INDIA: PSEB invites bids for developing 1,320 MW project at Rajpura

Punjab State Electricity Board on Monday invited bids from domestic as well as international developers for setting up a 1,320 MW power project at Rajpura in the state.

The pre-qualification bids have been invited by Nabha Power Ltd, a wholly-owned special purpose vehicle of PSEB, which has been appointed as the nodal agency for executing the bidding process.

The proposed coal-based power project is proposed to be awarded on the basis of tariff-based competitive bidding. The project would be set up on built, own and operate basis, PSEB said in an advertisement.

The project is a part of the state government's targeted capacity addition of 9,000 MW by the end of 11th plan period. PSEB has an installed capacity of 6,300 MW at present.

The land for the project would be acquired by Nabha Power Ltd and later on handed over to selected developer after issue of a Letter of Intent. Nabha Power would also be responsible to obtain necessary coal linkages, water allocation and various other statutory clearances.

The state government is reported to have identified about 1,300 acres of land.

The last date of submission of prequalification bids - request for qualification - by developers is March 7. Power Finance Corp has been appointed as consultant for the project, while PSEB would procure power produced from the project.


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