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					</table><p>SJVN Green Energy (<a href="https://sjvn.nic.in/" target="_blank" rel="noopener">SJVN</a>), Megha Engineering &amp; Infrastructures (<a href="https://meil.in/" target="_blank" rel="noopener">MEIL</a>), and <a href="https://avaada.com/" target="_blank" rel="noopener">Avaada Energy</a> were amongst the winners of MSEB Solar Agro Power’s (MSAPL) auction to procure over 7 GW solar power under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) program.</p>
<p>The projects tendered by MSAPL, a wholly-owned subsidiary of Maharashtra State Electricity Board <a href="https://www.msebindia.com/en/home/" target="_blank" rel="noopener">MSEB Holding Company</a>, will be developed under the second phase of the Mukhyamantri Saur Krushi Vahini Yojana program.</p>
<p>SJVN won 1,352 MW capacity by quoting a minimum tariff of ₹3.02 (~$0.0365)/kWh and a maximum tariff of ₹3.10 (~$0.0374)/kWh. Megha Engineering won 1,880 MW with tariffs in the range of ₹3.08 (~$0.0372)/kWh and ₹3.10 (~$0.0374)/kWh, whereas Avaada Energy won 1,132 MW at ₹3.10 (~$0.0374)/kWh.</p>
<p>Maharashtra State Power Generation Company (<a href="https://mahagenco.in/" target="_blank" rel="noopener">MAHAGENCO</a>) won 1,071 MW at a maximum tariff of ₹3.10 (~$0.0374)/kWh.</p>
<p>The other winners are <a href="https://www.nacofoorja.com/index.html" target="_blank" rel="noopener">NACOF Oorja</a> (990 MW), <a href="https://www.torrentpower.com/" target="_blank" rel="noopener">Torrent Power</a> (306 MW), Integrated Induction Power (<a href="https://www.iiplindia.in/" target="_blank" rel="noopener">IIPL</a>) (302 MW), <a href="https://www.ril.com/" target="_blank" rel="noopener">Reliance Industries</a> (179 MW), and <a href="https://www.sunstreamglobal.com/" target="_blank" rel="noopener">Sunstream Green Energy</a> (100 MW).</p>
<p>A total of 7,783 MW was awarded during the auction.</p>
<p>The tariff range and the capacities bid by the winners are as mentioned in the table.</p>
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-64392" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/MSKVY-2-Program-Solar-Auction-Winners-Table.png" alt="MSKVY 2 Program Solar Auction Winners Table" width="837" height="393" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/MSKVY-2-Program-Solar-Auction-Winners-Table.png 837w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/MSKVY-2-Program-Solar-Auction-Winners-Table-300x141.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/MSKVY-2-Program-Solar-Auction-Winners-Table-768x361.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/MSKVY-2-Program-Solar-Auction-Winners-Table-650x305.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/MSKVY-2-Program-Solar-Auction-Winners-Table-624x293.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/MSKVY-2-Program-Solar-Auction-Winners-Table-600x282.png 600w" sizes="(max-width: 837px) 100vw, 837px" /></p>
<p>SJVN plans to develop a total of 1,352 MW capacity with a total investment of ₹74.36 billion (~$897.51 million) at various locations in the Nashik, Solapur, Ahmednagar, and Pune districts of Maharashtra.</p>
<p>Avaada Group will install the 1,132 MW solar power projects across 192 locations in 10 districts.</p>
<p>Torrent Power announced that it would deploy 306 MW capacity across 48 locations across Nasik district for an estimated cost of ₹15.4 billion (~$185.87 million).</p>
<p>The other winners who secured capacities less than 100 MW each include companies as well as individual entities, cumulatively accounting for 471 MW of the auctioned capacity.</p>
<p>The winners comprised 20 companies and 29 individual entities.</p>
<p>The scope of work for the selected developers includes ownership, financing, development, design, engineering, procurement, construction, commissioning, operation, and maintenance of the project, including the evacuation infrastructure up to the delivery point.</p>
<p>The tender has mandated the use of domestically manufactured modules listed on the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.</p>
<p>The modules must ensure a capacity utilization factor of 19%.</p>
<p>MSAPL has leased 1,686 acres of revenue land from the Maharashtra government under land lease agreements. The annual sub-lease rent for such revenue land will be ₹1 (~$0.012)/ hectare.</p>
<p>If bidders require private land, MSAPL has compiled a list of private land parcels available for lease on its portal. The base lease rent for such private lands will be ₹125,000 (~$1,503)/hectare/annum or 6% of the ready reckoner rate, whichever is higher, with a provision of 3% escalation annually.</p>
<p>If the developers intend to use any other land, they must lease or procure 100% of the required land for a period not less than the complete term of PPA on or before the scheduled commission date.</p>
<p>Recently, the Maharashtra State Electricity Distribution Company <a href="https://www.mercomindia.com/maharashtra-invites-bids-grid-connected-solar-projects" target="_blank" rel="noopener">invited</a> bids for the procurement of power on a long-term basis through a competitive bidding process from 5,000 MW grid-connected solar photovoltaic power projects.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender activity.</p>


