UPEIDA Issues RFS for Development of EV Public Charging Stations with Battery Swapping System

UPEIDA Invites Bids for Development of Public Charging Stations for EVs with Battery Swapping System

UP Expressways Industrial Development Authority (UPEIDA) invites bids for the development of public charging stations including Battery Swapping System (optional, based on demand survey) for EVs through PPP mode along various Expressways in the State of Uttar Pradesh.

The tender fee to be submitted by the bidder is INR 5,900. The bidder must submit the EMD amount of INR 5,00,000.

The bid remains valid for 120 days and the period of work is for 90 days.

The last date of online submission of bids is November 28, 2023. Technical bids open on November 29, 2023.

EV penetration in India is still in its nascent stage. By 2030, the country is forecasted to be home to 102 million EVs. According to a white paper by Alvarez and Marsal (July 2022), “The global ideal EV/public chargers ratio is also around 620 EVs per public charger, whereas, in India, it currently stands at an estimated 135.

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The New Electric Vehicle Manufacturing & Mobility Policy, Uttar Pradesh (2022) provides attractive fiscal and non-fiscal to attract investments to promote electric mobility in the state, as per which, charging service providers shall be provided with a one-time 20% capital subsidy on eligible fixed capital investment, capped at INR 10 lakh/unit for the first 2,000 charging stations. Swapping service providers shall be provided with a one-time 20% capital subsidy on eligible fixed capital investment, up to Rs. 5 lakh/unit for the first 1,000 swapping stations.