The Financial Bid for 250 MW solar tender floated by Punjab Energy Development authority has been opened .
In Category 1 : Lowest Tariff was quoted by Azure for 4 MW project at INR 7.33 and Highest by International Switch-gear at INR 7.65 .
Category 2 : Entire 100 MW was picked by 5 developers with Solairdirect being lowest at INR 6.88 for 24 MW and Highest by Crocus Infra ( Part of Rattan Power) at INR 7.42
Category 3: 3 developers again Solairdirect at INR 6.88 to Crocus at INR 7.56 .
Entire List can be downloaded from http://peda.gov.in/ .
It would be interesting to see how these project quoted below INR 7 would be feasible as Land Cost in Punjab varies from INR 15 -20 Lakh/acre being one of the costliest in INDIA . Most of these project are expected to be located in MANSA and Ahore region due to better radiation Availability .
Although PEDA has set a tight deadline of March 2016 for this project to avoid change in benchmark tariff but it would be interesting to watch what percent is actually implement considering Last bidding where only 60-75 % of project are commissioned even after 1.5 years of PPA signing .
In Category 1 : Lowest Tariff was quoted by Azure for 4 MW project at INR 7.33 and Highest by International Switch-gear at INR 7.65 .
Category 2 : Entire 100 MW was picked by 5 developers with Solairdirect being lowest at INR 6.88 for 24 MW and Highest by Crocus Infra ( Part of Rattan Power) at INR 7.42
Category 3: 3 developers again Solairdirect at INR 6.88 to Crocus at INR 7.56 .
Entire List can be downloaded from http://peda.gov.in/ .
It would be interesting to see how these project quoted below INR 7 would be feasible as Land Cost in Punjab varies from INR 15 -20 Lakh/acre being one of the costliest in INDIA . Most of these project are expected to be located in MANSA and Ahore region due to better radiation Availability .
Although PEDA has set a tight deadline of March 2016 for this project to avoid change in benchmark tariff but it would be interesting to watch what percent is actually implement considering Last bidding where only 60-75 % of project are commissioned even after 1.5 years of PPA signing .
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