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Opportunity for renewable energy developers in India

Indian Railways through its subsidiary Railway Energy Management Company (REMC) Ltd is looking for project developers for supply of 750 MW of power on 24/365 (24/7) basis from renewable energy projects connected to the grid. This represents a significant opportunity for suppliers in the renewable energy sector in India.

Bids for this project will follow a two-stage system in a single package that allows developers to showcase their capabilities to provide uninterrupted energy from renewable sources. Power can be supplied with or without storage, providing flexibility in project design.

To participate in the bidding process, interested parties must submit their bids online by October 30, 2023. Offline submissions will also be accepted until November 2, 2023. Bids will be opened on November 2, 2023 for submission.

Before submitting their bids, bidders are required to pay a tender document fee of INR 29,500. Additionally, there is a tender processing fee of INR 10 Lakh + 18% GST.

One of the most important requirements for bidders is that each bid must have a minimum capacity of 100 MW. This ensures that the selected projects have a significant electricity production capacity.

In addition, projects are expected to have 75% annual availability for the first four years, increasing to 85% for the remaining contract years. This emphasizes the importance of reliability and consistent power generation in the evaluation process.

In a recent development, Railway Energy Management Company Ltd announced the establishment of National Energy Management Center (NEMC) at its workplace. This center will play a vital role in overseeing energy management and power procurement for the railways across India.

Overall, this invitation to bid represents a significant opportunity for renewable energy project developers to contribute to India’s sustainable energy goals. The selected projects will not only supply power to the Indian railways, but will also help reduce the country’s carbon footprint.

## Frequently Asked Questions (FAQ)

1. What is the deadline for making offers?
The deadline for submitting online bids is 30 October 2023, while offline bids must be submitted no later than 2 November 2023.

2. What is the minimum capacity required per offer?
Each offer must have a minimum capacity of 100 MW.

3. How will the projects be evaluated?
Projects will be evaluated based on their ability to deliver 750 MW of power 24 hours a day, 365 days a year, from grid-connected renewable energy sources, with or without storage. The evaluation will also consider the reliability of the projects, with an annual availability requirement of 75% for the first four years and 85% for the rest of the contract years.

4. What fees are charged to participate in the bidding process?
Bidders are required to pay a tender document fee of INR 29,500 and tender processing fee of INR 10 Lakh + 18% GST.

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