The Railway Energy Management Company Limited has tendered 54 MW of wind power projects to be developed in Maharashtra. The projects will be developed on BOO basis and the power will be procured by the Central Railways for a 25-year period. The upper tariff ceiling for this tender has been fixed at Rs 2.93 per kWh. This is a global tender in which LLPs are not allowed to participate.
As per tender guidelines, a single bidder is eligible to bid for the entire capacity tendered. The wind projects must be designed for inter-connection with transmission network of the CTU for interstate transmission and state transmission utility (STU) for intra-state transmission.
For generation below the specified levels, the developer will pay the compensation provided in the PPA to Central Railways. However, the Central Railways can write off the penalty in case of grid non-availability for evacuation, which is beyond the control of the developer. In case the availability is more than the maximum CUF specified, the Central railways will procure the excess generation at 75 per cent of the PPA tariff.
The time-frame for the commissioning of the project has been set at 12 months from the effective date of the PPA and the developer will be allowed a maximum time period of 27 months to commission the project after encashing performance bank guarantee. The bid-submission deadline is August 6, 2018.