Ayana Renewables and NTPC Renewable Energy bagged a tender from the Maharashtra State Electricity Distribution Company (MSEDCL) to procure 250 MW of flexible and schedulable power from grid-connected renewable energy projects. It also includes an energy storage facility. Ayana and NTPC won capacities of 150 MW and 100 MW respectively and had quotes of Rs 9 per kWh each.
The projects chosen in this tender will be eligible for two-part tariffs.The energy supplied during solar generation hours will be eligible for tariff of Rs 2.42/kWh. The applicable tariff under the power purchase agreement (PPA) will include tariffs for both solar and non-solar generation hours. It will be set for the duration of the PPA. If the generation exceeds 10 per cent of the declared annual capacity utilisation factor during any contract year, the successful bidders will be free to sell it to any other entity, but MSEDCL will have first right of refusal.This tender was issued in August 2022.
Recently in December 2022, the winners of the MSEDCL’s auction to source 500 MW of long-term power from Phase IX of grid-connected intrastate solar projects were announced. The winning companies include SolarArise, SJVN Green Energy, and Tata Power Renewable Energy.
Also, in November 2022, Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, received a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Corporation Limited (MSEDCL) to set up a 150 MW solar project at Solapur, Maharashtra. The LoA was bagged through a tariff-based competitive bidding followed by an e-reverse auction.
