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PSPCL signs PPA with SAEL for 400 MW solar power at Rs 2.97/kWh

Punjab State Power Corporation Limited (PSPCL) has signed a 25-year power purchase agreement (PPA) with Sukhbir Agro Energy Limited (SAEL) for 400 MW of solar power projects in Punjab. SAEL secured the capacity in 2024 at a tariff of Rs 2.97 per kWh. The agreement follows PSPCL’s tender issued in May 2023 for procurement of 1,000 MW solar power through tariff-based competitive bidding from projects of 5 MW and above, located anywhere in the state….

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MECON wins contract for consultancy works for Shanan Hydro Project

MECON Limited has secured a contract valued at Rs 46.59 million to conduct Remnant Life Assessment (RLA) studies, detailed feasibility studies, and preparation of a Detailed Project Report (DPR) for the Shanan Hydro Power Project.  The contract follows a bidding process initiated by Punjab State Power Corporation Limited (PSPCL) in August 2023. Originally, the project turbines had a capacity of 4 x 12 MW. In March 1982, the Government of Punjab upgraded the turbines to…