The Travancore Cochin Chemicals (TCC) has invited bids to procure 22 MW of hybrid or vanilla renewable power under the group captive mode.

Bids must be submitted by July 8, 2025. Bids will be opened on July 9.

Bidders must submit ₹1,000 (~$12) as a tender fee and ₹500,000 (~$5,763) as an earnest money deposit.

Successful bidders must provide a security deposit of 10% of the annual energy bill value.

The contract period will be 20 years from the delivery date.

The tender was initially floated in May 2024. However, it was canceled and has been reissued.

Power can be supplied from operational, under-construction, or proposed solar, wind, or solar-wind hybrid power projects. This supply can combine solar and wind power purchase agreements (PPAs) to create a hybrid PPA.

If a successful bidder fails to deliver power per the order’s terms, causing TCC to procure power from another source at a higher price, the resulting loss must be compensated per the PPA’s provisions.

Bidders must have installed, commissioned, owned, and operated solar or wind projects in India with a minimum cumulative capacity of 20 MW.

They must have executed PPAs for a minimum cumulative capacity of 20 MW of solar or wind projects in the country, with at least 10 MW capacity commissioned or under implementation.

Bidders must have installed and commissioned or received a letter of award for renewable energy projects in India, with a cumulative capacity of at least 20 MW, as an engineering, procurement, and construction contractor.

Of the 20 MW, 50% must either be in commercial operation or under implementation. Additionally, at least 3 MW must be operational and at a single location.

Bidders must have a positive net worth in one of the two previous financial years. Their net worth must also be 20% of the project’s estimated cost.

Bidders must have a minimum annual turnover from operations of ₹15 million (~$172,901)/MW in the last three financial years.

Last May, TCC invited bids from developers to set up a 22 MW renewable energy project, which would be implemented in a group captive model.

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