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

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.

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