Torrent Power has issued a Request for Selection (RfS) to procure 200 MW of firm and dispatchable renewable energy (FDRE) with an energy storage system (ESS) and a greenshoe option of 100 MW.

Projects can be located anywhere in India, with power to be injected into the Central Transmission Utility/interstate transmission system (ISTS) network at a delivery point specified in the power purchase agreement (PPA).

Eligible technologies include solar, wind, wind–solar hybrid, or other renewable generation systems with ESS, provided that the ESS is charged solely from renewable energy sources.

Bids must be submitted by August 30, 2025. Bids will be opened on September 1, 2025.

Bidders must submit an earnest money deposit of ₹2 million (~$23,255)/MW, a document fee of ₹25,000 (~$290.70) plus 18% GST, and a processing fee of ₹300,000 (~$3,488.37) plus 18% GST.

Successful bidders must submit a performance bank guarantee of ₹5 million (~$58,139.53)/MW.

The scope of work includes project development, securing land, and connectivity to the delivery point, and supplying power to match the company’s hourly demand profile. The demand fulfilment ratio must be at least 75% monthly for both peak and non-peak hours, with penalties of 1.5 times the PPA tariff for shortfalls.

Bidders must have operational or under-development renewable energy projects of at least 100 MW. They must install GPS-enabled automatic weather stations and comply with cybersecurity directives.

Bidders must have a minimum net worth of ₹20 million (~$232,558.14)/MW, a turnover of ₹7.5 million (~$87,209.30)/MW for FY 2024–25, and internal resource generation of ₹1.5 million (~$17,441.86)/MW.

The tender specifies that only commercially established technologies complying with the Ministry of New and Renewable Energy’s lists of authorized solar modules and wind turbines.

The PPA term will be for 25 years.

Delays up to six months after the scheduled commercial operation date result in encashment of the performance guarantee, while delays beyond that are treated as defaults, with capacity reduction and possible PPA termination.

Recently, Torrent Green Energy won Solar Energy Corporation of India’s auction to set up 600 MW interstate transmission system-connected wind power projects under Tranche XVIII.

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