REMC invites bids for 695 MW RTC Power from renewable projects

12 Jan 2024 CW Team

REMC is seeking bids for the procurement of 695 MW of continuous, round-the-clock (RTC) power from grid-connected renewable energy projects. These projects, with or without storage, will operate in conjunction with the existing 500 MW Ircon Renewable Power (IRPL) and 195 MW Rewa Ultra Mega Solar (RUMSL) solar projects.

The proposed RTC power supply will complement the existing power generated by the IRPL and RUMSL solar projects. The selected project developer will be responsible for supplying power during time blocks when the existing projects are not generating power, ensuring fulfillment of annual and time block availability requirements.

Bidders are required to submit separate bids for the two tandem projects. The deadline for bid submissions is February 14, 2024, with bid openings scheduled for February 16.

To participate, bidders must pay a bid processing fee of Rs 1 million (~$12,044) and provide an earnest money deposit of Rs 980,000 (~$11,803) per MW for each program.

Successful bidders are obligated to submit a performance bank guarantee of Rs 2 million (~$24,089) per MW at least seven working days before signing the power purchase agreement (PPA). Additionally, a success charge of Rs 100,000 (~$1204) per MW is required.

The minimum bid capacity is set at 100 MW for the IRPL project and 50 MW for the RUMSL project. The projects are expected to maintain an annual availability of 75% for the initial four years, increasing to 85% for the remaining contract years. Time-block-wise availability necessitates a minimum project availability of 50% throughout the contract tenure.

Developers are responsible for acquiring the land for the projects, and commissioning should take place within 24 months of signing the PPA.

The tariff is anticipated to be mutually agreed upon by all parties involved, with the tariff for each year levelized based on a discounting factor of 7.7%.

Products

10 Jul 2026

Aerolam partners Leminar to expand insulation business in UAE

Aerolam Group has entered into an exclusive distribution agreement with Leminar Global to strengthen the availability of its insulation products across the UAE, marking a key step in the company's expansion across the Gulf Cooperation Council (GCC) region.Under the agreement, Leminar Global, an HVAC and plumbing solutions provider and part of the Al Shirawi Group, will serve as the authorised distributor of Aerolam's insulation portfolio in the UAE. The partnership is aimed at meeting growing demand for energy-efficient building materials as construction activity accelerates across the country..

GRAFF showcases water-focused bathroom and kitchen collections

GRAFF has introduced a range of bathroom and kitchen collections centred on water, design and sustainability, highlighting products that combine user comfort with water-efficient technologies.For bathrooms, the company has showcased its Riva, Ametis and Aqua-Sense shower collections, featuring rain showers, adjustable water streams, intuitive controls and chromatic lighting designed to enhance the bathing experience. The collections are intended to create a spa-like environment while incorporating technologies that optimise water consumption.In the kitchen segment, GRAFF has highlighted its Fu..

PM dedicates HRRL refinery, Barmer township showcases sustainable design

Prime Minister Narendra Modi has dedicated the HPCL Rajasthan Refinery Ltd's (HRRL) Integrated Refinery-cum-Petrochemical Complex at Pachpadra, Balotra, Rajasthan, marking the commissioning of India's first greenfield integrated refinery-cum-petrochemical complex. Developed as a joint venture between Hindustan Petroleum Corporation Ltd (HPCL) and the Government of Rajasthan, the refinery has a capacity of 9 million metric tonnes per annum (MMTPA).Speaking at the inauguration, the Prime Minister said the refinery would strengthen India's energy security while generating long-term employment opp..