+
IREDA extends 5 GW CPSU solar tender
ROADS & HIGHWAYS

IREDA extends 5 GW CPSU solar tender

The time limit for the 5 GW grid-connected solar projects (Tranche-III) has been extended under the Central Public Sector Undertaking (CPSU) program (Phase-II) by the Indian Renewable Energy Development Agency (IREDA).

The earliest date to submit bids was May 15. The executing agency has extended the bid submission date to May 31, 2021, and the bids will be opened on June 9.

IREDA had covered the tariff for the project at Rs 2.20 per kWh as the tender was floated in January this year. Telecommunications Consultants India Limited floated a declaration of interest to pick partners for setting up solar projects under this program following the announcement.

The president of India has given the approval to execute CPSU program Phase-II to set up 12 GW of grid-connected projects for use by government entities or self-use in March 2019.

IREDA has also issued changes to the request for selection given for the projects. The ceiling tariff for the projects has been raised to Rs 2.45 per kWh from the earlier Rs 2.20 per kWh.

Earlier, the maximum time allowed for the commissioning of the full project was 30 months if the allocated capacity was up to 500 MW and 36 months if the allocated capacity was more than 500 MW. Now the maximum time allowed is restricted to 36 months from the date of the issuance of the LoA or LoI.

The selected bidder has to submit the duly signed copy of the award of contract to the EPC contractor within 365 days from the date of the issuance of the LoA. Before, the submission of documents was within 180 days by the bidder. IREDA will have the right to encash the earnest money deposit submitted by the developer if the bidder cannot submit the bank guarantee or sign the EPC contract within 365 days, according to another amended clause. Earlier, the time limit was 180 days.

Image Source


Also read: IREDA conferred with “Green Urja Award”

The time limit for the 5 GW grid-connected solar projects (Tranche-III) has been extended under the Central Public Sector Undertaking (CPSU) program (Phase-II) by the Indian Renewable Energy Development Agency (IREDA). The earliest date to submit bids was May 15. The executing agency has extended the bid submission date to May 31, 2021, and the bids will be opened on June 9. IREDA had covered the tariff for the project at Rs 2.20 per kWh as the tender was floated in January this year. Telecommunications Consultants India Limited floated a declaration of interest to pick partners for setting up solar projects under this program following the announcement. The president of India has given the approval to execute CPSU program Phase-II to set up 12 GW of grid-connected projects for use by government entities or self-use in March 2019. IREDA has also issued changes to the request for selection given for the projects. The ceiling tariff for the projects has been raised to Rs 2.45 per kWh from the earlier Rs 2.20 per kWh. Earlier, the maximum time allowed for the commissioning of the full project was 30 months if the allocated capacity was up to 500 MW and 36 months if the allocated capacity was more than 500 MW. Now the maximum time allowed is restricted to 36 months from the date of the issuance of the LoA or LoI. The selected bidder has to submit the duly signed copy of the award of contract to the EPC contractor within 365 days from the date of the issuance of the LoA. Before, the submission of documents was within 180 days by the bidder. IREDA will have the right to encash the earnest money deposit submitted by the developer if the bidder cannot submit the bank guarantee or sign the EPC contract within 365 days, according to another amended clause. Earlier, the time limit was 180 days. Image SourceAlso read: IREDA conferred with “Green Urja Award”

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?