PSPCL Issues Tender to Procure 1000 MW Solar Power

PSPCL Issues Tender to Procure 1000 MW Solar Power

Punjab State Power Corporation Ltd. (PSPCL) has issued a tender for the procurement of 1000 MW of solar power via  competitive bidding. This will be followed by an e-reverse auction. The RfS is open to grid-connected solar photovoltaic power projects with a capacity of 5 MW and above, located anywhere in Punjab.

The last date for submission of bids is July 10, 2023. The last date for the submission of documents for the RFS is July 10, 2023. Technical bids open on July 12, 2023. Financial bids open on August 28, 2023.

The cost of the RFS document is Rs. 25,000/- plus 18% GST or as applicable (to be submitted through NEFT/RTGS).

The validity of the bid is is until January 6, 2024, for a period of 180 days. The Earnest Money Deposit (EMD) of Rs. 4 lakh per MW must be submitted as a bank guarantee along with the response to RfS.

The Punjab government recently announced that the cultural city of Amritsar will be now developed as a ‘Solar City’ of the north-western state as state’s Renewable Energy Minister Aman Arora launched the Punjab State Energy Action Plan.

PSPCL has been a ‘distressed’ discom for the longest time, thanks to a combination of the state’s power policies and it’s own inefficiencies. That will indicate possibly higher than usual price bids for supply, besides a high probability that total bids received may not even equal the amount targeted for procurement. Utility scale solar projects have been few and far between in Punjab, owing to high cost of land besides PSPCL’s own approach to solar until recently,