The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a request for proposals to develop 1,000 MW grid-connected solar project. The project will be located anywhere in India.
According to the tender guidelines, the bidders are required to submit Rs 800,000 per MW as an earnest money deposit. Before the signing of power purchase agreement (PPA), the developer is required to furnish Rs 2 million per MW as a performance bank guarantee. To purchase solar power from new or existing projects, MSEDCL will enter into a 20 year PPA with winning bidders. The bid submission deadline is April 3, 2024.
Furthermore, the bidders are required to submit a minimum and a maximum capacity of 50 MW and 1,000 MW, respectively. The developer will be responsible for bearing any wheeling charges or losses between the project and the delivery point. Only commercially proven technologies which are in line with Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers are allowed for implementation. Projects that are either completed or in the process of being completed, without a long-term PPA with any agency will also be given consideration for the tender. These projects must not have been approved under state or central programs and should not be obliged to distribute power to any other recipients. Foreign and Indian companies, along with bidding consortiums are allowed to take part in the tender.
In October 2023, Shakti Pumps announced that it has secured an order from MSEDCL for 50,000 off-grid solar photovoltaic pumps under component B of PM-KUSUM programme, phase III.
