REC Power Development and Consultancy (RECPDCL), a fully-owned subsidiary of REC, has floated two tenders to establish an inter-state transmission system (ISTS) to evacuate a cumulative 11 GW of power from Renewable Energy Zones (REZ) in Rajasthan under Phase – IV.

The developer should ensure that all aspects of the project, including equipment, facilities, components, and systems, are designed, constructed, and tested according to the terms outlined in the transmission service agreement.

The scheduled commercial operation date of the project is 24 months from the effective date of the letter of intent.

The last day to submit the bids is December 15, 2023. Bids will be opened on the same day.

The successful bidder must acquire 100% of the equity shares of the power transmission special purpose vehicle, including all associated assets and liabilities. The bid process coordinator will communicate the exact acquisition price twenty days before the deadline.

Tender 1

The tender involves commissioning ISTS to evacuate 5.5 GW of power from REZ Phase – IV, Part- C.

Selected bidders must submit a performance guarantee of ₹775 million (~$9.3 million) within ten days from the date of issue of the letter of intent.

Bidders must have a development Infrastructure project with aggregate capital expenditure of at least ₹15.5 billion (~$186.3 million) in the last five years. The capital expenditure of each project must be at least ₹3.1 billion (~$37.3 million).

For this requirement, the capital expenditure of projects completed and commissioned at least seven days before the bid deadline will be considered.

Bidders must have either executed these projects themselves or held a direct or indirect ownership stake of at least 26% in the company responsible for executing the projects. This ownership should have been maintained from the date of financial closure of the project until its commissioning or completion.

Additionally, they should have received a total payment of at least ₹15.5 billion (~$186.3 million) from clients for construction works. The payment for each project should not be less than ₹3.1 billion (~$37.3 million).

They should have a net worth of at least ₹6.2 billion (~$74.5 million).

Tender 2

The tender involves establishing ISTS to evacuate 5.5 GW of power from REZ Phase – IV, Part- E.

Selected bidders must submit a performance guarantee of ₹700 million (~$8.4 million) within ten days from the issue of the letter of intent.

Bidders must have a development Infrastructure project with aggregate capital expenditure of at least ₹14 billion (~$168.3 million) in the last five years. The capital expenditure of each project must be at least ₹2.8 billion (~$33.6 million).

For this requirement, the capital expenditure of projects completed and commissioned at least seven days before the bid deadline will be considered.

Bidders must have either executed these projects themselves or held a direct or indirect ownership stake of at least 26% in the company responsible for executing the projects. This ownership should have been maintained from the date of financial closure of the project until its commissioning or completion.

Additionally, they should have received a total payment of ₹14 billion (~$168.3 million) from clients for construction works. The payment for each project should not be less than ₹2.8 billion (~$33.6 million).

They should have a net worth of at least ₹5.6 billion (~$67.3 million).

In September, RECPDCL floated a tender to establish an ISTS to evacuate 20 GW of power from REZs in Rajasthan under Phase -III, Part I.

Earlier, RECPDCL invited bids to empanel consultants to undertake project management consultancy services for solar projects (floating solar and ground-mounted) at various locations across India for two years.