SECI re-invites RfS bids for 250 MW of solar in Maharashtra

Solar Energy Corporation of India Limited (SECI) has re-invited Request for Selection (RfS) bids for the development of 250 MW solar capacity at Dondaichi village in Dhule district, Maharashtra. SECI has invited the bids on behalf of Maharashtra State Power Generation Company (MSPGCL). Bids for the same were earlier issued in April 2018.

The 250 MW capacity falls under the Phase I of the 500 MW Dhule Solar Power Project and will be developed as 5 projects of 50 MW each. A bidder can submit a single bid for the entire 250 MW or part of the capacity in multiples of 50 MW.

The upper tariff ceiling has been fixed at Rs 2.93 per kWh and SECI will sign 25-year power purchase agreements (PPAs) with the selected developers within one month from the date of issue of Letter of Award (LoA). For this tender, the time-period for completion of work has been set as 12 months from the effective date of the PPA.

The developers will have to submit an earnest money deposit of Rs 1 million per MW per project in the form of bank guarantees along with the bid. The selected bidders will be required to submit performance guarantee of Rs 2 million per MW within 30 days of issuance of the Letter of Award (LoA) or before signing of PPA, whichever is earlier. The last date for bid submission is October 4, 2018.

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