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 Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..