Punjab 250 MW Solar Tender Results

 

 

Punjab Energy Development Agency (PEDA), nodal agency of Punjab, has invited Request for Proposal (RfP) on December 24, 2014 for development of 250 MW Solar Projects in the State.

 

The Projects were to be developed under following categories: 

• Category–I: 50 MW Capacity (project capacity 1 MW to 4 MW)
• Category–II: 100 MW Capacity (project capacity 5 MW to 24 MW)
• Category–III: 100 MW Capacity (project capacity 25 MW to 50 MW

Bid submission and Non financial bid opening were on January 28, 2015.

Total 32 bids (21 in Cat-I, 7 in Cat-II & 5 in Cat-III) were received aggregating to ~388 MW (34 MW in Cat-I, 149 MW in Cat-II & 205 MW in Cat-III)

The financial bids opened on February 10, 2015.

Summary of Bid Results

• Total Bids: 32 (aggregate capacity 388 MW)
• Lowest Bid: Azure – 4 MW (Rs 7.33/unit) under category I, SolaireDirect – 24 MW (Rs 6.88/unit) under Category II, 50 MW (Rs 6.88/unit) under Category III
• Highest Winning Bid: RatanIndia – 4 MW (Rs 7.45/unit) under Cat I, 24 MW (Rs 7.42/unit) under Cat II & 50 MW (Rs 7.56/unit) under Cat III

List of Successful Bidders

Bidders	Cat-I			Cat-II		Cat-III		Total Capacity (MW)	Levellized Tariff (Rs/Unit)
	Capacity (MW)	Tariff Rs/Unit	Capacity (MW)		Tariff Rs/Unit	Capacity (MW)	Tariff Rs/Unit
ACME	-	-	24		7.16	50	7.06	74	7.09
RatanIndia	4	7.45	24		7.42	50	7.56	78	7.51
Solaire Direct	-	-	24		6.88	30	6.88	54	6.88
Azure	4	7.33	24		7.19	0	0	28	7.21
Total	8	-	96		-	130	-	234	-