Finance, Other, solar

Punjab issues RfP for 300 MW solar projects

According to reports, the Indian state of Punjab has released a request for proposals (RfP) for 300 MW-AC of solar photovoltaic (PV) plants, as the first phase of its state solar policy.

The RfP will be based on a competitive solicitation against a benchmark tariff of INR 8.75 (USD 0.161) per kWh. Each bidder may submit up to three bids, which will be accepted online through March 26th, 2013.

Punjab Energy Development Agency (PEDA) has set a bidding limit of 30 MW-AC for experienced companies during the round, and a limit of 4 MW-AC for those companies that do not meet experience criteria.

250 MW of the 300 MW will be set aside for companies that have installed and commissioned at least one PV plant 5 MW or larger, which has been operational for at least one year.

The state will also exempt a number of taxes and duties for the PV plants build through the program, including the electricity duty for power, value added tax, and stamp duties.

Punjab has set a target of 1 GW of new solar electric generating capacity in its “New and renewable Sources of Energy Policy – 2012”, which was released in December 2012.

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