PEDA invites bids for 50 MW SPV Rooftop/Ground Mounted Power Plants on RESCO Model

Powering Punjab with Solar Energy: Invitation to Bid for Renewable Energy Projects Accelerating Solar Adoption through RESCO Model: Tender for 50 MW Capacity

PEDA, the leading agency for renewable energy projects in Punjab, is facilitating the installation of solar power systems on government buildings and institutions across the state. The government’s directive mandates the adoption of solar energy through PEDA, particularly under the RESCO model, for efficient energy management.

Project Details:

  • The tender invites proposals for the supply, installation, and commissioning of Grid Connected Rooftop/Ground Mounted Solar Power Plants with Net Metering/Net Billing Facility. The cumulative capacity targeted is 50 MW.
Sr. No.Category of Systems
11 KWp to 5 KWp
26 KWp to 10 KWp
311 KWp to 50 KWp
451 KWp to 100 KWp
5101 KWp to 500 kWP
6501 kWp to 3000 kWp
73001 kWP to 5000 kWP

Key Deadlines:

  • Commencement of e-tender document download: February 6, 2024
  • Submission deadline for e-bids: March 20, 2024, by 5:00 PM
  • Pre-Bid Meeting: February 29, 2024, at 12:30 PM

Financial Aspects:

  • Earnest Money Deposit (EMD): Rs. 10,00,000 per MW, exempted for Micro and Small Enterprises (MSEs).
  • Performance Security: Successful bidders are required to furnish Rs. 20 Lacs/MW within 15 days from the allocation letter issuance.

Technical Criteria:

  • Eligible bidders include System Integrators, Project Developers, and RESCO Companies, with a minimum of two years’ experience in solar power projects.
  • Successful completion of at least 50% of the quoted capacity in Grid Connected Rooftop/Ground Mounted Solar Power Plants over the past seven years is mandatory.

Financial Eligibility:

  • Bidders should demonstrate a minimum average annual turnover of Rs. 80 Lacs/MW in any two of the last three financial years, supported by certified documentation.

Tender Documentation:

  • Interested parties must pay a non-refundable Tender Document fee of Rs. 1180/- online.

For Further Inquiries:

  • Detailed tender specifications and submission guidelines are available on PEDA’s official e-procurement platform. Interested parties are encouraged to participate in this significant initiative.