The Rajasthan Renewable Energy Corporation (RREC) has invited bids to develop 201 MW of grid-connected solar power projects under the renewable energy service company (RESCO) mode.

The projects will be developed to solarize government buildings under a virtual net metering arrangement.

The estimated project cost has been set at ₹35 million (~$367,415)/MW.

The last date to submit bids online is July 14, 2026. Bids will be opened on July 17.

The cost of the tender document is ₹5,900 (~$62), including goods and services tax. The e-procurement processing fee is ₹2,950 (~$31), including GST.

Bidders must submit an earnest money deposit of ₹700,000 (~$7,348)/MW, equivalent to 2% of the estimated project cost.

Successful bidders must submit performance security of ₹1.75 million (~$18,371)/MW, equivalent to 5% of the estimated project cost.

The scope of work includes design, survey, supply, installation, testing, commissioning, operation, and maintenance of the projects for 25 years from the commercial operation date.

The successful bidder will be responsible for arranging land, executing land lease agreements, obtaining approvals and clearances, installing metering systems, and maintaining the projects and associated 11 kV lines for the full term of the agreement.

RREC will identify the lowest bidder for each solar project based on the quoted levelized tariff following negotiations and approval from the state finance department.

The total capacity offered under the tender is 201 MW, spread across multiple solar projects at various 33/11 kV substations.

A single bidder can quote for a cumulative capacity of up to 50 MW.

The projects must be commissioned within nine months of the agreement’s signing.

The power delivery agreement will be valid for 25 years from the commercial operation date, unless extended by mutual agreement. The discovered levelized tariff will be subject to approval from the Finance Department, Government of Rajasthan.

The annual capacity utilization factor must be between 17% and 19%. The successful bidder must provide a minimum generation guarantee.

The modules and cells must comply with the Approved List of Models and Manufacturers Lists I and  II.

Bidders may participate as a sole bidder or as a joint venture with up to two members. In a joint venture, one member must serve as the lead.

For firms, the bidder must have a minimum average annual turnover equivalent to 30% of the total cost of the quoted capacity, calculated at ₹35 million (~$367,415)/MW, over the last three financial years. Bidders must also have a positive net worth as per the latest audited financial statement.

Individual bidders must submit an undertaking certifying a net worth of at least 20% of the total cost of the quoted capacity and another undertaking certifying access to adequate financial tie-up for the quoted capacity.

Mercom had written how, despite the Rajasthan Electricity Regulatory Commission notifying the regulations for virtual and group net metering for renewable energy projects roughly five months ago, the implementation has progressed slowly. Rooftop solar installers say that while the notification has sparked consumers’ interest, distribution companies are yet to issue operational guidelines.

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