Punjab invites bids for 1000 MW solar power procurement
POWER & RENEWABLE ENERGY

Punjab invites bids for 1000 MW solar power procurement

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.

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.

Next Story
Infrastructure Transport

IRFC Posts Record Profit as Diversification Boosts Growth

Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, has reported its highest-ever profit after tax (PAT) driven by strategic diversification and improved margins. For the quarter ended 30 September 2025, IRFC posted a PAT of Rs 17,769.8 million, a 10.19 per cent increase from Rs 16,126.5 million in the same quarter last year. For the half-year, PAT rose 10.45 per cent year-on-year to Rs 35,226.7 million. Total income stood at Rs 63,719.1 million for Q2 and Rs 132,901.5 million for the half-year, supported by effective liability management and steady asse..

Next Story
Infrastructure Transport

KMEW to launch River Pearl Cruise linking Statue of Unity & Omkareshwar

Knowledge Marine & Engineering Works Limited (KMEW) has received a Letter of Acceptance (LoA) from the Madhya Pradesh Tourism Board (MPTB) to build and operate a luxury cruise between Kukshi in Madhya Pradesh and the Statue of Unity in Gujarat along the Narmada River. The 20-year project covers a 135-km stretch and marks KMEW’s official entry into India’s maritime tourism sector. The LoA was formally presented at the Madhya Pradesh Travel Mart 2025 by Hon’ble Union Minister of Culture Gajendra Singh Shekhawat, Chief Minister Dr. Mohan Yadav, and Minister of State for Tourism Dharmen..

Next Story
Infrastructure Urban

Hyundai to Invest Rs 45,000 Mn In India by FY2030

Hyundai Motor India Limited (HMIL) has unveiled an ambitious roadmap to invest Rs 45,000 million by FY2030, aiming to position India as its second-largest region globally and a key export hub. The plan, announced at the company’s first-ever Investor Day, focuses on India-centric product expansion, electrification, and localisation. The automaker plans to launch 26 models by FY2030, including seven all-new nameplates and entries into the MPV and off-road SUV segments. Hyundai will also introduce India’s first locally manufactured dedicated electric SUV by 2027 and bring its global luxury b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?