Power sector in Rajasthan is at the cusp of complete revolution. Rajasthan Urja Vilas and IT Services Limited, a state undertaking has rolled out a request for proposal (RFP) seeking an integrated energy portfolio management and power purchase cost optimisation solution.
The project aims to shift the state's power management from spreadsheet-based processes to a data-driven, artificial intelligence-enabled system designed to improve transparency, forecasting accuracy and procurement efficiency.
The bid window will open on Feb. 13, with a pre-bid meeting scheduled for Feb. 23 and submissions due by March 13.
“This will bring us at par with some of the more progressive states in the country in this regard,” said Ajitabh Sharma, Additional Chief Secretary, Energy, Rajasthan
The implementation agency will provide end-to-end demand and renewable energy forecasting from intra-day to long-term horizons with block-level accuracy. The scope includes least-cost portfolio optimisation across conventional generation, renewable energy, bilateral contracts and power exchanges to help reduce deviation settlement mechanism (DSM) charges and overall procurement costs.
The selected party will provide market intelligence and price forecasting, including analysis of market-clearing price trends and volatility, as well as advisory services for bilateral and medium-term power procurement.
Round the clock support
The solution will provide round-the-clock operational support for participation in electricity markets including the Day-Ahead Market (DAM), Real-Time Market (RTM), Term-Ahead Market (TAM) and Green Day-Ahead Market (GDAM), covering bid strategy, submission, approvals and monitoring.
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