Rajasthan Urja Vikas and IT Services (RUVITL) has invited bids to select an implementation agency to design, supply, develop, implement, and support an integrated energy portfolio management and power purchase cost optimization solution for the state power sector.

The tender will be executed under a two-part Quality and Cost Based Selection (QCBS) process with a technical weightage of 75% and a financial weightage of 25%.

The estimated cost of the project is ₹354 million (~$3.91 million).

Bids must be submitted by March 13, 2026. Bids will be opened on March 16.

Bidders must furnish a tender fee of ₹25,000 (~$276) plus 18% GST and an earnest money deposit of ₹7.08 million (~$781,000), equivalent to 2% of the estimated project cost.

The successful bidder must submit a performance security of 10% of the total contract price.

The scope of work includes end-to-end delivery of a web-based integrated solution encompassing demand forecasting, renewable energy generation forecasting for solar and wind, scheduling, dispatch planning, energy accounting, analysis of the deviation settlement mechanism, and round-the-clock operational support.

The project must be implemented within six months of the award date, followed by a 36-month facilities management, operations, and maintenance period after implementation.

The solution must support real-time participation in electricity markets, including the day-ahead, term-ahead, and real-time markets.

Bidders must have completed at least one similar project as a lead bidder in power demand forecasting, renewable energy forecasting, or energy portfolio management in the last seven years, starting from the financial year 2018–19.

Ongoing projects are also eligible if they have completed at least one year of operation. They must have completed either one project valued at above ₹120 million (~$1.32 million), or two projects valued at above ₹60 million (~$662,000) each, or three projects valued at above ₹40 million (~$441,000) each.

Bidders must have a minimum average annual turnover of ₹300 million (~$3.31 million) from consulting or IT business in India for the best three of the last five financial years.

Liquidated damages for delay in implementation have been set at 0.5% of the total contract value per week or part thereof, capped at 10%, with additional monthly penalties applicable for service-level non-performance.

Performance-linked liquidated damages can go up to 10% of the contract price based on delay and operational defaults.

In 2024, RUVITL invited bids from developers to set up 8,000 MW solar power projects in the state.