PEDA issued tender for 2 MW Solar Power Project
PEDA has issued tender inviting bids for the development of 2 MW grid-connected solar power projects in Punjab. The qualified firms need to submit their bids latest by 28 September 2020.
The Punjab Energy Development Agency (PEDA) has invited bids from developers for setting up a 2 MW grid-connected, ground-mounted solar power project on a build, own, and operational (BOO) basis. The proposed project is to be developed at Pong Dam, BBMB Talwara in Punjab.
PEDA has issued a tender on behalf of the Bhakra Beas Management Board (BBMB).
Submission Deadline & EMD:
The bid submission deadline for the interested bidders is September 28, 2020.
Interested bidders are required to submit an amount of INR 500,000 as of the earnest money deposit (EMD).
In addition, an amount of INR 1 million is also needed to be provided in the form of a bank guarantee on the part of the interested bidder.
Scope of Work
Under work scope, the selected bidders will be required to a 2 MW grid-connected, ground-mounted solar power project on a build, own, and operational (BOO) basis on 8.5 acres of rental land to be provided by BBMB. BBMB would charge INR 100/- per acre per year from the developers toward rent for the land provided.
A period of 13 months has been provided for the commissioning of the project from the date of the signing of the power purchase agreement (PPA).
Eligibility Criteria:
To take part in the bidding process, the bidder should have constructed and commissioned – at least one 1 MW or higher grid-connected solar plant, and which have been operational for at least one year – as of the last date of bidding. The solar modules to be used in this project can be purchased and sourced from any country.
Financial Eligibility Criteria:
In order to be considered for a competitive bid process, the net bidder’s value should equal or exceed INR 7 million / MW of quoted power capacity in the last financial year.
