Punjab State Power Corporation Issues Tender to Procure 1 GW Solar Power
Punjab State Power Corporation has issued a tender to procure 1,000 MW of grid-connected solar power from 1-5 MW projects across Punjab. Bid submission ends on April 1, 2026.
February 18, 2026. By Mrinmoy Dey
Only PSPCL/PSTCL grid-connected intrastate projects would be eligible.
The competitive tariff to be initially quoted by the bidders during the bidding process must be firm and must be less than INR 3.10/ kWh. This would be followed by the e reverse auction.
Bidders need to pay INR 29,500 as a tender document fee. Further, they need to furnish INR 4 lakh/MW as an earnest money deposit (EMD).
The last date for submission of bids is April 1, 2026. The techno-commercial bids will be opened on April 6, 2026.
A bidder can offer projects at multiple locations, subject to each project having a capacity of 1 MW to 5 MW, with cumulative capacity offered not exceeding 1,000 MW.
PSPCL shall enter into a PPA with successful bidders for a period of 25 years from the scheduled commencement of supply date of the project.
Solar PV modules and solar PV cells used in the project must be sourced only from the models and manufacturers included in the List-I (for solar PV modules) and List-II (for solar PV cells).
The net-worth of the bidder as on the last date of the previous financial year or as on the day not more than seven days prior to the due date of bid submission must not be less than INR 50 lakh/MW.
Additionally, the bidder must possess a minimum annual turnover of INR 25 lakh/MW of the quoted capacity during the previous financial year. Alternatively, the bidder must demonstrate internal resource generation capability, in the form of Profit Before Depreciation Interest and Taxes (PBDIT) for a minimum amount of INR 5 lakh/MW of the quoted capacity, as on the last date of the previous financial year.
Alternatively, the bidder must produce an in-principle sanction letter from the lending institutions/banks of the bidder committing a Line of Credit for a minimum amount of INR 6.25 lakh/MW of the quoted capacity, towards meeting the working capital requirements for the project.
please contact: contact@energetica-india.net.
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