Punjab declare Bid result of 500 MW

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In June 2015, Punjab Energy Development Agency had floated RfP For New Grid Connected Solar Photo Voltaic Power Projects 500 Mw Capacity Under Phase Iii

As per tender document, Total allotted capacity is 500 MW to newly incorporated / existing Companies. The minimum capacity allotment of the project shall be 50 MW and maximum capacity shall be 150 MW to single Company.

The selection of bidder is based in the net availed tariff after providing discount on generic tariff notified by CERC for Solar PV Power Projects for FY 2015-16.

In the last month, Telangana & Andhra Pradesh bid result had found lowest tariff (Sky power with Rs. 5.1729 / kWh) ever quoted in the history of Indian solar sector but Punjab bid result has broken down all the records & has found lowest quote in the sector.

As per the result total five bidders are selected for 500 MW solar project, the tariff quoted by them are in range of Rs. 5.09 to 5.98/kWh. Photon Ultra Wave (Today Homes) has grabbed first position with lowest quote of Rs. 5.09/kWh for 50 MW, 50 MW for Rs. 5.27/kWh & 50 MW for Rs 5.57/kWh.

The other parties such as,

Azure with 50 MW with Rs. 5.62/kWh, 50 MW with Rs. 5.63/kWh, 50 MW with Rs. 5.64/kWh.

Praytana (Adani) 50 MW with Rs. 5.80/kWh & 50 MW with Rs. 5.95/kWh.

Mytrah 50 MW with Rs. 5.97/kWh.

Hindustan (Moser Baer) 50 MW with Rs. 5.98/kWh.

Story is developing…..


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