The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has floated a tender to procure 1,250 MW of solar power from projects developed in various districts of Maharashtra. Individual capacity per project should be a minimum of 2 MW and a maximum of 10 MW. Within 12 months of receiving the letter of award, the project must be commissioned. The ceiling tariff for the tender has been set at Rs 3.10 per kWh. The bid submission deadline is November 25, 2021.
As per the tender guidelines, The winning bidder will be required to provide a performance bank guarantee in the amount of Rs 500,000 per MW of the stated capacity within 30 days of the receipt of the letter of award. From the commencement of commercial operation of the solar power projects, MSEDCL will engage into power purchase agreements (PPAs) with the selected bidders for a period of 25 years. The project should be constructed to distribute energy at MSEDCL’s level 11/22 kV substation. The winning bidder would be solely responsible for establishing grid connectivity with MSEDCL.
In July 2021, ACME solar and ReNew Solar were the announced winners for MSEDCL solar power auction for a capacity of 500 MW. This was part of MSEDCL’s Phase VI of solar tenders. ACME was allotted a capacity of 300 MW, while ReNew was allotted 200 MW for development. While the former bid a tariff of Rs 2.42 per kWh, the latter put forward a tariff of Rs 2.43 per kWh. The winning bidders will enter into a long-term PPAs for a duration of 25 years with MSEDCL.