PSPCL floats tenders for solar power

Chandigarh, October 29

On the directives of the Chief Minister, the Punjab State Power Corporation Limited (PSPCL) has floated two tenders for procurement of 500 MW solar power to meet the rising demand in the state.

The Chief Minister’s Office said one of the two projects, having capacity of 250 MW each, would be located in Punjab and the other outside the state.

Chairman-cum-MD, Punjab State Power Corporation Limited, A Venu Prasad said under the tender for procurement of power from projects outside the state, ReNew Dinkar Jyoti Private Limited had offered power @ Rs 2.33/kWh. Similarly, for the ones located inside the state, SJVN Limited had offered 100 MW power @ Rs 2.69/kWh and SAEL Limited @ Rs 2.69/kWh. The CMD said the PSPCL had signed the PSA with the Solar Energy Corporation of India (SECI) under which 500 MW hybrid (solar + wind) power would be provided to the PSPCL from December in phases and was likely to be fully available by the end of fiscal 2021-22.— TNS