MSEB Solar Agro Power (MSAPL), a wholly owned subsidiary of Maharashtra State Electricity Board (MSEB Holding Company), has floated a tender for procurement of solar power under Component C of Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program.

The projects will be developed under Phase 2 of the Mukhyamantri Saur Krushi Vahini Yojana program.

The last day for the submission of bids is February 16, 2024.

A project shall consist of a group of units, and the aggregate capacity of a project bid must be at least 50 MW.

The successful bidder will be responsible for securing financing and overseeing the development, design, engineering, procurement, construction, commissioning, operation, and maintenance of the units.

Bidders must acknowledge that a maximum tariff of ₹3.10 (~$0.037)/kWh will be applied, both at the unit level and the project level.

Bidders must furnish a processing fee of ₹2,500 (~$30)/ MW and a document cost of ₹25,000 (~$300).

They must also submit an earnest money deposit of ₹100,000 (~$1,203)/ MW of the quoted capacity.

Selected bidders must submit a performance bank guarantee of ₹500,000 (~$6,015)/ MW of the quoted capacity.

If Maharashtra State Electricity Distribution Company (MSEDCL) is able to identify, before the bid due date, any new substations in the region of Latur that will be eligible for interconnection at 11 kV / 22 kV / 33 kV voltage level of substations, it may decide to purchase an additional 57 MW of solar power.

Bidders must have commissioned or have an operational solar capacity of at least 250 MW if the quoted capacity is more than 200 MW. If the quoted capacity is less than 200 MW, the requirement will be 100 MW.

They must have a net worth of ₹10 million (~$120,302) for the last three financial years. The net worth of the last three financial years should be positive.

Bidders must have a minimum annual turnover of ₹2.5 million (~$30,076)/MW during 2022-2023. They must possess internal resource generation capability in the form of profit before depreciation interest and taxes for an amount that shall be calculated at the rate of ₹1 million (~$12,030)/MW.

Foreign investment funds can qualify if the asset under management is worth at least ₹10 billion (~$120.3 million) and if they have minimum investible funds of at least ₹5 billion (~$60.15 million).

MSEB Solar Agro Power had also invited bids to procure 366 MW of solar power under Component C of the PM KUSUM program.

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