Torrent Power Limited (TPL) has floated a Request for Selection (RfS) for the supply of 200 MW firm and dispatchable renewable energy (FDRE) from projects integrated with energy storage systems (ESS). The tender also includes a greenshoe option of up to 100 MW, allowing additional capacity procurement under the same terms.
The procurement will be conducted under a tariff-based competitive bidding process in line with TPL’s commitment to strengthen round-the-clock renewable power availability.
Tender Scope & Technology Eligibility
Under RfS No. TPL/FDRE/01/2025, the projects must deploy one or a combination of the following:
- Solar photovoltaic systems
- Wind power generating systems
- Wind–solar hybrid systems
Any other renewable resource-based generation integrated with ESS
Both under-construction and commissioned projects without a long-term PPA are eligible, provided they are not tied under any other state or central schemes. The projects will be implemented on a Build-Own-Operate (BOO) basis at any location in India.
Contract Tenure & Tariff
TPL will sign a 25-year Power Purchase Agreement (PPA) with successful bidders from the project’s Scheduled Commercial Operation Date (SCOD).
The maximum tariff will remain fixed for the entire PPA duration, discovered through the e-bidding and e-reverse auction process.
Key Dates & Bidding Schedule
- Tender Document Download: Aug 8, 2025 (1700 hrs) – Aug 30, 2025 (1600 hrs)
- Pre-Bid Meeting: Aug 19, 2025, 1100 hrs (Virtual) – registration by Aug 18
- Submission Deadline: Aug 30, 2025, 1700 hrs (Online + Physical documents at TPL Ahmedabad office)
- Technical Bid Opening: Sept 1, 2025, 1000 hrs
- Financial Bid Opening & e-Reverse Auction: Sept 3, 2025, from 1000 hrs onwards
Bid Fees & EMD
- RfS Document Fee: ₹25,000 + 18% GST
- Processing Fee: ₹3,00,000 + 18% GST
- EMD: ₹20 lakh per MW
Payments can be made via DD/Pay Order in favour of Torrent Power Limited (payable at Ahmedabad) or via NEFT/RTGS to Bank of Baroda, Ashram Road branch.
Participation & e-Bidding Process
The bidding will be hosted on www.bharat-electronictender.com. Bidders must be registered on the portal as a “Supply Organization/Bidder” and pay applicable ETS fees before participating in the reverse auction.
Queries related to the RfS must be submitted by 5:00 PM on Aug 14, 2025 in the prescribed format (Annexure 5.11). Only two representatives from each bidder can attend the virtual pre-bid conference.
Additional Incentives & Benefits
Bidders can avail fiscal incentives such as Accelerated Depreciation, concessional duties, tax holidays, and carbon credit trading benefits. These will not influence bid evaluation as all participants are considered on equal terms.
Contact Details for Submission
Naimesh Shah
Vice President, Torrent Power Limited
Naranpura Zonal Office, Sola Road, Ahmedabad – 380013
Email: powerpurchase@torrentpower.com | Tel: 079-27492222-5730
This tender is a significant step by TPL towards integrating large-scale renewable energy with storage to ensure reliability and grid stability, while providing bidders a long-term revenue opportunity in the evolving renewable sector.
| Capacity | Base Capacity: 200 MW firm and dispatchable renewable energy (FDRE) with energy storage system (ESS) +Greenshoe Option: Up to an additional 100 MW |
| Location | Anywhere in India (projects can be set up at any location nationwide, with power supplied to Torrent Power’s distribution areas) |
| Last Date | 30/08/2025 |
