Decarbonisation Programme - Project CoPPA
Published
Description
The procurement falls outside the scope of application of the regulations Explanation: This notice relates to a permitted modification to revise the price of a corporate power purchase agreement (the cPPA) originally awarded on 28 July 2022, following a competitive award process using the negotiated procedure in accordance with the Utilities Contracts Regulations 2016 (UCR). The cPPA is a national contract for the supply to NR of a target P50 volume of 63.8GWh per annum of renewable electricity for 15 years. The renewable electricity will be generated by a solar PV facility to be constructed, operated and maintained by the supplier. The solar PV facility will have a target installed capacity of 60 MWp ± 10%, with the supplier guaranteeing a minimum technical availability of 93%. The renewable electricity to be supplied to NR under the cPPA will be supplied on an "as available" basis using a sleeving arrangement with a third party licensed electricity supplier and the relevant volumes supplied will be utilised by NR's non-traction business (e.g. managed stations, offices and depots). Please note that certain of the core supplier requirements referred to above differ from those listed in the contract award notice published on 19 August 2022 as the core supplier requirements stated herein represent the final core supplier requirements in the executed cPPA entered into between NR and the supplier on 28 July 2022. The cPPA was made conditional on the supplier achieving a final investment decision (FID) by 31 March 2023 (FID Milestone Delivery Date). Following a series of successive, substantial and unforeseen rises in the European Central Bank (ECB) interest rates for Main Refinancing Operations (fixed rate tenders) over the period from 30 November 2021 to 12 May 2022, the underlying financial model supporting the original cPPA pricing could no longer produce a return on investment for the supplier to reach FID. Accordingly, the supplier has proposed, and NR has agreed to make, a revision to the total price of the cPPA that results in an increase of under 50%, from £53.32 million to £79.80 million. The price increase involves the ECB interest rates increasing from 0% in November 2021 to 3.75% in May 2023.. There will also be a new FID Milestone Delivery Date of 30 September 2023 in the revised cPPA. NR is revising the cPPA through a variation agreement. The revision of the cPPA by NR is a permitted modification under the UCR. It is permitted by the exemption in Regulation 88(1)(c). For completeness, and to maximise transparency, NR will also publish a modification notice under Regulation 88(2) in due course after the variation agreement is entered into. Lot 1: Decarbonisation Programme - Project CoPPA This notice relates to a permitted modification to revise the price of a corporate power purchase agreement (the cPPA) originally awarded on 28 July 2022, following a competitive award process using the negotiated procedure in accordance with the Utilities Contracts Regulations 2016 (UCR). The cPPA is a national contract for the supply to NR of a target P50 volume of 63.8GWh per annum of renewable electricity for 15 years. The renewable electricity will be generated by a solar PV facility to be constructed, operated and maintained by the supplier. The solar PV facility will have a target installed capacity of 60 MWp ± 10%, with the supplier guaranteeing a minimum technical availability of 93%. The renewable electricity to be supplied to NR under the cPPA will be supplied on an "as available" basis using a sleeving arrangement with a third party licensed electricity supplier and the relevant volumes supplied will be utilised by NR's non-traction business (e.g. managed stations, offices and depots).
Timeline
Award date
2 years ago
Publish date
11 months ago
Buyer information
Network Rail
- Email:
- procrement@networkrail.co.uk
Explore contracts and tenders relating to Network Rail
Go to buyer profileNotice topics
Source
"Find-a-Tender"To save this opportunity, sign up to Stotles for free.
Save in appTender tracking
Access a feed of government opportunities tailored to you, in one view. Receive email alerts and integrate with your CRM to stay up-to-date.
Proactive prospecting
Get ahead of competitors by reaching out to key decision-makers within buying organisations directly.
360° account briefings
Create in-depth briefings on buyer organisations based on their historical & upcoming procurement activity.
Collaboration tools
Streamline sales workflows with team collaboration and communication features, and integrate with your favourite sales tools.
Explore similar tenders and contracts
Browse open tenders, recent contract awards and upcoming contract expiries that match similar CPV codes.
- Awarded
The Supply of Electricity and Gas to Leeds City Council, including Brokerage Services
Leeds City Council300,000,000 GBPPublished 6 days ago
- Awarded
Provision of Electricity Supply and New Sub Station for Hinkley Hospital
NHS Property Services Ltd326,528.77 GBPPublished 8 days ago
- Awarded
Supply of Electricity including Brokerage Services
Leeds City Council130,000,000 GBPPublished 11 days ago
- Awarded
The Provision of Hard and Soft Facilities Management Services for National Records of Scotland
National Records of Scotland3,300,000 GBPPublished 13 days ago
- Awarded
Framework Agreement for the Procurement and Supply of Mains Gas and Electricity
ULT Trading Company Ltd1,400,000,000 GBPPublished 19 days ago
- Awarded
National Framework for Decarbonisation Solutions - Health Sector
Great Ormond Street Hospital for Children NHS Foundation Trust1,560,000,000 GBPPublished 19 days ago
Explore other contracts published by Network Rail
Explore more open tenders, recent contract awards and upcoming contract expiries published by Network Rail.
- Awarded
Contract Award Notice - NWC/23-24/201 #36957 - NW&C Earthworks Examinations
Network RailPublished 19 days ago
- Awarded
Network Rail North West & Central Region CP7 Frameworks: Framework Category A
Network RailPublished 2 months ago
- Awarded
Contract Award Notice - NWC/22-23/375 #34121 - Mobile Infrastructure Pumps
Network RailPublished 2 months ago
- Awarded
Tender support for cloud-based application development and support
Network Rail547,905 GBPPublished 3 months ago
Explore more suppliers to Network Rail
Sign upExplore top buyers for public sector contracts
Discover open tenders, contract awards and upcoming contract expiries of thousands of public sector buyers below. Gain insights into their procurement activity, historical purchasing trends and more.
- Midlands and Lancashire Commissioning Support Unit
- Centre for Environment, Fisheries and Aquaculture Science
- Accent Housing Ltd
- National Treasury Management Agency (NTMA)
- Scottish Borders Housing Association
- Dover Harbour Board
- NHS Professionals Ltd
- Homes for Life Housing Partnership
- Ministry of Defence, Ships, Salvage and Marine Operations (S&MO)
- Genesis Housing Association Limited
- Groby Parish Council
- Keston Primary School
Explore top sources for public sector contracts
Stotles aggregates public sector contract data from every major procurement data source. We ingest this data and surface the most relevant insights for our users. Explore our list of public sector procurement data sources below.