MSEDCL floats bids for 450 MW solar projects

The Maharashtra State Electricity Distribution Company (MSEDCL) has floated bids for 450 MW of power generated by solar projects in Maharashtra. MSEDCL has set a tariff ceiling of Rs 3.20/kWh. According to the tender guidelines, bidders must pay a processing fee of Rs 10,000/MW and 18 per cent GST. Also, they must also provide an earnest money deposit of Rs 100,000/MW.  The winning bidders will have to deposit a performance bank guarantee of Rs 500,000/MW before 30 days of signing the power purchase agreement (PPA). 

The MSEDCL will enter into PPAs with the selected bidders for a period of 25 years beginning with the commercial operation date of the solar projects. Only commercially established and operational technologies may be used to reduce risk and achieve timely commissioning. The project’s minimum individual capacity will be 1 MW, with a maximum capacity of 10 MW. The deadline for submitting bids online is January 30, 2023.

Recently in December 2022, the MSEDCL requested bids for the long-term procurement of 300 MW of wind power from intrastate wind power projects. MSEDCL will sign into a power purchase agreement (PPA) with the successful bidder for a period of 12 years beginning on the date when the PPA is executed.

Also, in the same month, Ayana Renewables and NTPC Renewable Energy bagged a tender from the 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.