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The Punjab Energy Development Agency (PEDA) has requested bids for the construction and commissioning of grid-connected rooftop solar systems with a total capacity of 4.5 MW in different sites across the state employing the Renewable Energy Service Company (RESCO) model.
The deadline for submitting online bids is October 31, 2022, and the next day, the bids will be opened.
As an earnest money deposit, bidders would be required to provide Rs. 900,000/MW of the quoted capacity. Additionally, the winning bidder must provide Rs 1 million/MW in performance security within 15 days of the day the allocation letter was issued.
Bidders must submit bids for capacities totaling at least 2 MW and at most 5 MW. Bids with a capacity of less than 2,000 kW will not be accepted. The selected bidder will also be responsible for 25 years of systems’ operation and maintenance.
Government buildings, canal rest stops, administrative office complexes, fire stations, schools, and dam areas are all on the preliminary list of locations.
The Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM) must be utilized to source the solar modules for the project.
The entire solar array capacity should not be less than the allotted capacity and must be made up of solar crystalline modules with a wattage of at least 250 W or more.
To partake in the bidding process, in the previous 7 fiscal years, bidders must have successfully installed, commissioned, and supplied grid-connected rooftop or ground-mounted solar power projects totaling at least 50% of the stated capacity for any state, a federal agency, private sector or an autonomous body.
the average annual turnover of bidders over the previous 3 fiscal years should have been at least Rs 18 million/MW of the specified capacity. Moreover, as of the final day of the last fiscal year, the net worth of bidders must be at least Rs 9 million/MW of the stated capacity.
Further, they should be able to show a line of credit for at least Rs. 11.25 million/MW of the quoted capacity for the previous fiscal year.