Punjab 500MW Solar Tender Bidding Results

Lowest bid was Rs.5.09 per Unit and highest was Rs.6.84. 500 MWp allocation completed within Rs.5.98 per Unit (Kwh).

Following solar developers have quoted lowest bid price:
Photon – 150 MW ( Rs 5.09 per Unit –50 MW, Rs 5.27 per unit – 50 MW & Rs 5.57 per unit –50 Mwp)
Azure Power – 150 MW (Rs 5.62 per Unit –50 MW, Rs 5.63 per unit – 50 MW & Rs 5.64 per unit –50 Mwp)
Prayanta – 100 MW (Rs 5.80 per Unit –50 MW, Rs 5.95 per unit – 50 MW )
Mytrah – 50 MW (Rs 5.97 per Unit –50 MW )
Hindustan Clean Energy – 50 MW (Rs 5.98 per Unit –50 MW )


Company Name Allocated Capacity Price Depreciation
Photon 50 5.09 Rs. ND
Photon 50 5.27 Rs. ND
Photon 50 5.57 Rs. ND
Azure 50 5.62 Rs. AD
Azure 50 5.63 Rs. ND
Azure 50 5.64 Rs. ND
Prayanta 50 5.8 Rs. AD
Prayanta 50 5.95 Rs. AD
Mytrah 50 5.97 Rs. ND
Hindustan Clean Energy 50 5.98 Rs. AD
Skypower 50 5.99 Rs. ND
Express Procon 50 6.03 Rs. ND
Solar Pack, Spain 50 6.04 Rs. AD
Raga 50 6.07 Rs. ND
Prayanta 50 6.1 Rs. AD
Hindustan Clean Energy 50 6.1 Rs. AD
First Solar 50 6.15 Rs. ND
Raga 50 6.16 Rs. ND
Acme 50 6.18 Rs. ND
Orange 50 6.19 Rs. ND
Raga 50 6.23 Rs. ND
Aditya 50 6.24 Rs. AD
Acme 50 6.27 Rs. ND
Renew 50 6.37 Rs. ND
Acme 50 6.37 Rs. ND
Welspun 50 6.39 Rs. ND
Express Procon 50 6.39 Rs. ND
Hero 50 6.44 Rs. ND
Emami 50 6.45 Rs. ND
Essel 50 6.48 Rs. ND
Renew 50 6.58 Rs. ND
Essel 50 6.75 Rs. ND
Essel 50 6.84 Rs. ND