RITES to Tender for 400 MW Solar Projects on Vacant Railways Land

• RITES Ltd is soon mosting likely to tender for implementation of solar tasks worth 400 MW on the vacant lands owned by the Indian Railways.

RITES Ltd, an engineering working as a consultant business that functions under the aegis of the India Railways is quickly going to tender for implementation of solar projects worth 400 MW on the vacant lands possessed by the Indian Railways.

As per the short notice, the last date for proposal entry under the tender will certainly be September 16, 2020, and also the techno-commercial quotes will certainly be opened on September 17, 2020. A pre-bid meeting has actually been arranged for July 16, 2020, to resolve the problems increased by possible bidders.

All the selected prospective buyers will have a duration of 420 days to finish the deal with solar tasks. Possible bidders are also required to submit an Earnest Money Deposit of Rs 4 lakh per MW of proposal capacity along with their proposals

It is thought that the tender amount may fall under the tender issued in April for establishing of 1 GW of solar PV jobs on vacant railways land.

Drawing from that tender, the range of benefit the selected bidders will certainly consist of (however not be limited to) layout, procurement, installment, supply, testing and appointing of the grid-connected solar energy projects on numerous zonal railways land across India.

The tender records have actually not been made available yet, thorough coverage of the very same will comply with when the tender is released on June 20, 2020.

Previously this month, RITES Ltd, which performs essential projects specifically for the Indian Railways, had announced that its subsidiary Railway Energy Management Company Ltd (REMCL) had secured its biggest mandate from Indian Railways for tendering, installation, guidance and taking care of power supply for three GW solar energy installments. This task is to be split right into 3 stages of one gigawatt (GW) each, with the very first and 3rd stages of 1 GW each on a PPP (public-private partnership) basis under the style, build, fund, operate as well as move model. The 2nd phase of the project (1 GW) will certainly be on the possession design of REMCL, making it qualified for capital aid under the CPSE investment system.

The plant will be set up on trains had land that has already been recognized. The 3 GW project effort, with a deadline for conclusion by 2022-23, will be a shot in the arm for India's flagging solar aspirations, where the 100 GW solar target for 2022 is looking increasingly more distant with each passing month.