PSPCL floats tender for 1000 MW solar power
Kanwar Inder Singh/ royalpatiala.in News/ October 12,2023
The Punjab State Power Corporation Limited (PSPCL) has floated a tender for a 1000 MW solar power of grid-connected solar projects. The selection will be done through E-reverse auction for projects with a capacity of more than 50 MW.
The deadline for bid submissions is October 31,2023, and on the same day, the bids will be opened. On November 2.
Bidders have to pay a non-refundable document fee of Rs 25,000 as well as a tender processing charge of Rs 300,000 plus GST.. Additionally, bidders must submit an earnest money deposit of Rs 400,000/MW of quoted capacity. Selected bidders further have to submit a performance guarantee of Rs 180000 /MW of the proposed capacity.
Successful bidders must build the solar project and the transmission network all the way to the delivery point. The project chosen under this tender can be implemented in any place in India.
Interstate transmission systems (ISTS), PSTCL grid-connected interstate, and grid-connected interstate projects are the only ones that are qualified.
PSPCL will sign a power purchase agreement (PPA) with selected bidders for a period of 25 years beginning with the project’s anticipated commercial operating date.
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