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Daily News Wrap-Up: MIEPL Wins SECI’s 4.12 MW Solar Auction


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					</table><p>Multi Infrastructure &amp; Engineering (MIEPL) <a href="https://www.mercomindia.com/multi-infrastructure-engineering-wins-secis-4-12-mw-solar-auction" target="_blank" rel="noopener">won</a> the Solar Energy Corporation of India’s auction to set up a cumulative 4.125 MW solar power project at IIT Kharagpur, West Bengal. The tender was floated in December 2024. MIEPL must complete the project in 270 days. The project’s cumulative capacity includes 2,900 kW rooftop, 1,000 kW ground-mounted, and 225 kW elevated structure systems. MIEPL must use modules from the Approved List of Models and Manufacturers.</p>
<p>The Telangana Electricity Regulatory Commission <a href="https://www.mercomindia.com/telangana-approves-procurement-of-4-gw-solar-power-under-pm-kusum" target="_blank" rel="noopener">approved</a> the procurement of 4,000 MW of solar power and the associated power purchase agreements from projects under Component-A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM). The case stemmed from the Southern and Northern Power Distribution Company of Telangana filing a petition seeking approval to procure 4,000 MW of solar power under Component-A of the PM-KUSUM program for 25 years.</p>
<p>The Tamil Nadu Electricity Regulatory Commission <a href="https://www.mercomindia.com/tnerc-approves-%E2%82%B90-10-additional-surcharge-for-open-access-power-consumers" target="_blank" rel="noopener">approved</a> an additional surcharge of ₹0.10 (~$0.00117)/kWh for open access consumers procuring power from sources other than the Tamil Nadu Power Distribution Corporation (TNPDCL), including third-party sellers and power exchanges. Effective from April 1, 2025, to September 30, 2025, the surcharge applies to the actual energy drawn and aims to address TNPDCL’s stranded capacity and recover its fixed costs.</p>
<p>Mahasamruddhi Renewable Energy, a special-purpose vehicle of the Maharashtra State Road Development Corporation, <a href="https://www.mercomindia.com/mahasamruddhi-invites-bids-for-purchase-of-164-mw-solar-power" target="_blank" rel="noopener">invited</a> bids for the long-term purchase of 164 MW of solar power under open access from its projects along a highway connecting Mumbai and Nagpur. Bids must be submitted by May 23, 2025. Bids will be opened on May 26. The scope of work includes purchasing power from MREL’s solar projects under long-term open access, managing all associated formalities and charges, and adhering to the PPA terms.</p>
<p>The Jharkhand Renewable Energy Development Agency <a href="https://www.mercomindia.com/jharkhand-issues-rate-contract-tender-for-om-of-3-9-mw-solar-projects" target="_blank" rel="noopener">invited</a> bids for rate contracts to select agencies for the comprehensive operation and maintenance of a cumulative 3.9 MW of rooftop solar power projects for five years. The last date to submit bids is May 14, 2025.  Bids will be opened on May 16. The scope of work comprises the operation and maintenance of 297 solar systems for five years. It also includes a five-year servicing and replacement guarantee for parts and components such as batteries, electronics, inverters, solar modules, and other hardware. The batteries must be warranted for at least five years.</p>
<p>Electric two-wheeler company Ather Energy’s ₹31 billion (~$363.92 million) initial public offering (IPO) was <a href="https://www.mercomindia.com/ather-energys-%E2%82%B931-billion-ipo-oversubscribed-by-1-43-times" target="_blank" rel="noopener">oversubscribed</a> 1.43 times at the end of the bidding window on April 30, 2025. The price band was set at ₹304-₹321 (~$3.56-$3.76) per equity share. The IPO saw bids for shares exceeding the shares on offer. It had an issue size of 53.36 million shares. Retail investors led the demand, with a subscription rate of 1.78, followed by qualified institutional buyers at 1.7. The non-institutional investors’ portion was subscribed 0.66 times, and the employees’ portion 5.43 times.</p>
<p>Japan-based multinational electronics manufacturer Panasonic <a href="https://www.mercomindia.com/panasonic-exits-solar-and-battery-storage-business" target="_blank" rel="noopener">discontinued</a> its solar and battery storage business. “We have made the decision to discontinue our solar and battery storage business line. This change allows us to focus on areas where we can have the greatest strategic impact,” Panasonic said on its website. Despite this closure, the company has emphasized its commitment to a smooth transition, assuring continued customer support for existing and future installations.</p>
<p>U.S.-based solar module manufacturer First Solar <a href="https://www.mercomindia.com/first-solar-misses-eps-expectations-in-q1" target="_blank" rel="noopener">reported</a> a revenue of $844.57 million in the first quarter of 2025, a 6.4% year-over-year increase from $794.11 million. The revenue was in line with analysts’ expectations. The decrease in revenue was primarily due to an anticipated seasonal reduction in the volume of modules sold. The company lowered its sales guidance for the remainder of 2025 due to new tariffs and ongoing policy uncertainties. Its earnings per share came in at $1.95 compared to $2.20 in the same quarter the previous year. The EPS missed expectations by $0.52.</p>



