PFC Consulting has invited bids to select a transmission service provider to set up an inter-state transmission system (ISTS) at Ananthapur-II Renewable Energy Zone (Phase I) in Andhra Pradesh to evacuate an additional 4.5 GW of renewable energy.

The last day to submit the bids is December 19, 2024. Bids will be opened on the same day.

Bidders must furnish a non-refundable fee of ₹500,000 (~$5,947) towards the document’s cost. They must also remit a bid bond of ₹515 million (~$6.12 million).

Selected bidders must submit ₹1.29 billion (~$15.34 million) as a contract performance guarantee within ten days from the date of issue of the letter of intent.

This project will enable the immediate integration and evacuation of power from approximately 4.5 GW of renewable energy generation projects in the Ananthapur area, with a total identified potential of 20 GW. Currently, connectivity for about 3,500 MW has been approved for Ananthapur-II Power Station, including 2,500 MW at the 220 kV level and 1,000 MW at the 400 kV level.

Bidders should have developed infrastructure projects with a total capital expenditure of at least ₹25.75 billion (~$306.27 million) in the last five years.

The projects must have been completed at least seven days before the bid deadline, and the bidders must have held at least 26% ownership in the company executing the project from financial closure to commissioning.

They can also participate if they have received payments of at least ₹25.75 billion (~$306.27 million) from clients for completed infrastructure construction projects over the past five years.

Bidders must have a net worth of at least ₹10.3 billion (~$122.51 million) in any of the last three financial years. Also, the net worth of any of the previous three financial years should not be negative.

Recently, PFC Consulting issued a tender to select a transmission service provider to establish an ISTS at Kurnool-III PS, Andhra Pradesh, to integrate an additional 4.5 GW of renewable energy.

Earlier, PFC invited bids to evacuate 3 GW of renewable energy from Gujarat.