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Daily News Wrap-Up: Punjab Floats 100 MW Solar Tender with Transmission

IndiGrid raises ₹6.7 billion through the institutional placement of shares

December 12, 2023

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The Punjab State Power Corporation (PSPCL) invited bids to set up 100 MW solar projects and the associated transmission system in Bathinda. The last date to submit the bids is January 18, 2023. Bids will be opened on January 23. Bidders must submit ₹300,000 (~$3,597) as a bid processing fee and an earnest money deposit (EMD) of ₹100 million (~$1.2 million). Selected bidders must remit ₹250 million (~$3 million) as a performance bank guarantee. PSPCL will provide the land to set up the project on lease rent of ₹1 (~$0.012) per acre per annum.

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