The Punjab Energy Development Agency (PEDA), on behalf of the Bhakra Beas Management Board (BBMB), has invited bids to develop a 2 MW grid-connected ground-mounted solar power project at Pong Dam, BBMB Talwara in Punjab.
The project will be developed on a build, own, operate (BOO) basis on 8.5 acres of land provided by BBMB on rent. BBMB will provide land to the developer at a rent of ₹100 (~$1.36)/acre per year.
The last date for the submission of bids is September 28, 2020.
The commissioning date is set at 13 months from the date of the signing of the power purchase agreement (PPA).
Interested bidders will have to put down ₹500,000 (~$6,813) as the earnest money deposit (EMD) and ₹1 million (~$13,626) in the form of a bank guarantee.
To take part in the bidding process, the bidder should have installed and commissioned at least one grid-connected solar project of 1 MW capacity or higher, which should have been in operation for at least one year on the last date of the submission of the bids. The solar modules used for this project can be sourced from any country.
Regarding the financial criteria, the net worth of the bidder should be equal to or greater than ₹7 million (~$95,383)/MW of the quoted capacity in the last financial year.
According to the tender document, the designated voltage level for evacuating power generated at the generation facility will be 11 kV. The transmission line from the generation facility up to the nearest substation of BBMB will be constructed by BBMB. The declared annual capacity utilization factor (CUF) should, in no case, be less than 17%.
In June this year, PEDA, on behalf of BBMB, issued a request for selection (RfS) for 2 MW of grid-connected solar power projects. The project will be developed at village Neilla Bhakra Dam in Himachal Pradesh and will be installed on a build, own, operate (BOO) basis.
Earlier, PEDA had floated a tender for 19,000 solar streetlights in the state under the Ministry of New and Renewable Energy’s (MNRE) off-grid and decentralized solar photovoltaic (PV) program. The scope of work included the supply, installation, and commissioning of solar street lights along with five years of repair and maintenance.
Rakesh is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.