Coal India Invites EOI for 4.5 GW Renewable Power Project

23 May 2025 CW Team

Outlined in a document dated 19 May 2025, the phased project is expected to deliver up to 11.5 billion units of renewable energy annually, with a minimum of 60 per cent generated from solar sources. Power supply is scheduled to commence within 24 months of signing the Power Purchase Agreement (PPA), which will remain in effect for 25 years. The minimum capacity utilisation factor (CUF) is set at 26 per cent for solar and 35 per cent for wind.

CIL has invited interested buyers to submit tariffs either in Indian Rupees or US Dollars, with any foreign currency bids adjusted for hedging costs. Buyers must agree to a take-or-pay arrangement and furnish a revolving Letter of Credit covering three months of tariff payments to ensure payment security.

CIL will be responsible for development aspects such as land acquisition, grid connectivity, and EPC contracts. However, buyers must secure all necessary permissions for power delivery to their facilities and bear any costs associated with transmission, open access, or duties beyond the delivery point.

Interested applicants must submit details including corporate background, prior experience in power procurement, and financial data such as annual turnover and net worth for the past three years. All documents must be submitted via CIL’s e-tender portal by 9 June 2025; offline submissions will not be accepted.

This EOI may lead to a formal tender process, with the final PPA terms prevailing over the EOI conditions. CIL has stressed transparency, ethical conduct, and adherence to Indian law, reserving the right to accept or reject applications without explanation.

Coal India Limited (CIL), a Government of India undertaking headquartered in Kolkata, has issued an Expression of Interest (EOI) for the supply of renewable power from its proposed 4.5 GW renewable energy project. The initiative will comprise 2,500–3,000 MW of solar capacity and 1,500–2,000 MW of wind capacity, with power to be supplied on a long-term basis through the Inter-State Transmission System (ISTS) at a fixed tariff.Outlined in a document dated 19 May 2025, the phased project is expected to deliver up to 11.5 billion units of renewable energy annually, with a minimum of 60 per cent generated from solar sources. Power supply is scheduled to commence within 24 months of signing the Power Purchase Agreement (PPA), which will remain in effect for 25 years. The minimum capacity utilisation factor (CUF) is set at 26 per cent for solar and 35 per cent for wind.CIL has invited interested buyers to submit tariffs either in Indian Rupees or US Dollars, with any foreign currency bids adjusted for hedging costs. Buyers must agree to a take-or-pay arrangement and furnish a revolving Letter of Credit covering three months of tariff payments to ensure payment security.CIL will be responsible for development aspects such as land acquisition, grid connectivity, and EPC contracts. However, buyers must secure all necessary permissions for power delivery to their facilities and bear any costs associated with transmission, open access, or duties beyond the delivery point.Interested applicants must submit details including corporate background, prior experience in power procurement, and financial data such as annual turnover and net worth for the past three years. All documents must be submitted via CIL’s e-tender portal by 9 June 2025; offline submissions will not be accepted.This EOI may lead to a formal tender process, with the final PPA terms prevailing over the EOI conditions. CIL has stressed transparency, ethical conduct, and adherence to Indian law, reserving the right to accept or reject applications without explanation.

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