Punjab Energy Development Agency (PEDA) has solicited bids for the installation and commissioning of 10 MW of grid-connected rooftop solar systems with a net metering facility on government buildings around the state. The bids have been invited under the renewable energy service company (RESCO) model.
The deadline for submitting online bids is January 30, 2023, which will be revealed on the next day.
For a period of 25 years, the project’s operation and maintenance must be handled by the winning bidder.
Bidders are required to make an earnest money deposit of Rs. 900,000/MW. The winning bidder must additionally provide Rs. 1 million/MW as a performance security within 15 days of receiving the letter of award.
Bidders are ought to apply for cumulative capacity ranging from 2 MW to 5 MW only.
The Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers must be utilized to source the solar modules for the project.
The entire solar array capacity should be at least as large as the allotted amount and should be made up of solar crystalline modules with a wattage of at least 250 Wp or higher, the efficiency of which should not be less than 16%.
According to the bidding specification, the minimum capacity utilization factor (CUF) for each year after the project’s date of commissioning must be at least 15%.
The delivery, installation, and commissioning of grid-connected rooftop or ground-mounted solar power projects with a minimum cumulative capacity of 50% of the quoted capacity shall have been completed by bidders in the previous 7 fiscal years to be eligible for the bidding.
As of September 30, 2022, bidders must have working capital equal to at least Rs. 11.25 million/MW of the quoted capacity.
As of the final day of the last fiscal year, the net worth of bidders must be equal to or more than Rs. 9 million/MW of the stated capacity. They should also have an average yearly turnover of Rs. 18 million/MW of the specified capacity during the previous 3 fiscal years.
