REMC a collaboration of Indian Railways and RITES (Rail India Technical and Economic Service) has invited bids to procure 750 MW of grid-connected renewable solar projects, with or without storage across India for 25 years. The last day for submission of Bids is October 30, 2023. The Bids will be opened on November 2. Bidders must submit an Earnest Money Deposit (EMD) of  USD 11,773/MW of the quoted capacity.

The bidder should also furnish a Performance bank guarantee of USD 24,028/MW of the allotted capacity at least seven working days before PPA (Power Purchase Agreement). The bidders should also pay a success charge of USD 1201/MW with GST to REMCL. 

The minimum capacity of each bid is 100 MW. The project’s annual availability for the initial four years is 75% which increases to 85% for the remaining contract years. Time block-wise if there is a power supply shortfall, developers will be liable to pay 200% of the applicable tariff for the contract year.REMC has mandated the use of solar modules. Earlier last year REMCL invited bids to procure 1 GW of RTC power from grid-connected renewable power projects without storage across India for 25 years.

Know more about India's solar farms in India

About REMC

REMC Limited is a joint venture (JV) company of the Ministry of Railways & RITES Limited with equity participation in the ratio of Indian Railways (49%) and RITES Limited (51%). The company has been formed to tap the business potential in the energy sector including green energy, power trading etc. The main objective of REMC is to explore the business opportunities for Clean Energy in the field of wind-solar for Indian Railways.

Discover more such projects with ease.

Are you looking for a platform that gives you reliable, high-quality, and timely project insights for Solar Power Plant Projects in India?

Discover the Global Project Tracking (GPT) platform by Blackridge Research, designed to provide you with the most recent India Solar Power Projects and Tenders better and faster across various stages of development:

• Upcoming projects
• Tender Notices
• Contract award announcements
• Projects in progress or under construction
• Successfully completed projects.

The user-friendly interface helps you obtain early-stage awareness of projects and find the right business opportunity quickly.

With its user-friendly interface, this platform empowers you to gain early-stage awareness of projects and swiftly identify the right business opportunities.

Each project will have all the essential details, such as scope, capacity, CapEx, status, project description, companies involved, funding information, location, periodic updates, important event dates like construction start date, commissioning dates, and key contact information of project owners and stakeholders.

The database is a vital resource for a wide range of entities, including developers, EPC Companies, project owners, solar PV module suppliers, BOM, Operation and Maintenance (O&M) companies, data analytics and software providers, consulting and advisory firms, power utilities, investors and financial institutions lending to projects as well as refinancing existing projects, research and development organizations, companies looking for acquisition of solar power plants, government and regulatory bodies, and law firms.

Book a Free demo to learn more about the India solar power plant projects database and how we can help you achieve your goals.