Railways Seek Bids for 500 MW RTC Renewable Power
POWER & RENEWABLE ENERGY

Railways Seek Bids for 500 MW RTC Renewable Power

Railway Energy Management Company (REMCL) has announced bids to select developers for supplying 500 MW round-the-clock (RTC) power from grid-connected renewable energy projects, with or without storage, for Indian Railways.

The bidding deadline is February 25, 2025, and submissions will be opened on February 27, 2025. Developers must quote a minimum of 100 MW for the projects, to be built on a build-own-operate basis.

Cost Details Earnest Deposit: Rs 980,000 (~Rs 11.4 lakh)/MW Performance Guarantee: Rs 2 million (~Rs 23.2 lakh)/MW Bid Document Fee: Rs 29,500 (~Rs 34,200) Bid Processing Fee: Rs 1 million (~Rs 11.6 lakh) + 18% GST Success Charges: Rs 100,000 (~Rs 1.16 lakh)/MW + 18% GST

Project Specifications The project scope includes setting up renewable energy facilities, securing required land, and establishing a dedicated transmission network. Developers must use type-certified wind turbine models and solar modules from approved manufacturers.

Projects must be commissioned within 24 months of award, ensuring a minimum annual power availability of 75% for the first three years and 85% thereafter. Non-compliance will result in damages at 200% of the tariff for shortfall energy.

Financial & Technical Criteria Turnover Requirement: ?48 million (~?5.6 crore)/MW in the last financial year. Excess energy may be sold to third parties or power exchanges, offering flexibility in operations. Background REMCL, a joint venture of the Ministry of Railways (49%) and RITES (51%), has been proactive in renewable energy initiatives. Recently, it also invited bids for feasibility studies and detailed project reports for solar projects across multiple states.

This bid is a step toward sustainable energy integration in India’s railway operations, underscoring its commitment to renewable energy advancements.

Railway Energy Management Company (REMCL) has announced bids to select developers for supplying 500 MW round-the-clock (RTC) power from grid-connected renewable energy projects, with or without storage, for Indian Railways. The bidding deadline is February 25, 2025, and submissions will be opened on February 27, 2025. Developers must quote a minimum of 100 MW for the projects, to be built on a build-own-operate basis. Cost Details Earnest Deposit: Rs 980,000 (~Rs 11.4 lakh)/MW Performance Guarantee: Rs 2 million (~Rs 23.2 lakh)/MW Bid Document Fee: Rs 29,500 (~Rs 34,200) Bid Processing Fee: Rs 1 million (~Rs 11.6 lakh) + 18% GST Success Charges: Rs 100,000 (~Rs 1.16 lakh)/MW + 18% GST Project Specifications The project scope includes setting up renewable energy facilities, securing required land, and establishing a dedicated transmission network. Developers must use type-certified wind turbine models and solar modules from approved manufacturers. Projects must be commissioned within 24 months of award, ensuring a minimum annual power availability of 75% for the first three years and 85% thereafter. Non-compliance will result in damages at 200% of the tariff for shortfall energy. Financial & Technical Criteria Turnover Requirement: ?48 million (~?5.6 crore)/MW in the last financial year. Excess energy may be sold to third parties or power exchanges, offering flexibility in operations. Background REMCL, a joint venture of the Ministry of Railways (49%) and RITES (51%), has been proactive in renewable energy initiatives. Recently, it also invited bids for feasibility studies and detailed project reports for solar projects across multiple states. This bid is a step toward sustainable energy integration in India’s railway operations, underscoring its commitment to renewable energy advancements.

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