Bids invited for 487 MW of solar projects in Maharashtra under PM-Kusum programme

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited tenders for 487 MW of decentralised solar projects under Component A of the
PradhanMantriKisanUrjaSurakshaevamUtthanMahabhiyan (PM-KUSUM) programme in Maharashtra. The capacity of the solar projects would range between 500 kW to 2 MW. The ceiling tariff for the tender is Rs3.10 per kWh.

The bidders are required to submit an amount of Rs 100,000 per MW per project as the earnest money deposit. They are allowed to participate as individuals or a group of farmers, co-operatives, panchayats, farmer producer organisations, or water user organisations setting up the project on their lands. In case the bidders fail to arrange the equity needed to set up the projects, they may set up the project through a developer by signing a land lease agreement. The landowner will then get lease rent.

For a developer to set up the project on leased land, the company’s net worth should not be less than Rs 10 million per MW of the quoted capacity for the previous financial year. The bidders average annual turnover during the last financial year should be Rs 2.5 million per MW of the quoted capacity. The bidder’s internal resource generation capacity in the form of profit before depreciation, interest, and taxes should be at leastRs 1 million per MW of the quoted capacity as of the last date of the previous financial year.Additionally, the bidder is required to have an approval letter from the lending institution committing a line of credit for a minimum amount ofRs 1.25 million per MW of the quoted capacity towards meeting the capital requirement.

The winning bidder would be required to submit an amount of Rs 500,000 per MW as a performance bank guarantee within 30 days from the issuance of the letter of award. The successful bidder will also be responsible for transmitting power up to the interconnection point and energy accounting infrastructure. The bid submission deadline is September 17, 2021.

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