Railway Energy Management Company Limited (REMCL) has issued a tender to select developers for the supply of 500 MW of round-the-clock power from grid-connected renewable energy projects to the Indian Railways. The deadline for bid submissions is February 25, 2025. The scope of work involves establishing a renewable energy project, with or without storage, including the creation of a dedicated transmission network up to the interconnection or delivery point. It also includes securing the necessary land for the project.
According to the tender guidelines, the bidders are required to submit a deposit of Rs 980,000 per MW and a performance bank guarantee of Rs 2 million per MW. Additionally, a bid document fee of Rs 29,500 and a bid processing fee of Rs 1 million plus 18 per cent GST per project must be submitted. Success charges are set at Rs 100,000 per MW plus 18 per cent GST. The bidders must develop the projects on a build-own-operate basis, with a minimum bid capacity of 100 MW. The tariff quotes will be evaluated using a discounting factor of 9.25 per cent, with levelised tariffs considered for assessment. The project must be commissioned within 24 months. For the first three contract years, bidders must ensure an annual power supply availability of 75 per cent, increasing to 85 per cent for the remaining years. Time-block availability of at least 50 per cent must be maintained throughout the contract tenure. Only commercially established and operational technologies are permitted. Wind turbine models must be type-certified and listed in the Revised List of Models and Manufacturers, while solar modules must be from the Approved List of Models and Manufacturers.
According to the eligibility criteria, the bidders are required to have an annual turnover of Rs 48 million per MW in the last financial year. If project availability falls below the minimum, damages will be imposed at 200 per cent of the applicable tariff for the annual energy shortfall. Similarly, time-block availability below 50 per cent will result in damages of 200 per cent of the applicable tariff for the energy shortfall on a time-block basis. Excess energy generated may be sold to third parties or power exchanges.
