PSPCL floats a tender to procure power from 1 GW of solar projects

The Punjab State Power Corporation (PSPCL) has issued a request for selection (RfS) to select bidders for a long-term tariff-based competitive bidding procedure to acquire power from 1 GW of grid-connected solar projects. From the project’s expected commercial operation date, PSPCL will enter into a power purchase agreement (PPA) with winning bidders for a period of 25 years. The bid submission deadline is June 20, 2022. The reverse auction will be held on June 25, 2022.

As per the tender guidelines, the bidders must pay a non-refundable RfS document fee of Rs 25,000 and a tender processing fee of Rs 300,000. Under the Approved List of Models and Manufacturers (ALMM) regulation, bidders must adhere to the Ministry of New and Renewable Energy’s list of models and nodule manufacturers. The winning bidders must also provide a Rs 1.18 million performance guarantee per MW of quoted capacity. The projects selected in this competition can be implemented anywhere in India. Only commercially established and operational technologies, on the other hand, can be employed to reduce technological risk and ensure project commissioning on schedule. The winning bidder must develop the solar project and the transmission network up to the delivery point.

In January 2022, Punjab Genco, a wholly-owned company of Punjab Energy Development Agency (PEDA), floated a 16 MW tender for the design, manufacture, supply, testing, and commissioning of solar power projects in the Bhatinda district of Punjab. The successful bidder would also be responsible for operations and maintenance activities for a period of 5 years.

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