PEDA Floats 4.5 MW Grid Connected Solar Power Plants Tender

Punjab Energy Development Agency Issues Tender for 50 MW Solar Projects

Punjab Energy Development Agency (PEDA) has floated 4.5 MW grid-connected rooftop or ground-mounted solar power plants under the renewable energy service company (RESCO) model at various locations in the state. 

The last date for submitting the online bid is October 31, 2022, and the bid will be opened on the same day.

This PEDA 4.5 MW solar tender includes the scope of the work of setting up the solar plant of awarded capacity, including design & engineering, manufacture/procurement, supply, installation, testing, and commissioning including warranty obligation with comprehensive operation and maintenance for 25 years.

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Each interested bidder will also have to pay Rs. 9 Lakh per MW as an earnest money deposit/bank guarantee. The awarded bidder must provide Rs. 10 lakh per MW as a performance bank guarantee (PBG) within 15 days from the date of issuance of the allocation letter.

Bidders should submit bids for capacities ranging from 2 MW to 5 MW in total. Less than 2,000 kW in capacity bids will be rejected.

The bidders must have experience in the same kind of work with ground-mounted solar power projects connected to the grid within the previous seven years. The projects must comprise transmission line construction, switchyard/substation bay, design, supply, installation, testing & commissioning, operation, and maintenance of solar power plants. 

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In the previous seven financial years, bidders must have finished the supply, installation, and commissioning of grid-connected rooftop or ground-mounted solar power projects totaling at least 50% (cumulative capacity) of the quoted capacity for any state, a federal agency, autonomous body, or the private sector.

The average annual turnover of the bidder should be Rs. 1.8 Cr in the preceding three financial years. The minimum net worth of the bidder should also be 90 lakhs for the last financial year. Net Worth of the bidder shall be calculated as follows: 

Net Worth = (Equity + Reserves) – (Revaluation reserves+ intangible assets + miscellaneous expenses to the extent not written off + carried forward losses). 

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Bidders can view/download this PEDA 4.5 MW grid-connected rooftop solar project tender documents and technical specifications here.

Recently, Punjab Energy Development Agency (PEDA) floated four (4) solar tenders for the supply of solar power plants in four different locations in Punjab with a cumulative capacity of 16 MW.