REMC Ltd Has Floated 1.55 GW Solar Project Tender For Many Railway Stations Across India

A joint venture between the Indian Railways and Rail India Technical and Economic Service (RITES), REMC Ltd. has announced a tender for a land-based solar PV power plant on farmers’ or private land close to the traction substation (TSS) at a 25 kV connection (TSS-II). The total capacity of these tenders is 1.548 GW (almost 1.55 GW).

The last date for submitting the bid of this land-based solar tender is September 13, 2022, and bids will be opened on the same day.

The bidder shall submit bid proposal along with non-refundable Document Fees and Earnest Money Deposit (EMD) complete in all respects as per the Bid Information Sheet. Techno-Commercial bids will be opened as per the Bid Information Sheet in the online presence of authorised representatives of bidders who wish to be present online. Bid proposals received without the prescribed Document Fees and Earnest Money Deposit (EMD) will be rejected. In the event of any date indicated being a declared Holiday, the next working day shall become operative for the respective purpose mentioned herein.

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Each interested bidder will have to pay Rs. 29,500/- (including GST) as a document fee or cost of the RFS document. Each bidder will have to pay Rs. 75,000/- per MW +18% GST as a bid processing fee. These amounts will be non-refundable.

The awarded bidder will have to submit Rs. 10,68,000/MW as a Earnest Money Deposit & Rs. 16,02,000/MW as a performance bank guarantee.

The declared annual CUF shall in no case be less than 17%. SPD shall maintain generation to achieve annual CUF within + 10% and -15% of the declared value till the end of 10 years from COD, subject to the annual CUF remaining minimum of 15%, and 34 within +10% and -20% of the declared value of the annual CUF thereafter till the end of the PPA duration of 25 years.

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The following table shows how the 1.548 GW of solar projects is distributed among their packages:

The bidders’ net worth as of the last financial year must be greater than or equivalent to 1.07 crore/MW of the specified capacity. A minimum annual turnover must be Rs. 35.17 lakhs/MW of the quoted capacity during the previous financial year.

Bidders can view/download this REMC Ltd. 1.55 GW solar tender (land-based) documents consisting of notice inviting tender, the invitation to bidders, scope of work, bidding documents, general terms and conditions of contract, erection conditions of contract, annexures, and technical specification here.

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