimal yearly turnover for the latest fiscal 12 months must be Rs 48 million/MW.
Moreover, the bidder should possess a letter of in-principle approval from the financing establishments pledging a Line of Credit score for a minimal sum of Rs 12 million/MW towards satisfying the undertaking’s working capital wants.
The land wanted for the renewable power undertaking must be acquired by the developer.
The authorized checklist of fashions and producers (ALMM) revealed by the Ministry of New and Renewable Vitality (MNRE) must be utilized to supply the photo voltaic modules for the tasks. Moreover, wind generators from producers on the Revised Listing of Fashions and Producers (RMLL) shall be employed.
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