PEDA floats a tender for 18 MW of grid-connected solar capacity

The Punjab Energy Development Agency (PEDA) has floated a tender for 18 MW of grid-connected solar power projects at four locations of the Bhakra Beas Management Board (BBMB) on the build, own, and operate basis. According to the terms and conditions of the power purchase agreement (PPA), the winning bidder will be responsible for supplying power to the BBMB. The solar projects must be completed in 13 months from the date of the PPA’s signing. The bid submission deadline is December 30, 2021.

As per the tender guidelines, the winning bidder must build a solar installation on BBMB’s property. The developer will be required to sign a 27-year lease deal with the BBMB, which includes a 25-year lease, a 13-month installation period, and six months of land vacation. The solar developer would be given land by BBMB for a rent of Rs 100 per acre each year. The bidder must have installed and commissioned at least one grid-connected project with a capacity of 5 MW or greater that has been in operation for at least one year prior to the bid deadline.

In October 2021, PEDA floated a tender for 220 MW of grid-connected solar power projects of 1 MW, 1.5 MW, or 2 MW capacity. The projects would be installed under Component-A of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan program. Under Component A of the program, the target is to build 10 GW of decentralised ground-mounted grid-connected solar plants, each having a capacity of up to 2 MW. Interested farmers, groups of farmers, panchayats, cooperatives, farmer producer organisations, and water user associations can apply for the tender.

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