Maharashtra State Electricity Distribution Company (MSEDCL) has issued bids to procure 550 MW of solar power from projects to be developed in Maharashtra.

The last day to submit the bids is January 16, 2023. Bids will be opened on the same day.

According to the terms of the bid, the tariff cap is set as ₹3.20 (~$0.039)/kWh.

The cost of bidding documents is ₹15,000 (~$181), and the processing fee is ₹10,000 (~$121).

The bidders are required to furnish an earnest money deposit of ₹100,000 (~$1,212)/MW of quoted capacity.

The individual project capacity must be between 1 MW and 10 MW.

Bidders should have a minimum net worth of ₹5.5 million (~$66,662)/MW in the last financial year. They must furnish a certificate from a certified chartered accountant attesting to their net worth.

Selected bidders must deposit a performance bank guarantee of ₹500,000 (~$6,060)/MW of allocated capacity 30 days before signing the power purchase agreement (PPA).

The PPA will be signed within one month of issuing the work order and will be valid for 25 years.

Bidders must have a minimum annual turnover of ₹2.5 million (~$30,297)/MW and internal resource generation capability to be measured in profit before depreciation interest and taxes of at least ₹1 million (~$12,119)/MW.

Further, a bidder must produce an in-principal sanction letter from a lending institution committing a line of credit for a minimum of ₹1.25 million (~$15,149)/MW to meet the project’s working capital requirement.

The project should be designed to deliver energy at 11 / 22 kV substations of MSEDCL.

The developers need to procure grid connectivity from MSEDCL.

They will bear the cost of evacuating the power up to the interconnection point and energy accounting infrastructure.

The declared capacity utilization factor (CUF) should be at least 19% per annum. The developer must maintain generation to achieve CUF in ±10 % of their declared value during the PPA duration.

The modules used in the project must be from the Approved mist of Approved List of Models and Manufacturers published by the Ministry of New and Renewable Energy

Recently, MSEDCL invited bids to procure 300 MW of solar power from decentralized solar projects of 500 kW to 2 MW under Component A of the KUSUM program.

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