Indian Railways tenders for 1 GW of solar

Developers have until June 30 to lodge bids to develop plots of solar capacity across the national rail network which offer a maximum INR2.71/kWh ($0.036) for the electricity generated under a 25-year contract.

The Railway Energy Management Company joint venture created by Indian Railways and state-owned engineering consultancy Rites Ltd has invited bids for the development of 1 GW of solar generation capacity on the state rail company’s land.

Bidding is open until June 30, there is an electricity tariff ceiling of INR2.71/kWh ($0.0360552) and bidders must lodge an INR1 million ($13,300) bank guarantee.

From: https://www.pv-magazine.com/2020/04/30/indian-railways-tenders-for-1-gw-of-solar/