Pumped storage project tender: UPRVUNL adopts aggressive screening for storage developers
The latest pumped storage project tender from UPRVUNL highlights a more disciplined and selective procurement philosophy emerging across India’s long-duration storage market. The tender covers development of a minimum 640 MW pumped hydro facility using the Rihand and Obra reservoir system in Uttar Pradesh.
One of the strongest signals inside this pumped storage project tender is the exceptionally large Rs. 79.06 crore EMD requirement without exemptions. The move substantially increases upfront liquidity commitment and narrows participation toward large-cap infrastructure developers capable of carrying long bid-stage exposure.
The pumped storage project tender also demonstrates growing complexity in tariff based competitive bidding evaluation methods. UPRVUNL clarified that provisional online rankings will not be binding and final bidder positioning will depend on detailed evaluation and reverse-auction outcomes.
Another major aspect of this pumped storage project tender structure is the strategic use of existing reservoirs to reduce land and environmental risks while preserving long-duration operational responsibility under the BOO framework.
EnergylineIndia.com observes that hydro storage infrastructure procurement is increasingly shifting toward tighter risk transfer, financial seriousness and lifecycle accountability in India’s evolving storage ecosystem, Energy Storage, PSP Projects, Hydro Infrastructure, Grid Balancing.
The latest pumped storage project tender from UPRVUNL highlights a more disciplined and selective procurement philosophy emerging across India’s long-duration storage market. The tender covers development of a minimum 640 MW pumped hydro facility using the Rihand and Obra reservoir system in Uttar Pradesh.
One of the strongest signals inside this pumped storage project tender is the exceptionally large Rs. 79.06 crore EMD requirement without exemptions. The move substantially increases upfront liquidity commitment and narrows participation toward large-cap infrastructure developers capable of carrying long bid-stage exposure.
The pumped storage project tender also demonstrates growing complexity in tariff based competitive bidding evaluation methods. UPRVUNL clarified that provisional online rankings will not be binding and final bidder positioning will depend on detailed evaluation and reverse-auction outcomes.
Another major aspect of this pumped storage project tender structure is the strategic use of existing reservoirs to reduce land and environmental risks while preserving long-duration operational responsibility under the BOO framework.
EnergylineIndia.com observes that hydro storage infrastructure procurement is increasingly shifting toward tighter risk transfer, financial seriousness and lifecycle accountability in India’s evolving storage ecosystem, Energy Storage, PSP Projects, Hydro Infrastructure, Grid Balancing.
