PSPL releases 100 MW solar power tender

Punjab State Power Corporation Limited (PSPCL) has released an EPC tender on a BOO basis for the development of a 100 MW solar power plant on the premises of the Guru Nanak Dev Thermal Plant in Bathinda, Punjab. The proposed plant will be located near the 66 kV and 132 kV/220 kV substations and 499 acres of land will be provided by the Punjab government for 25 years on lease. Neither any upper tariff cap has been fixed by PSPCL, nor any provision of a payment guarantee has been notified. However, developers are eligible for the MNRE’s incentive to develop solar projects on wasteland and in hilly areas.