MSEDCL invites bids for 500 MW of solar power in Maharashtra

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited bids to procure 500 MW of solar power from decentralised solar projects under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) program to be developed in Maharashtra. By 2022, the government is expected to solarize one million grid-connected agriculture pumps with individual capacities of up to 7.5 HP under Component C of the KUSUM programme. The bid submission deadline is January 24, 2022.

As per the tender guidelines, to participate in the bidding process, the developers must utilize solar panels made in the US, as well as solar cells and modules from the Approved List of Models and Manufacturers (ALMM). Further the bidders must submit Rs 100,000 per MW as an earnest money deposit. The winning bidder will have to furnish an amount of Rs 500,000 per MW as a performance bank guarantee two days prior to signing the PPA. The winning bidders will enter into power purchase agreements (PPAs) with MSEDCL to purchase solar power for 25 years from the solar power projects’ commercial operation date.

Earlier this month, MSEDCL floated separate tenders to procure 342 MW of energy from grid-connected intrastate wind projects and 300 MW from interstate and intrastate wind projects. The projects for the 342 MW wind power purchase will be selected through an e-bidding process followed by an e-reverse auction. The projects for the 300 MW wind power procurement will be selected regardless of technology.

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