REC Power Development and Consultancy Limited (RECPDCL) has floated two tenders to establish transmission systems for renewable power evacuation in the Rajgarh district of Madhya Pradesh and Gadag district of Karnataka.
The first tender is to develop a transmission system to evacuate 2,500 MW of power from renewable energy projects in Rajgarh, Madhya Pradesh.
The project must be completed within 18 months from the effective date.
The last date to submit the bids is November 11, 2021, and bids will be opened on the same day. The pre-bid meeting will be held on October 06.
The scope of work includes the establishment, operation, and maintenance of the project on build, own, and operate basis and completion of all the activities for the project, including survey, detailed project report formulation, arranging finance, project management, clearances, design, engineering, construction, erection, and commissioning.
Within ten days from the date of issue of the letter of intent, the selected bidder will have to furnish the contract performance guarantee for an aggregate amount of ₹151.5 million (~$2.06 million).
To participate in the bidding process, the bidder should have experience developing projects in the last five years with an aggregate expenditure of at least ₹5.05 billion (~$68.59 million). However, the capital expenditure of each project should not be less than ₹1.01 billion (~$13.72 million).
Regarding the financial criteria, the net worth of the bidder should not be less than ₹2.525 billion (~$34.29 million) in any of the last three financial years. The aggregate equity shareholding of the selected bidder in the issued and paid-up equity share capital of Rajgarh Transmission Limited should not be less than 51% up to one year after the project’s commercial operation date.
The transmission system at Rajgarh (2,500 MW) will be implemented under Phase-I. Under Phase-II, infrastructure to evacuate 1,500 MW solar and 1,000 MW of other renewable energy will be tendered.
Solar Energy Zone at Gadag, Karnataka
Through the second tender, RECPDCL has invited bids to develop a transmission system for the solar energy zone (1,000 MW) in Gadag, Karnataka.
The objective of the bidding process is to select a successful bidder who will acquire 100% of the equity shares of Gadag Transmission Limited along with all its related assets and liabilities.
The bidder should have experience developing projects in the last five years with aggregate capital expenditure of not less than ₹5 billion (~$67.92 million). However, the capital expenditure of each project should not be less than ₹650 million (~$8.83 million).
The bidder’s net worth should not be less than ₹2.5 billion (~$33.96 million) in any of the last three financial years.
Within ten days from the date of issue of the letter of intent, the selected bidder will have to furnish the contract performance guarantee for an aggregate amount of ₹97.5 million (~$1.32 million).
The bid submission deadline for this tender remains the same as mentioned above for the first tender.
The transmission system at Gadag (1,000 MW) will be implemented under Phase-I. Under Phase-II, infrastructure to evacuate 1,500 MW solar and will be tendered.
Last December, REC Limited invited bids to establish transmission systems to evacuate power from solar energy zones (SEZs) in Rajasthan. The invitation was extended to transmission service providers under phase II for part-A, B, and C of the transmission infrastructure program to evacuate 8.1 GW of power from the SEZs.
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Rakesh is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.