PEDA floats tender for 18 MW BBMB's four solar power projects

16 Dec 2021 CW Team

The winning bidder will supply power to BBMB according to the terms and conditions of the power purchase agreement (PPA).

The deadline to submit the bids is December 30, and the bids will be opened on December 31.

The bidders will have to pay Rs 500,000 per MW as an earnest money deposit. The winning bidder must deposit Rs 1 million per MW as a performance bank guarantee.

The solar projects should be commissioned within 13 months from the date of signing the PPA.

The bidders must use only the modules listed in the Approved List of Models and Manufacturers (ALMM), issued by the Ministry of New and Renewable Energy (MNRE).

The winning bidder will have to set up the solar project on BBMB's land. The developer will sign a rent agreement with BBMB for 27 years and six months for a land vacation. BBMB will provide the land at Rs 100 per acre yearly.

For participating in the bidding, the bidder must have installed and commissioned a minimum of one grid-connected solar project of 5 MW capacity or more, which must have been operational for a minimum of one year before the bid submission date.

The net worth of the bidder should be Rs 7 million or more per MW of the quoted capacity for the last financial year.

The capacity utilisation factor (CUF) should not be less than 21%. The solar developer should maintain the annual CUF within +10% and -15% of the declared value at the end of the last ten years, while the remaining at 19% within +10% and -20% of the declared value at the end of 25 years.

Image Source

Also read: RUMSL floats tender for 600 MW floating solar park

Also read: Durgapur Projects invites bids for 7 MW ground-mounted solar project

The Punjab Energy Development Agency (PEDA) has floated tender for 18 MW capacity grid-connected solar power projects of Bhakra Beas Management Board (BBMB) at four locations on a build, own and operate basis. The winning bidder will supply power to BBMB according to the terms and conditions of the power purchase agreement (PPA). The deadline to submit the bids is December 30, and the bids will be opened on December 31. The bidders will have to pay Rs 500,000 per MW as an earnest money deposit. The winning bidder must deposit Rs 1 million per MW as a performance bank guarantee. The solar projects should be commissioned within 13 months from the date of signing the PPA. The bidders must use only the modules listed in the Approved List of Models and Manufacturers (ALMM), issued by the Ministry of New and Renewable Energy (MNRE). The winning bidder will have to set up the solar project on BBMB's land. The developer will sign a rent agreement with BBMB for 27 years and six months for a land vacation. BBMB will provide the land at Rs 100 per acre yearly. For participating in the bidding, the bidder must have installed and commissioned a minimum of one grid-connected solar project of 5 MW capacity or more, which must have been operational for a minimum of one year before the bid submission date. The net worth of the bidder should be Rs 7 million or more per MW of the quoted capacity for the last financial year. The capacity utilisation factor (CUF) should not be less than 21%. The solar developer should maintain the annual CUF within +10% and -15% of the declared value at the end of the last ten years, while the remaining at 19% within +10% and -20% of the declared value at the end of 25 years. Image Source Also read: RUMSL floats tender for 600 MW floating solar park Also read: Durgapur Projects invites bids for 7 MW ground-mounted solar project

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Infrastructure Energy

06 Oct 2025

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Infrastructure Energy

06 Oct 2025

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..