MSEDCL Floats Tender to buy 1000 MW Grid-Connected Solar Power

Setting a ceiling tariff of Rs 2.80 per kilowatt per hour, the distribution company will sign a power purchase agreement for a period of 25 years with the successful bidder.

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has floated a tender for purchasing electricity from 1,000 MW grid-connected solar photovoltaic power projects on a long term basis.

Setting a ceiling tariff of Rs 2.80 per kilowatt per hour, the distribution company will sign a power purchase agreement for a period of 25 years with the successful bidder.

Last date for bid submission, as mentioned in the document is January 3, 2019. While the technical bids will be opened on the same day, the eligible bidders will be informed about the date of financial bidding.

The earnest money to be deposited towards the project is Rs 6,00,000/MW. The bidding limited is from 5 MW to 50 MW factoring in the intra-state and inter-state bidders.

Projects that are under construction, or un-commissioned,  or such projects which do not have a long term PPA, or duty-discharging liability shall also be considered eligible.

A net worth of Rs 55 Lakh for the year ended March 31, 2018 is needed as the financial eligibility for the bidding.

Taking massive steps towards going solar, Maharashtra government is continuously issuing tenders for solar projects in the state.

Earlier in August, MAHAGENCO had invited tenders to set up 200 MW capacity across Maharashtra, issuing a tender of 50 MW each.

Also in August, MAHAGENCO floated tenders for 110 MW grid Interactive Solar PV power plant which is to be developed at various locations of Tembhu, Tal. Karad, Dist. Satara to cater the load of Tembhu lift irrigation scheme on boot basis.