Punjab invites bids for 1000 MW solar power procurement

02 Jun 2023 CW Team

The Punjab State Power Corporation (PSPCL) has released a tender inviting bid for the acquisition of 1000 MW of solar power through a competitive bidding process, followed by an e-reverse auction. The Request for Selection (RfS) is open to grid-connected solar photovoltaic power projects with a capacity of 5 MW and above, located anywhere in Punjab.

Interested parties must submit their bids by July 10, 2023, along with the required documents for the RfS. The technical bids will be opened on July 12, 2023, and the financial bids will be opened on August 28, 2023.

To obtain the RfS document, bidders are required to pay Rs. 25,000/- plus 18% GST or applicable taxes through NEFT/RTGS.

The bid will remain valid until January 6, 2024, for a period of 180 days. As part of the bid submission, a bank guarantee of Rs. 4 lakh per MW, totaling the capacity offered, must be provided as the Earnest Money Deposit (EMD).

In a recent announcement, the Punjab government unveiled plans to transform the city of Amritsar into a 'Solar City' in the north-western region of the state. The Punjab State Energy Action Plan was launched by Aman Arora, the Minister of Renewable Energy, highlighting the government's commitment to renewable energy development.

PSPCL has faced significant challenges as a distressed distribution company (discom) for an extended period, attributed to a combination of the state's power policies and internal inefficiencies. Consequently, there is a possibility of higher-than-usual price bids for the power supply, and it is uncertain whether the total bids received will meet the targeted procurement amount. The development of utility-scale solar projects in Punjab has been limited due to factors such as high land costs and PSPCL's previous approach to solar energy.

Infrastructure Urban

07 Nov 2025

Piyush Goyal Boosts India–New Zealand Trade Ties

Union Minister of Commerce and Industry, Shri Piyush Goyal, is on an official visit to New Zealand to strengthen bilateral economic and trade relations between the two nations. The fourth round of India–New Zealand Free Trade Agreement (FTA) negotiations is currently underway in Auckland from 3 to 7 November 2025. At the India–New Zealand Business Forum, organised by the Auckland Business Chamber, Shri Goyal joined Hon. Todd McClay, Minister for Trade of New Zealand, for a Fireside Chat moderated by Mr Simon Bridges, CEO of the Auckland Business Chamber. Opening the session, Shri Goyal r..

India, Romania Strengthen Trade and Industry Cooperation

Minister of State for Commerce and Industry, Shri Jitin Prasada, led the Indian business delegation at the India–Romania Business Forum, organised by the Chamber of Commerce and Industry of Bra?ov (CCIBv) in partnership with the Embassy of India in Bucharest and the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. The engagement focused on expanding bilateral investment and industrial cooperation between the two countries, bringing together business leaders from key sectors such as automotive, aerospace, defence, renewable energy, engineering services, a..

Maritime Security Seminar Strengthens Indian Ocean Cooperation

The Maritime Security Seminar, held as part of the Maritime Information Sharing Workshop (MISW) 25, concluded on 4 November 2025. The three-day workshop, themed “Enhancing Real-Time Coordination and Information Sharing Across the Indian Ocean Region,” is being hosted by the Information Fusion Centre – Indian Ocean Region (IFC–IOR) and has brought together over 57 participants from 30 countries, including representatives from the Indian Ocean Rim Association (IORA), Djibouti Code of Conduct/Jeddah Amendment (DCoC/JA), and the Bay of Bengal Initiative for Multi-Sectoral Technical and Eco..