REMCL floats tender for setting up 1 GW of solar power projects

Railway Energy Management Company Limited, a subsidiary of Rites Limited, has issued a tender for setting up 1 GW of solar power projects along railway tracks across India. The scope of work for the project will include the design, construction, financing, operation, long-term maintenance and transfer of solar assets. The electricity will be procured under a long-term PPA at a fixed tariff rate. Selected developers will have 420 days to complete the work on the project. The project should be Make in India compliant and the domestic content requirement for the solar panel will be met as per the guidelines issued by the Ministry of Commerce. The last date for the submission of responses to the request for qualification and the request for proposal is September 2, 2020.

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