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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement