MAHAGENCO invites EoI for setting up solar manufacturing unit in Maharashtra

The Maharashtra State Power Generation Company (MAHAGENCO) has invited an expression of interest (EoI) to set up solar modules and cells manufacturing units in the state.

MAHAGENCO has not yet specified the size of the manufacturing units. This will be decided after submission of all EoIs. MAHAGENCO will hold a share in the revenues made by the manufacturing unit, but has not set a percentage. The same has to be submitted by the interested bidders.

As per the EoI, bidders can manufacture any type of solar cells or PV modules. However, the interested bidders must submit their offers along with details such as financial model, type of module manufacturing technology, structure of joint venture, etc.

Since Maharashtra does not have any state policy on subsidising solar manufacturing, only the central government subsidies will be made available to the successful bidders. MAHAGENCO will provide the land required to set up the manufacturing unit while the bidders will be responsible for setting up the solar cell and module manufacturing plants. The bidders will also be responsible for the sales, marketing and after sales services of the modules or cells. The deadline to submit the EoI is September 29, 2018.

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