MSEDCL Issues Tender to Procure Power from 500 MW of Solar Projects
The last day to submit the bids is August 30, 2022
August 1, 2022
The Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure power from 500 MW inter or intra-state grid-connected solar power projects through long-term contracts.
The last day to submit the bids is August 30, 2022. The bid opening date will be announced later.
Bidders must pay ₹25,000 (~$319) towards the cost of bidding documents and ₹300,000 (~$3,791) as a non-refundable bid processing fee. They must also submit an earnest money deposit of ₹472,000 (~$5,965)/MW of quoted capacity. Successful bidders must submit ₹1.3 million (~$16,419)/MW of quoted capacity as a performance bank guarantee.
MSEDCL will enter into a power purchase agreement (PPA) with the selected bidders to purchase solar power for 25 years from the scheduled commercial operation date in the case of proposed or new solar projects. For existing projects, the tenure would be 25 years from the PPA execution date.
The minimum project capacity for intra-state projects will be 25 MW at a single location with a minimum bid capacity of 50 MW for projects. For inter-state projects, the minimum project capacity will be 50 MW at a single location with a minimum bid capacity of 50 MW.
The maximum bidding capacity for a single bidder is 500 MW, subject to satisfying the technical and financial criteria. Further, the project capacity will be in multiples of 25 MW for intra-state projects and 100 MW for inter-state projects beyond the minimum project capacity.
The net worth of the bidders for the financial year ended on March 31, 2021, must not be less than ₹10 million (~$126,301)/MW of the quoted capacity. Bidders must have a minimum annual turnover of ₹2.5 million (~$31,575)/MW of the quoted capacity during the previous financial year.
Bidders should have an internal resource generation capability in the form of Profit Before Depreciation, Interest, and Taxes (PBDIT) for a minimum of ₹1 million (~$12,630)/MW of the quoted capacity.
They should have a sanction letter from lenders for a minimum of ₹1.25 million (~$15,787)/MW of the quoted capacity toward meeting the working capital requirement.
The successful bidder must secure grid connectivity with the Maharashtra State Electricity Transmission Company.
The declared capacity utilization factor (CUF) should not be less than 19% over a year. The generator should maintain generation to achieve annual CUF within + 10% and ‐ 15% of the declared value until the end of ten years from the commercial operation date. The annual CUF should be a minimum of 17% and within +10% and ‐ 20% of the declared value of the annual CUF.
In June, MSEDCL invited bids to procure power from 500 MW of interstate or intrastate grid-connected solar projects on a long-term basis.
According to Mercom’s India Solar Tender Tracker, MSEDCL has floated tenders for 19.8 GW of solar projects.
Get the most relevant India solar and clean energy news.
RECENT POSTS
LATEST HEADLINES
Intra-State Sections of Evacuation Infrastructure for Renewables Delayed
Mar 24, 2023
EnBW Takes €2.4 Billion Final Investment Decision on Offshore Wind Project
Mar 24, 2023
India Missed 2022 Renewables Target as Rooftop Solar and Wind fell Short
Mar 24, 2023
Researchers Aim to Accelerate Delivery of Space-Based Solar Power to Earth
Mar 24, 2023
Regulator Directs Wind Energy Firm, MSEDCL, to Recompute Delayed Payment Charge
Mar 24, 2023
India added an impressive 2.5 GW open access solar capacity in 2022, registering a growth of 92% year-over-year (YoY), according to the 2022 Q4 & Annual Mercom India Solar Open Access Market Report. Karnataka emerged as the to...
March 23, 2023
Markets & Policy
Government Clarifies ALMM Enlistment Guidelines for Co-branded Solar ModulesThe Ministry of New and Renewable Energy (MNRE) has modified the Approved List of Models and Manufacturers (ALMM) guidelines and provided exceptions to broaden the qualification criteria for modules produced under agreements betwe...
March 24, 2023
C&I
In Bengaluru, a 100 kW Solar System Can Save C&I Entities ₹1 Million AnnuallyMercom India successfully concluded the C&I Clean Energy Meet 2023 in Bengaluru, where stakeholders in the solar sector and commercial and industrial entities converged to enthusiastically discuss the benefits of renewable ene...
March 24, 2023
Other
Gensol Acquires Solar Tracker Maker Scorpius for ₹1.35 BillionGensol Engineering, a part of solar engineering, procurement, and construction (EPC) company Gensol Group, has acquired India-based solar tracker manufacturer Scorpius Trackers for ₹1.35 billion ($16.4 million). Gensol said the ac...
March 23, 2023
Trending News
Technology
Researchers Find Solution to Manage Load in Solar PV & Storage Systems
February 28, 2023
February 27, 2023
February 24, 2023
January 17, 2023
Magazine
Latest News
The Ministry of New and Renewable Energy (MNRE) told the Parliamentary Standing Committee on Energy that the intra-state stretches of the Green Energy Corridor (GEC) have been delayed due to various reasons, including...
March 24, 2023
German electric utility company Energie Baden-Wuerttemberg (EnBW) has made its final €2.4 billion (~$2.6 billion) investment decision on He Dreiht, a major wind project in the German North Sea. The project has a capacity of 960...
March 24, 2023
The Parliamentary Standing Committee on Energy report has isolated underwhelming progress on rooftop solar and wind energy projects as the primary reason for India falling short of achieving its renewable energy capacity target...
March 24, 2023
Researchers at Northumbria University are studying ways of producing wireless electricity from space to Earth by harvesting the Sun’s energy. U.S.-based aerospace, defense, and information security organization Lockheed Martin...
March 24, 2023
The Maharashtra Electricity Regulatory Commission (MERC) recently directed Hindustan Petroleum Corporation (HPCL) and the Maharashtra State Electricity Distribution Company (MSEDCL) to recompute the delayed payment charge from...
March 24, 2023
The National Renewable Energy Laboratory (NREL) has devised a new way to produce perovskite solar cells that could speed its commercialization. Different layers are typically added sequentially to a conductive glass substrate to...
March 24, 2023
Saudi Arabia-based energy company ACWA Power has signed power purchase and investment agreements with National Electric Grid of Uzbekistan, and the Ministry of Investment, Industry, and Trade to develop new solar and battery...
March 24, 2023
The China Securities Regulatory Commission has approved the registration of CSI Solar, the engineering, procurement, and construction arm of solar module maker Canadian Solar, to issue an initial public offering (IPO). The...
March 24, 2023
Renewable capacity grew by 9.6% in 2022, adding a record 295 GW worldwide. This accounts for 83% of all power capacity added last year and brings the global renewable generation capacity to 3,372 GW by the end of last year, a...
March 24, 2023
The Ministry of New and Renewable Energy (MNRE) has modified the Approved List of Models and Manufacturers (ALMM) guidelines and provided exceptions to broaden the qualification criteria for modules produced under agreements...
March 24, 2023
Get the most relevant India solar and clean energy news.
POPULAR POSTS
Intra-State Sections of Evacuation Infrastructure for Renewables Delayed
Mar 24, 2023
EnBW Takes €2.4 Billion Final Investment Decision on Offshore Wind Project
Mar 24, 2023
India Missed 2022 Renewables Target as Rooftop Solar and Wind fell Short
Mar 24, 2023
Researchers Aim to Accelerate Delivery of Space-Based Solar Power to Earth
Mar 24, 2023
Regulator Directs Wind Energy Firm, MSEDCL, to Recompute Delayed Payment Charge
Mar 24, 2023
One-Step Coating Could Make Perovskite Solar Cells Commercially Viable
Mar 24, 2023
ACWA Power to Develop Solar and Energy Storage Projects in Uzbekistan
Mar 24, 2023