REC Power Development and Consultancy (RECPDCL), a fully-owned subsidiary of REC, has issued two tenders for the establishment of an Inter-State Transmission System (ISTS) aimed at evacuating a total of 11,000 lakh units of power from Renewable Energy Zones (REZ) in Rajasthan as part of Phase – IV.
The successful bidders are required to adhere to the specifications outlined in the transmission service agreement, ensuring the design, construction, and testing of all project aspects, including equipment, facilities, components, and systems. The scheduled commercial operation date for these projects is set at 24 months from the effective date of the Letter of Intent.
Tender 1 focuses on commissioning ISTS to evacuate 5500 lakh units of power from REZ Phase – IV, Part- C. Interested parties must submit a performance guarantee of ₹77.5 lakh within ten days of receiving the Letter of Intent. To qualify, bidders are expected to demonstrate a track record of infrastructure projects with a total capital expenditure of at least ₹1550 lakh over the past five years, with individual project expenditures of at least ₹310 lakh. They should have been directly or indirectly involved in the projects’ execution and held a minimum 26% ownership stake from financial closure to commissioning, in addition to receiving payments of at least ₹1550 lakh for construction work. A net worth of ₹620 lakh is also a prerequisite.
Tender 2 entails the establishment of ISTS for the evacuation of 5500 lakh units of power from REZ Phase – IV, Part- E, and follows similar criteria with a performance guarantee of ₹70 lakh and slightly adjusted financial requirements.
These tenders come on the heels of RECPDCL’s previous tender for 2000 lakh units of power evacuation from REZs in Rajasthan as part of Phase -III, Part I.
The bids for these two tenders are set to close on December 15, 2023.