RERC has issued a tender for the engagement of consultants to provide assistance in framing the tariff regulations for renewable sources
The Rajasthan Electricity Regulatory Commission (RERC) has issued a tender, inviting bids from eligible bidders for the engagement of consultants to provide assistance in framing the ‘RERC (Terms and Conditions for Determination of Tariff Regulations for Renewables Sources) Regulations for 2020. And for allied works related to the tariff of renewable energy. The regulations are to be put into effect from April 1, 2020.
The entire assignment must be completed within one year from the date of signing of an agreement, which could be extended by another year.
The primary objective of the project is to assist the commission in reviewing the provisions of the existing renewable tariff regulations considering the developments in the sector during the ongoing control period and analysing the challenges.
The selected firms will also be required to analyse the comments and suggestions received from the stakeholders, and to review of the existing tariff regulations, analysis and study of alternatives for determining the tariff principles based on financial, technical, and operations, and collection of relevant information including cost, interest on loan and capital, and return on equity depreciations.
The scope of work will also include specific assistance on operational and performance parameters and financial norms for arriving at the tariff and studying operation and maintenance (O&M) expenditure.
The last date for bid submission is January 21, 2019, and the techno-commercial bids will be opened on January 22, 2019. The date and time of opening of the price bids will be intimated to the technically cleared bidders later. The estimated cost of the project is Rs 10 lakh, and all bidders must submit an Ernest Money Deposit of Rs 20 thousand along with their bids.
To be eligible for participating in the bidding process, the consultant should have an experience of having assisted any central or state electricity regulatory commission in the framing of renewable energy tariffs, or studies related to the renewable energy sector through at least five assignments in the last ten financial years.
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