The Maharashtra State Power Generation Company Limited (MAHAGENCO) has floated a tender for the development of 250 MW of grid-connected solar projects at the Dondaicha Solar Park in Dhule, Maharashtra. The project will be constructed in three blocks of 75 MW, 125 MW, and 50 MW respectively. The project must be set up with a transmission network that is connected to the solar park pooling substation. Additionally, the developer must obtain the required approvals, permits, and clearances from the state government and local bodies for the construction of the plant. A ceiling tariff has been set by the MAHAGENCO at Rs 2.83 per kWh and will be valid for 25 years. Bidders will be required to submit a performance bank guarantee of Rs 1.5 million per MW quoted within 30 days of the letter of awards. The deadline for submission of bids is February 15, 2021.
Bidders must submit a single bid for the entire capacity and the project must report a capacity utilisation factor of at least 19 per cent. The developers are expected to keep generation within 10 per cent higher or 15 per cent lower than the declared CUF. The excess power will be bought by the MAHAGENCO at 75 per cent of the tariff specified by the power purchase agreement (PPA). The project must be completed within 15 months of the signing of the PPA. It must also achieve financial closure within 9 months of the signing of the PPA.
As of December 2020, Maharashtra has floated tenders for about 13.37 GW of utility-scale solar projects. In January 2021, the state launched its ‘Unconventional Energy Generation Policy’ where it laid out plans to set up 17.3 GW of transmission system-connected renewable power projects by 2025, including 12.9 GW of solar capacity.