RUMSL Solicits Bids for Allotment of Pumped Hydro Storage Sites in MP

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Rewa Ultra Mega Solar Ltd (RUMSL) has issued an RFP for allotment of pumped hydro storage sites in Madhya Pradesh.

The total cost of the bidding document is INR 295000.

The technical Bid is required to be submitted in online form by July 4, 2023. The financial bid is also to be submitted by the same day.

Time and date for opening of the technical bids is July 7, 2023.

Bidding Parameters

Maximum upto three eligible entities registered under applicable Act of India as specified in III (a) above shall form a consortium for participating in the RFP. Bidder has to submit Consortium Agreement on Non-Judicial Stamp Paper (NJSP) of Madhya Pradesh of value Rs. 1000, if applicable, along with the technical proposal. All consortium firms shall be severally and jointly liable for development of PHS project after site allotment. Consortium firms shall have to form a SPV Company duly registered under relevant Act of India within 60 days from date of site allotment, failing which NRED may cancel the allotment.

The bidder shall have minimum net worth of INR 1,30,00,000 per MW of the indicated capacity of the PHS site during any of the last three years i.e. FY 2019-20, FY 2020-21 and FY 2021- 22. In case of consortium, the net-worth criteria must be met individually or collectively by all the members of the consortium, subject to the lead member demonstrating at least 51% of the net worth required for qualification.

The bidder shall have executed/executing/operated/operating power generation project (conventional or renewable) of capacity equivalent to 25% of the total estimated potential of PHS site under bid or 500 MW whichever is lower, in last 10 years. This technical capacity shall be met individually by the bidder or lead Bidder in case of consortium.

Madhya Pradesh Potential for Pumped Hydro Storage

Madhya Pradesh is said to hold massive potential for Pumped Hydro Storage. The CEA has estimated the storage potential of 11.2 GW in Madhya Pradesh. Scheme for implementation of Pumped Hydro Storage (PHS)
Projects in Madhya Pradesh”. The Scheme for implementation of Pumped Hydro Storage (PHS) Projects in Madhya Pradesh has also been launched.

India’s pumped storage hydro power projects have recently assumed signficance of late. The Ministry of Power had come up with a proposal seeking to provide multiple incentives entailing tax breaks. It had also set sights on facilitating the process of environment clearance by making it easier.