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

20 May 2024 CW Team

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)

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..