Railways invite bid for 750 MW 24/7 renewable power
POWER & RENEWABLE ENERGY

Railways invite bid for 750 MW 24/7 renewable power

REMCL, a collaboration between Indian Railways and RITES, has announced an invitation to bid for the procurement of 750 MW of round-the-clock (RTC) power from grid-connected renewable projects with or without storage all over India for a duration of 25 years, acting on behalf of Indian Railways.

The deadline for bid submissions is October 30, 2023, and bids will be revealed on November 2. Bidders are required to provide an earnest money deposit of Rs 980,000/ MW of the quoted capacity. The chosen bidder must present a performance bank guarantee worth Rs 2 million/MW of the allocated capacity at least seven working days before the signing of the power purchase agreement (PPA).

Additionally, they are obligated to pay a success charge of Rs 100,000 /MW along with an 18% goods and service tax to REMCL. Each bid should have a minimum capacity of 100 MW. The project's yearly availability is fixed at 75% for the initial four years, which increases to 85% for the remaining contract years. Time-block-wise availability necessitates a minimum project availability of 50% throughout the contract duration.

In case of a power supply deficit, developers will be held responsible for paying 200% of the applicable tariff for that specific contract year, calculated annually or on a time-block basis. The power supply must include energy sourced from the storage system, provided that renewable sources are utilised for energy storage.

The tariff is anticipated to be mutually agreed upon by all parties involved. The tariff for each year will be levelled based on a discounting factor of 7.7%. To mitigate technological risks and ensure timely commissioning, only established and operational technologies should be used for these projects.

If incorporated, energy storage systems (ESS) may be part of the project or connected separately with a third party by the developer. Crucially, ESS power provided for this project must originate from renewable sources.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

REMCL, a collaboration between Indian Railways and RITES, has announced an invitation to bid for the procurement of 750 MW of round-the-clock (RTC) power from grid-connected renewable projects with or without storage all over India for a duration of 25 years, acting on behalf of Indian Railways. The deadline for bid submissions is October 30, 2023, and bids will be revealed on November 2. Bidders are required to provide an earnest money deposit of Rs 980,000/ MW of the quoted capacity. The chosen bidder must present a performance bank guarantee worth Rs 2 million/MW of the allocated capacity at least seven working days before the signing of the power purchase agreement (PPA). Additionally, they are obligated to pay a success charge of Rs 100,000 /MW along with an 18% goods and service tax to REMCL. Each bid should have a minimum capacity of 100 MW. The project's yearly availability is fixed at 75% for the initial four years, which increases to 85% for the remaining contract years. Time-block-wise availability necessitates a minimum project availability of 50% throughout the contract duration. In case of a power supply deficit, developers will be held responsible for paying 200% of the applicable tariff for that specific contract year, calculated annually or on a time-block basis. The power supply must include energy sourced from the storage system, provided that renewable sources are utilised for energy storage. The tariff is anticipated to be mutually agreed upon by all parties involved. The tariff for each year will be levelled based on a discounting factor of 7.7%. To mitigate technological risks and ensure timely commissioning, only established and operational technologies should be used for these projects. If incorporated, energy storage systems (ESS) may be part of the project or connected separately with a third party by the developer. Crucially, ESS power provided for this project must originate from renewable sources.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000