MERC nods tariff of Rs 3.10 per kWh to source 117 MW of solar power

The Maharashtra Electricity Regulatory Commission (MERC) has granted approval to a tariff of Rs 3.10 per kWh for the purchase of 117.5 MW of solar power. The commission stated that the power generated by these projects will be qualified for meeting the Maharashtra State Electricity Distribution Company’s (MSEDCL) solar renewable purchase obligation requirements. It further ordered the parties to sign the power purchase agreement within 30 days.

Recently, in April 2023, Maharashtra State Power Generation Company floated bids for installing and commissioning a 62 MW grid-connected solar power project with the associated high-tension overhead transmission line, underground cable, and electrical equipment in Akola, Maharashtra. According to the tender guidelines, bidders will have to submit Rs 6.2 million as an earnest money deposit. Also, the successful bidder must furnish an amount equivalent to 10 per cent of the contract value as a performance bank guarantee within seven days from the date of the issuance of the letter of award.

In February 2023, The Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids for 250 MW of decentralised solar projects under component-A of the state’s Pradhan Mantri-Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme. MSEDCL has set a tariff ceiling of Rs 3.30 /kWh.  The central government intends to establish 10,000 MW of grid-connected solar power projects with individual project sizes up to 2 MW under Component A of the PM-KUSUM programme.