MSEDCL floats bids for 500 MW solar projects

The Maharashtra State Electricity Distribution Company (MSEDCL) has floated bids for 500 MW of power from intrastate grid-connected solar projects, with an additional 500 MW greenshoe option. The last date to submit the bids online is March 17, 2023. According to the tender guidelines, the bidders must submit a bid processing fee of Rs 300,000. Also, they must also provide Rs 400,000 per MW as an earnest money deposit. The successful bidder will be required to provide a performance bank guarantee of Rs 1.1 million per MW.

MSEDCL will enter into a power purchase agreement (PPA) with the selected bidders for the purchase of power for 25 years from the scheduled commercial operation date for new solar projects, or for 25 years from the date the PPA is executed for existing solar projects. The minimum project capacity at a single location should be 25 MW, with a minimum bid capacity of 50 MW for projects.

Also, the bidders should ensure that the modules used for the project are from the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers. According to the tender documents, solar modules used for the project must be warranted for peak output wattage, which must be greater than 90 per cent after ten years and less than 80 per cent after 25 years from the project’s commercial operation date.

In December 2022, MSEDCL 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.