REMC Limited, formerly known as Railway Energy Management Company Limited, a joint venture between Indian Railways and RITES Limited, has issued a Notice Inviting Tender (NIT) for the selection of project developers to supply 750 MW of round-the-clock (RTC) power from grid-connected renewable energy (RE) power projects, with or without storage.
Key details from the NIT:
Bid Submission Deadline: Bids must be submitted online by 2:00 PM on October 30, 2023, or offline by 2:00 PM on November 2, 2023.
Bid Opening: Bids will be opened at 2:30 PM on November 2, 2023.
Bid Document Fees: Prior to submission, bidders are required to pay a non-refundable Bid Document Fee of Rs 29,500 and a Bid Processing Fee of Rs 10 lakh plus 18% GST. These fees can be deposited through NEFT/RTGS transfer or in the form of a DD/Pay Order in favor of “REMC Ltd.”
Application Submission: Bidders are instructed to submit their Request for Selection (RFS) application through the e-Tender Portal before the bid due date. Original documents, as per the NIT guidelines, should be submitted in hard copy to the office of REMC Ltd. in New Delhi.
The NIT aims to source a significant amount of renewable energy to meet India’s growing power demands and reduce carbon emissions, aligning with the nation’s commitment to sustainable energy sources. Interested developers are encouraged to refer to the provided links for detailed bid documents and further instructions.