TCC seeks bids from developers for a 22 MW renewable energy project
POWER & RENEWABLE ENERGY

TCC seeks bids from developers for a 22 MW renewable energy project

Travancore Cochin Chemicals (TCC) is seeking bids from developers for a 22 MW renewable energy project to be implemented under a group captive model. The deadline for bid submissions is June 19, 2024.

Interested bidders are required to pay a tender fee of Rs 1,000 and an earnest money deposit (EMD) of Rs 500,000. The successful bidder will need to furnish a security deposit equivalent to 10% of the annual energy bill value to ensure contract performance, with the EMD being adjusted against this deposit.

The contract duration will span 20 years from the delivery date. Power can be sourced from operational, under-construction, or proposed solar, wind, or solar-wind hybrid power plants, including virtual hybrid power purchase agreements (PPAs).

Bidders must demonstrate ownership, installation, and commissioning of at least 50 MW of solar or wind projects in India by December 31, 2023, with at least one project having a minimum capacity of 20 MW. Submission of a list of commissioned projects, commissioning certificates, and other relevant details is mandatory.

Financial prerequisites include a positive net worth in the preceding financial year, as well as a minimum annual turnover of Rs 500 million from operations over the last three financial years.

In the event of non-compliance with order terms leading to procurement from an alternative source at a higher cost, the defaulting contractor is liable to compensate for resultant losses as stipulated in the PPA.

It is important to note that the Government of Kerala assumes no involvement, liabilities, obligations, or rights regarding this purchase order.

Previously, TCC had solicited bids from consultants to explore strategies for optimising power costs and conducting a feasibility study for green power project models.

(Source: Mercom)

Travancore Cochin Chemicals (TCC) is seeking bids from developers for a 22 MW renewable energy project to be implemented under a group captive model. The deadline for bid submissions is June 19, 2024. Interested bidders are required to pay a tender fee of Rs 1,000 and an earnest money deposit (EMD) of Rs 500,000. The successful bidder will need to furnish a security deposit equivalent to 10% of the annual energy bill value to ensure contract performance, with the EMD being adjusted against this deposit. The contract duration will span 20 years from the delivery date. Power can be sourced from operational, under-construction, or proposed solar, wind, or solar-wind hybrid power plants, including virtual hybrid power purchase agreements (PPAs). Bidders must demonstrate ownership, installation, and commissioning of at least 50 MW of solar or wind projects in India by December 31, 2023, with at least one project having a minimum capacity of 20 MW. Submission of a list of commissioned projects, commissioning certificates, and other relevant details is mandatory. Financial prerequisites include a positive net worth in the preceding financial year, as well as a minimum annual turnover of Rs 500 million from operations over the last three financial years. In the event of non-compliance with order terms leading to procurement from an alternative source at a higher cost, the defaulting contractor is liable to compensate for resultant losses as stipulated in the PPA. It is important to note that the Government of Kerala assumes no involvement, liabilities, obligations, or rights regarding this purchase order. Previously, TCC had solicited bids from consultants to explore strategies for optimising power costs and conducting a feasibility study for green power project models. (Source: Mercom)

Next Story
Equipment

Maharashtra Unveils Rs 113.73 Bn EV Push with Subsidies, Toll Waivers

In a significant move to accelerate clean mobility, the Maharashtra government has approved the Electric Vehicle (EV) Policy 2025, introducing a Rs 113.73 billion package over the next five years to boost EV adoption, manufacturing, and infrastructure. The policy will remain in effect until March 31, 2030, replacing the earlier 2021 policy that expired in March 2025.The new policy provides direct purchase subsidies across all vehicle segments—two-, three-, and four-wheelers, electric buses, commercial vehicles, agricultural EVs, and transport fleets. Electric two-, three-, and non-transport ..

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?