Maharashtra floats 1 GW solar tender

Maharashtra State Electricity Distribution Company Limited (MSEDCL), has issued a Request for Selection, calling for the purchase of power on a long-term basis from 1,000 MW of grid-connected solar projects (phase III). The ceiling tariff has been set at Rs 2.80 per kWh. The last date for submission is July 9, 2019 and the pre-bid meeting is to be held on June 19, 2019.

According to tender guidelines, an earnest money deposit of Rs 5 million will be required to participate in this tender.

In a bid to meet its renewable purchase obligation and future power needs, MSEDCL will be purchasing the solar power from these projects and will sign a power purchase agreement for a period of 25 years.

Also the tender documents state that for inter-state projects, the minimum bidding capacity has been stipulated at 50 MW, and all related transmission charges and losses are to be borne by the selected bidder.

Previously, the solar tender floated in Maharashtra for 1 GW of grid-connected solar projects under Phase-II tender was oversubscribed by 900 MW. The capacity was tendered in December 2018.

Initially, the MSEDCL had set an upper ceiling tariff at Rs 2.80 per kWh, and the bid submission deadline was January 3, 2019. Later, the ceiling was revised to Rs 2.90 per kWh while the bid submission deadline was extended to January 22, 2019.

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