Punjab Invites Bids for 100 MW of Solar Projects and Transmission System

The last date to submit the bids is January 18, 2023


The Punjab State Power Corporation (PSPCL)  has invited bids to set up 100 MW solar projects and the associated transmission system in Bathinda.

The last date to submit the bids is January 18, 2023. Bids will be opened on January 23.

Bidders must submit ₹300,000 (~$3,597) as a bid processing fee and an earnest money deposit of ₹100 million (~$1.2 million).

Selected bidders must remit ₹250 million (~$3 million) as a performance bank guarantee.

PSPCL will provide the land to set up the project on lease rent of ₹1 (~$0.012) per acre per annum.

Bidders must have a net worth of at least ₹1 billion (~$12 million) on the last day of the preceding financial year or at least seven days before the bid submission deadline.

The minimum annual turnover of the bidders should be at least ₹500 million (~$6 million) during the last financial year.

Alternatively, they can have internal resource generation capability in the form of profit before depreciation, interest, and taxes should be at least ₹100 million (~$1.2 million) as of the last day of the previous financial year.

Bidders with an approval letter from the lending institutions committing a line of credit for a minimum of ₹125 million (~$1.5 million) toward meeting the working capital requirement of the project will also qualify to submit bids.

The tender aims to support well-established technologies to reduce technological uncertainties and ensure timely power generation from the projects.

The projects’ declared annual capacity utilization factor (CUF) should not be less than 19%. The successful bidder must maintain generation to achieve annual CUF within + 10% and -15% of the declared value until the end of ten years from the commercial operation date, subject to the annual CUF remaining a minimum of 15% and within +10% and – 20% of the declared value of the annual CUF after that until the end of the PPA duration of 25 years.

Only solar modules registered in the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy must be used in the project.

The modules used should be warranted for their output peak watt capacity at not less than 90% at the end of 10 years and 80% at the end of 25 years.

In October, PSPCL floated a tender to procure 1 GW of solar power from interstate transmission system-connected projects.

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