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	-

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Outcomes of the Coal Auctions for the 17 blocks conducted as on 21 Feb 2015

 

 

The Government has initiated fresh auctions of coal mines following  a court cancellation of all previous licences and the initial bidding suggests companies are keen to secure supplies as the economy improves.

 

So far, 17 blocks have been allotted till 21st Feb 2015 with one remaining which will be alloted on 22nd Feb 2015.

Below is the cumulative list of the coal blocks allotted so far.

S.No.	Coal Block	Date of Auction	Sector	Earlier Allotted to	Currently won by	Closing Bid (Rs./Ton)
1	Talabira I	14/02/2015	Power	HINDALCO	GMR Chhattisgarh Energy	478
2	Sial Ghoghri	14/02/2015	Unregulated Sector	Prism Cement	Reliance Cement	1402
3	Sarisatolli	15/02/2015	Power	CESC Limited	CESC Limited	470
4	Belgaon	15/02/2015	Unregulated Sector	Sunflag Iron & Steel Company	Sunflag Iron & Steel Company	1785
5	Kathautia	15/02/2015	Unregulated Sector	Usha Martin	HINDALCO	2860
6	Marki Mangli III	16/02/2015	Unregulated Sector	Topsworth Urja & Metal	BS Ispat	918
7	Mandla North	16/02/2015	Unregulated Sector	Jaiprakash Associates	Jaiprakash Associates	2505
8	Trans Damodar	16/02/2015	Power	West Bengal Mineral Dev. Corp	The Durgapur Projects	940
9	Ardhagram	17/02/2015	Unregulated Sector	Sova Ispat Limited	OCL Iron & Steel	2302
10	Chotia	17/02/2015	Unregulated Sector	Prakash Industries Ltd	BALCO	3025
11	Amelia (North)	17/02/2015	Power	Madhya Pradesh Mining Corp	Jaiprakash Power	712
12	Tokisud North	18/02/2015	Power	GVK	Essar Power MP	1110
13	Gare Palma IV/5	18/02/15	Unregulated Sector	Monnet Ispat	HINDALCO	3502
14	Gare Palma IV/2 & IV/3	19/02/15	Power	Jindal Power	Jindal Power	108
15	Bicharpur	19/02/15	Unregulated Sector	Madhya Pradesh Mining Corp	Ultratech	3003
16	Gare Palma IV/4	20/02/2015	Unregulated Sector	Jayaswal Neco Ltd.	HINDALCO	3001
17	Gare Palma IV/1	21/02/2015	Unregulated Sector	Jindal Steel & Power Ltd.	BALCO	1585
18	Gare Palma IV/7	22/02/2015	Unregulated Sector	Raipur Alloy & Steel Ltd.

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