MSEB Subsidiary Floats Tender to Procure 133 MW of Solar Power Under KUSUM

The last day to submit the bids is February 27, 2024


MSEB Solar Agro Power (MSAPL), a wholly owned subsidiary of Maharashtra State Electricity Board MSEB Holding Company, has invited bids to procure 133 MW of solar power for feeder level solarization under Component C of Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program, in Latur.

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

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

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).

MSAPL has entered into land lease agreements with the Maharashtra government, securing 1,686 acres of revenue land. The yearly sub-lease fee for this revenue land is set at ₹1 (~$0.012) per hectare.

In the event that bidders prefer private land, MSAPL has curated a selection of available private land parcels on its portal. The minimum lease cost for these private lands is established at ₹125,000 (~$1,503) per hectare per year or 6% of the ready reckoner rate, whichever is higher. Additionally, there is a provision for an annual escalation of 3%.

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

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