RECPDCL issues bid invitation for 200MW green projects procurement

14 May 2024 CW Team

REC Power Development and Consultancy (RECPDCL) has issued an invitation for bids to procure 200 MW of operational solar, wind, or wind-solar hybrid power projects, excluding storage. The deadline for bid submissions is May 27, 2024, with bid openings scheduled for the following day. The projects must have a remaining useful life of at least 15 years from the bid submission deadline. Each bidder can submit bids for up to two projects, with RECPDCL aiming to acquire 100% shareholding in each project. The power purchase agreement or power sale agreement must encompass the entire project capacity and involve either a central government agency, state power distribution companies (DISCOMs), or recognised renewable energy implementing agencies such as SECI, NTPC, NHPC, or SJVN. The project should have generated a turnover of $8.38 million in the last financial year and maintained continuous operation for the past 18 months, with a minimum machine availability of 95%. Additionally, the project should offer a single point of injection into the grid and have connectivity with DISCOM, state, or central substations. The parties responsible for operating and maintaining the project must continue to do so under the existing terms and conditions. Long-term debt instruments associated with the project must possess an external credit rating of BBB+ or higher from CARE, ICRA, India Ratings, or CRISIL. Three projects will be shortlisted based on the highest return on capital employed, and shortlisted parties must provide an earnest money deposit of $598/MW. Acquired projects are required to be fully guaranteed against manufacturing defects, poor workmanship, or inferior quality for 12 months from the acquisition date, with the successful bidder responsible for arranging repair or replacement at no cost during this period. Additionally, RECPDCL recently issued a tender for the establishment of 223 MW inter-state transmission system-connected solar power projects, and in December 2023, floated a tender for 250 MW ISTS-connected solar power projects, with an additional greenshoe option of 250 MW. (Source: Mercom)

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..