MSEDCL floats bids for 230 MW solar projects in Maharashtra

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has requested bids for 230 MW of solar power from state-developed projects. MSEDCL has set a ceiling tariff of Rs 3.30 per kWh. According to the tender guidelines, the bidders must pay a processing fee of Rs 10,000 per MW plus 18 per cent GST and an earnest money deposit of Rs 100,000 per MW of the quoted capacity. Also, the successful bidder is required to provide a performance bank guarantee of Rs 500,000 per MW within 30 days of the letter of award and before signing the power purchase agreement (PPA). 

The project must be started within 12 months of receiving the award letter. MSEDCL intends to develop these projects of various capacities in 87 locations across 21 districts in Maharashtra. MSEDCL will sign PPAs with the selected bidders for a period of 25 years beginning with the commercial operation of the solar power projects. The minimum and maximum individual project capacity must be 2 MW and 10 MW respectively. The bid submission deadline is December 16, 2022. 

Recently in October 2022, MSEDCL floated bids for the long-term procurement of energy generated from 500 MW of grid-connected intrastate solar power projects (Phase IX).