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					</table><p>Multi Infrastructure &amp; Engineering (<a href="http://www.miepl.ind.in/" target="_blank" rel="noopener">MIEPL</a>) has won the Solar Energy Corporation of India’s (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) auction to set up a cumulative 4.125 MW solar power project at IIT Kharagpur, West Bengal.</p>
<p>The tender was <a href="https://www.mercomindia.com/seci-floats-tender-for-4-12-mw-solar-power-projects-in-iit-kharagpur" target="_blank" rel="noopener">floated</a> in December 2024. MIEPL must complete the project in 270 days.</p>
<p>The project’s cumulative capacity includes 2,900 kW rooftop, 1,000 kW ground-mounted, and 225 kW elevated structure systems.</p>
<p>MIEPL must use modules from the Approved List of Models and Manufacturers.</p>
<p>The company will set up grid-connected rooftop solar systems consisting of solar arrays, module mounting structures, power conditioning units with maximum power point trackers, inverters, controls, protections, interconnect cables, junction boxes, distribution boxes, and switches.</p>
<p>It will install the solar systems without a battery. MIEPL will also provide operation and maintenance for 25 years.</p>
<p>Solar modules used in grid-connected solar systems must have a minimum peak output wattage of 90% at the end of 10 years and 80% at the end of 25 years.</p>
<p>Each solar module must use a radio-frequency identification tag. In case of an energy supply shortfall, MIEPL will be levied liquidated damages at 50% of the tariff.</p>
<p>SECI had also mandated using commercially established and operational technologies to minimize technology risks and achieve timely project commissioning.</p>
<p>Recently, SECI <a href="https://www.mercomindia.com/seci-tenders-6-25-mw-rooftop-solar-projects-in-six-states" target="_blank" rel="noopener">issued</a> a request for selection to develop grid-connected rooftop solar projects with a cumulative capacity of 6.25 MW. These projects will be implemented on a build-own-operate basis.</p>
<p>SECI also <a href="https://www.mercomindia.com/seci-floats-tenders-for-4-55-mw-rooftop-solar-projects-in-five-states" target="_blank" rel="noopener">invited</a> bids for the engineering, procurement, and construction of 4.55 MW of grid-connected rooftop solar projects at multiple educational institutions across Bihar, Chhattisgarh, Sikkim, Assam, and Manipur.</p>
<p>In March this year, the Central Electricity Regulatory Commission <a href="https://www.mercomindia.com/central-commission-approves-tariff-for-secis-1-2-gw-solar-projects" target="_blank" rel="noopener">approved</a> SECI’s petition to adopt a tariff for 1,200 MW interstate transmission system connected solar projects with 600 MW/1,200 MWh energy storage systems. The approved tariff ranges between ₹3.41(~$0.039)/kWh and ₹3.42(~$0.04)/kWh.</p>


Multi Infrastructure & Engineering Wins SECI’s 4.12 MW Solar Auction

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