Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 500 MW of wind-solar hybrid power on a long-term basis from grid-connected intrastate projects with an additional greenshoe option of up to 500 MW.

The last day to submit the bids is April 4, 2024. Bids will be opened on the same day.

The cost of the bidding documents is ₹25,000 (~$302) and the bid processing fee is ₹1.5 million (~$18,125).

Bidders will have to furnish an earnest money deposit of ₹1.1 million (~$13,291)/ MW.

Under this tender, a hybrid power project will mean a project comprising two components – one solar and one wind power project. The rated installed project capacity of either of the two components should be at least 33% of the contracted capacity.

The minimum project size of a single hybrid power project for inter-state projects should be 50 MW and above at one site, and for intra-state projects, it should be 10 MW and above at one site.

Hybrid power projects currently in progress, awaiting commissioning, or already commissioned but lacking a long-term power purchase agreement with any agency and selling power on a short-term or merchant basis are eligible for consideration under this tender.

The wind turbines used in the projects must be type-certified models listed in the Revised List of Models and Manufacturers issued by the Ministry of New and Renewable Energy (MNRE).

The solar photovoltaic modules used in the projects must be included in MNRE’s List-I under the Approved Models and Manufacturers of Solar Photovoltaic Modules.

The tender aims to endorse solely commercially established and operational technologies to mitigate technology risks and ensure the prompt initiation of power supply from the projects.

The bidders’ net worth must not be less than ₹11 million (~$132,919) as of the date at least seven days prior to the bid submission due date.

Bidders must furnish a certificate from chartered accountants certifying the net worth per MW of quoted capacity.

The minimum annual turnover of the bidders should be at least ₹8.22 million (~$99,327)/MW of the quoted capacity during the last financial year.

The internal resource generation capability in the form of profit before depreciation, interest, and taxes should be at least ₹1.64 million (~$19,817)/MW of the quoted capacity as of the last day of the previous financial year.

Bidders should have an approval letter from the lending institutions committing a line of credit for a minimum of ₹2.06 million (~$24,892)/MW of the quoted capacity toward meeting the working capital requirement of the project.

Last April, MSEDCL issued multiple tenders to develop solar projects of 615 MW in aggregate capacity split into four different regions of the state.

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