The main aim of the study is to recommend methods for reducing TCC's power expenses by establishing power projects that generate renewable energy using different models, along with cost-benefit analyses. It also involves identifying sources of affordable conventional and non-conventional power through suitable means such as bilateral agreements of appropriate duration, along with cost-benefit analyses.

The deadline for bid submissions is May 29 2023, with bid opening taking place the following day.

Bidders are required to submit an earnest money deposit of £25,000 ($304). The selected bidder must provide an amount equivalent to 5 per cent of the total contract value within 14 days of receiving the tender acceptance notification from the company.

The consultant's responsibility is to develop efficient and feasible models for procuring affordable power, including the establishment of non-conventional power projects using various implementations and financing approaches.

To be eligible, bidders must have conducted at least one similar study related to power cost optimisation and sourcing for state electricity boards or companies. They should have also completed a feasibility study for non-conventional power projects with a minimum capacity of 10 MW.

The bidder should be a government agency and be empaneled with state electricity boards, central or state government electricity companies, government agencies in the power sector, electricity regulatory commissions, or public sector undertakings in the power sector.

Additionally, bidders must have achieved an annual turnover of £5 million ($60,780) in the last two financial years.

Recently, the Agency for New and Renewable Energy Research and Technology, under the Kerala government, invited bids for 2 MW solar projects at multiple locations within the Travancore Titanium Products company campus in Kochuveli, Thiruvananthapuram.

Out of the total capacity, 1.5 MW will be ground-mounted, while 500 kW of solar systems will be installed on the roofs of various buildings on the campus.

Previously, the Kerala State Electricity Board had invited bids to empanel solar developers for the establishment of 100 MW of grid-connected rooftop and ground-mounted projects.