The Tripura Renewable Energy Department Agency (TREDA) has invited bids for a pre-feasibility report for a pumped hydro storage project in the state.

Bids must be submitted by January 30, 2025. Bids will be opened on the same day.

Bidders must furnish an earnest money deposit of ₹165,200 (~$1,911) and a non-refundable tender fee of ₹1,500 (~$17.36).

Selected bidders must survey and prepare feasibility studies, alternative study reports, and detailed pre-feasibility reports for the project. They must complete these tasks within 90 days of the agreement’s execution.

Key submission deadlines include a site visit and inception report within 30 days, an alternative study report within 60 days, a draft pre-feasibility report within 70 days, and the final report within 90 days.

Successful bidders must provide a performance bank guarantee of 5% of the total contract value, valid for four months, and a 60-day claim period.

The project’s estimated cost is ₹6.608 million (~$76,478).

The project is expected to be in Santipur or Thalikapur in Sakhan, North Tripura district. The final location will be confirmed upon receiving the letter of award.

Bidders must have completed or been engaged in at least three project management units/agencies/consultancy services in pumped storage or renewable energy projects with a cumulative value of ₹15 million (~$174,840) over the last five financial years.

Bidders must have a positive net worth and a minimum average annual turnover of ₹3.3 million (~$38,517) for any four of the last five financial years.

The Tripura government aims to generate 500 MW of renewable energy by 2030 to meet future energy requirements. TREDA has targeted the installation of ground-mounted grid-connected solar, rooftop, and floating solar projects, mini-grid and micro-grid solar and pumped hydro storage projects to achieve 500 MW goal by 2030.

In January 2024, the Ministry of New and Renewable Energy received the President of India’s approval to implement a new solar power program with an outlay of ₹5.15 billion (~$61.9 million) for Particularly Vulnerable Tribal Groups habitations and villages under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan. The program will be implemented in Tripura, and 18 other states.

In February 2022, TREDA issued an engineering, procurement, and construction tender to develop 1 MW of grid-connected rooftop solar projects under the renewable energy service company model at various government buildings in the state.