Bid Result – Punjab 500 MW tender _ Another low INR5.09 /KWh

PEDA has floated a tender for 500 MW ( 50*10 ) of Solar project on behalf of PSPCL which was oversubscribed by more than 3 times and received total bid of 1,650 MW  . A total of 18 Developers have submitted bid and Major International and national players  were Skypower , Sun Edison , Acme , Welspun , Azure ,  HERO Future .

The financial Bid was opened and the results are as follows   :

  1. .Photon Solar -150 MW ( 50 MW each at INR 5.09 , 5.27 & 5.57 / Kwh )
  2. Azure power -150 MW (  50 MW each at INR 5.62 , 5.63 &  5.64 /kwh )
  3. Prayanta -100 MW ( 50 MW each at 5.8 & 5.95  /KWh  )
  4. Mytrah Energy -50 MW – INR 5.97 / Kwh
  5. Hindustan clean energy (Part of  Moserbear Group)-50 MW – INR 5.98 / Kwh

Punjab currently has a installed capacity of  206 MW & 282 MW ( Including Rooftop ) is under execution .

PEDA has already identified 6,000 acres of land belonging to village Panchayats and private land owners, who are willing to give their land on lease for upcoming solar projects.

Overall , in last three months we have seen tariff touching new low with INR 5.05 / Kwh in Madhya Pradesh & INR 5.17 /Kwh in Telengana and trend seems to be followed in Punjab , even though exchange Rate have made imports dearer with effect seen on price of Modules .

Hope to see discovery of below INR 5 /Kwh Tariff in upcoming NTPC bids with anything possible in LIVE reverse Auction .

Will Keep you posted and with this always KEEP the SUNNY SIDE UP !!!

p

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