The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has invited bids from developers for the installation of 100 MW of decentralised grid-connected solar power projects under Component-A of the Pradhan Mantri KisanUrja Suraksha evamUtthaanMahabhiyan (PM-KUSUM) program. The grid-connected projects will range between 500 kW and 2 MW in generation capacity and must record a capacity utilization factor of at least 15 per cent annually. Developers will be responsible for the design, engineering, supply, construction, erection, testing, and commissioning of the project. Further, they will also have to provide comprehensive maintenance services for 25 years. The developer will sign a power purchase agreement within two months of issue of the letter of approval with the Madhya Pradesh Power Management Company Limited. While there is no financial eligibility for self-development, project developers must have a net worth of Rs 10 million per MW and liquidity of at least Rs 20 million per MW in the last two financial years. Prospective bidders must submit a bid security deposit of Rs 100,000. The deadline for submission of bids is February 23, 2021.
The PM-KUSUM scheme was announced in March 2019, by the Ministry of New and Renewable Energy, to promote the use of solar energy in the agricultural sector. Under Component-A, the ministry aims to set up 10 GW of decentralised grid-connected solar power in the country. In November 2020, the MNRE had raised the target of solar capacity addition under the PM–KUSUM scheme. While Component-A of the program remained unchanged, the MNRE has increased the original targets under Components-B and Component-C.