Amplus Energy Bids Lowest-Ever for MPUVNL’s RESCO Tender

Amplus Energy offered tariffs in the range of Rs 1.69 per unit to Rs 2.71 per unit with a record low of Rs 1.69 per unit for the 5.2 MW aggregate capacity for the State Municipal Corporations.

Amplus Energy Solutions has emerged as a front runner by winning 10.25 megawatts (MW) of solar rooftop plant auctions out of the 35 MW projects bid-out by MPUVNL.

The tariffs offered are in the range of Rs 1.69 per unit to Rs 2.71 per unit with a record low of Rs 1.69 per unit for the 5.2 MW aggregate capacity for the State Municipal Corporations.

Amplus shall be installing projects at over 20 sites comprising of water pumping stations, water filteration, water treatment plant in Gwalior as well as Govt Medical Colleges and private institutions like Jawaharlal Nehru Cancer Hospital, Bhopal and Jaypee University of Engineering Technology, Guna and APJ Abdul Kalam University, Indore.

The bid which was conducted by the Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for 35 MWp solar rooftop projects across Madhya Pradesh received great interest by domestic and international companies, over 30 companies participated in the tender.

The proactive measures from MP Government, investor friendly terms along with the professional and timely conduct of bid presented a great opportunity under the RESCO model.

Further, World bank’s technical support to MPUVNL to create data centre for the bidding brought in transparency and has made the flow of the bid process smooth.

Earlier in April, the govt of Madhya Pradesh and World Bank signed a 210 million-dollar loan agreement to strengthen the rural connectivity of the state. The vision of the MP govt to implement 2200 MWp of rooftop solar projects is in line with GOI’s target to achieve 40 GW by 2022 and is a step in that direction.

“The innovative structuring of this bid process for rooftop projects indeed provides a great framework for all government rooftop bids going forward. We expect to quickly implement these projects and start providing the benefits of economical green energy to the consumers in Madhya Pradesh” said Sanjeev Aggarwal, CEO & MD, Amplus Energy Solutions.