The Punjab State Power Corporation Limited (PSPCL) has floated a tender for a 1 GW (gigawatt) grid-connected solar farm. The tender selection will be done via an e-reverse auction for projects with a capacity of over 50MW.
The last date for tender submission is October 31, while the bids will be opened on November 2. The solar farm will be developed on a PPP (Public-Private Partnership) Model. The PPP will be effective for 25 years from the project’s scheduled operation date.
Also Read: Sacred Geometries: Ancient Architecture & Symbology Are Steeped Into The New Hotel In Bodh Gaya
The bidders will have to pay a non-refundable document fee of 25,000 INR plus GST for the tender. Additionally, the bidders will pay a tender processing charge of 300,000 INR and an earnest money deposit (EMD) of 400,000 INR/ MW of the quoted capacity.
The successful bidders have to submit a Performance Bank Guarantee (PBG) of 180,000 INR/MW of the proposed capacity. The selected bidder must build the project and transmission network all the way to the delivery point.
Biltrax Construction Data is tracking 26,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0
