REMC Limited, a joint venture of the Indian Railways and RITES, has invited bids to set up 1.548 GW of ground-mounted solar power Plants near the traction substations at 25 kV connectivity across India. The projects will be developed on a build, own, and operate basis. The last date to submit the bids is September 13, 2022. Bids will be opened on the same day. Bidders must submit ?1.068 million (~$13,371) per MW per package as an earnest money deposit. The successful bidder will have to furnish ?1.602 million (~$20,057)/MW as a performance bank guarantee.

The power purchase agreements (PPA) will be processed and signed by the respective nodal zonal railway with the successful solar power developer. The responsibility of getting connectivity with the transmission system owned by the Railways traction system, as may be required, will be of the solar developer. The declared annual capacity utilization factor (CUF) should in no case be less than 17%. The developer should maintain generation to achieve annual CUF within + 10% and -15% of the declared value until the end of 10 years from the commissioning date and within +10% and -20% of the declared value of the annual CUF thereafter until the end of 25 years. Any bidder from a country that shares a land border with India will be eligible to bid in this tender. The Railways proposes to promote only commercially established and operational technologies to minimize technology risk and achieve timely commissioning of the projects.