MSEB Solar Agro Power (MSAPL), a wholly-owned subsidiary of Maharashtra Electricity Board MSEB Holding Company, has invited bids to procure 130 MW solar power for feeder level solarization under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) program.

The projects will be developed under the state’s Mukhyamantri Saur Khushi Vahini program.

The last date to submit the bids is February 27, 2024. Bids will be opened on the same day.

Bidders must pay a refundable processing fee of ₹2,500 (~$30.09) and a document fee of ₹25,000 (~$301).

They must also submit an earnest money deposit of ₹100,000 (~$1,204)/MW of the quoted capacity. The successful bidder must submit a performance bank guarantee of ₹5 million(~$60,196)/MW.

The Maharashtra government intends to develop decentralized solar projects with a cumulative capacity of 7,000 MW. The current bid is a proposed solar power project with a capacity of 130 MW consisting of multiple units. The government has earmarked revenue land parcels of 591 acres, which have been leased to MSAPL.

The successful bidder will acquire 100% of the equity share in the project special purpose vehicle, along with related assets and liabilities. It will also be responsible for undertaking ownership, financing, development, design, engineering, procurement, construction, commissioning, operation, and maintenance of the pro and evacuation infrastructure up to the delivery point.

If Maharashtra State Electricity Distribution Company (MSEDCL) is able to identify, before the due date, any new substations in the region of Parbhani that will be eligible for interconnection at 11 kV / 22 kV / 33 kV voltage level of substations, MSEDCL may decide to purchase additional solar power up to 1 MW.

The net worth of the bidders for the last three fiscal years must not be less than ₹10 million (~$120,302).

Bidders must furnish either proof of a minimum annual turnover of ₹2.5 million (~$30,094)/MW or internal resource generation capability in the form of profit before depreciation interest and taxes for an amount of ₹1 million (~$12,039)/MW.

They must have also commissioned or have an operational solar capacity of a minimum of 250 MW. If the quoted project capacity is less than that, then the operational capacity will be 100 MW.

Recently, the MSEB subsidiary floated a tender to procure 141 MW of solar power under Component C of the PM KUSUM program for feeder-level solarization.

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