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

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Infrastructure Energy

14 Oct 2025

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Infrastructure Energy

14 Oct 2025

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..