SJVN, MEIL, Avaada Among Winners in Maharashtra’s 7.78 GW Solar KUSUM Tender


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					</table><p>Adani Energy Solutions, formerly known as <a href="https://www.adanitransmission.com/" target="_blank" rel="noopener">Adani Transmission</a>, has signed an agreement with <a href="https://meil.in/" target="_blank" rel="noopener">Megha Engineering and Infrastructures</a> to acquire KPS 1 Transmission (KPS1) at Khavda in Gujarat.</p>
<p>Adani Energy will buy 100% equity shares of KPS 1 at a face value of ₹10 (~$0.12) per share.</p>
<p>KPS 1 is a special-purpose vehicle created for the inter-state transmission project of the Ministry of Power to implement the KPS1-Khavda power substation gas-insulated switchgear 765 kV double circuit line and its augmentation.</p>
<p>REC Power Development and Consultancy handed over KPS1 Transmission to Megha Engineering in April 2023. The project was targeted to be implemented in 21 months.</p>
<p>Adani is among the developers of the 30 GW hybrid renewable energy project developed at Khavda in the Kutch district by the Gujarat Power Corporation.</p>
<p>Adani Energy recently <a href="https://www.mercomindia.com/adani-attains-financial-transmission-link-in-mumbai" target="_blank" rel="noopener">obtained</a> financial closure for its $1 billion Green High Voltage Direct Current link project in Mumbai. The company said the link would help enhance grid stability in Mumbai, where the electricity demand is projected to touch 5,000 MW by 2025, compared to the current peak demand of 4,000 MW.</p>
<p>Last December, Adani Transmission <a href="https://www.mercomindia.com/daily-news-wrap-up-adani-bags" target="_blank" rel="noopener">received</a> the Letter of Intent to acquire Karur Transmission. The project incorporated by PFC Consulting involves establishing a 2×500 MVA, 400/230 kV Karur Pooling Station line in line out of both circuits of Pugalur — Pugalur (HVDC) 400 kV DC line. ATL’s project execution will help evacuate renewable energy from the Karur-Tiruppur region. The estimated capital expenditure is more than ₹2 billion (~$26.67 million).</p>
<p>Recently, Adani New Industries, a wholly owned subsidiary of Adani Enterprises, <a href="https://www.mercomindia.com/adani-394-million-barclays-deutsche-bank-solar-manufacturing" target="_blank" rel="noopener">secured</a> a trade finance facility of $394 million from Barclays and Deutsche Bank to fulfill the working capital needs of their integrated solar module manufacturing facility.</p>
<p>Mundra Solar Energy, a step-down subsidiary of Adani Enterprises, <a href="https://www.mercomindia.com/adani-gets-seci-nod-solar-manufacturing-mundra" target="_blank" rel="noopener">received</a> the commercial operational date certificate from Solar Energy Corporation of India for a 2 GW solar cells and modules manufacturing facility at Mundra in Gujarat.</p>


Adani to Acquire Transmission Project to Evacuate Renewable Power in Gujarat

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