Railway Energy Management Company Tenders 54 MW of Wind Projects in Maharashtra
Limited liability partnerships are not eligible for participation in this tender
The Railway Energy Management Company Limited (REMCL) has tendered 54 MW of wind projects to be developed in the state Maharashtra.
The bid-submission deadline is August 6, 2018.
The projects will be developed on build own operate (BOO) basis and the power will be procured by Central Railways for a 25-year period. The upper tariff ceiling for this tender is ₹2.93 (~$0.0427)/kWh.
A single bidder must bid for the entire capacity tendered. The wind projects must be designed for inter-connection with transmission network of central transmission utility (CTU) for interstate transmission and state transmission utility (STU) for intra-state transmission.
This is a global tender but Limited Liability Partnerships (LLPs) are not eligible for participation. During the course of the power purchase agreement, if it is found that the developer has not been able to generate minimum energy in any given year corresponding to the lower limit of the Capacity Utilization Factor (CUF) declared, the developer will pay the compensation provided in the PPA, as payable to Central Railways.
The Central Railways can write off the penalty in case of grid non-availability for evacuation, which is beyond the control of the developer.
In case the availability is more than the maximum CUF specified, the Central railways will procure it at 75 percent of the PPA tariff.
The time-frame for the commissioning of the project has been set at 12 months from the effective date of the PPA. A developer will be allowed a maximum of 27 months to commission the project after encashing performance bank guarantee.
In November 2017, REMCL had tendered a total of 32 MW of grid-connected rooftop solar projects to be developed at offices, buildings, railway stations of zonal railways.
Then in August 2017, the REMCL auctioned 67.38 MW of rooftop solar projects for the Indian Railways.
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Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.