MSEDCL Issues RFS For 250 MW Grid-Connected Storage

Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) has invited a Request for Selection (RfS) for the purchase of 250 MW of flexible and schedulable power through a competitive bidding process followed by an e-reverse auction from grid-connected renewable energy sources with an energy storage facility.

The last date for submitting the online bid is September 12, 2022, till 3:00 pm. The minimum bid capacity is 50 MW and the maximum bid capacity is 250 MW to be quoted by any of the bidders. 

For participating in this grid-connected rooftop solar tender bidding process, each interested bidder will have to pay Rs. 25,000/- plus 18% GST as the cost of the RfS document, which is non-refundable. Each interested bidder will also have to pay Rs. 3 Lakhs plus 18% GST applicable as a document processing fee which is also non-refundable. Bidders selected by MSEDCL based on this RfS shall submit a Performance Bank Guarantee (PBG) for a value of Rs. 35.4 Lakh/MW (inclusive of GST) to be submitted within 30 days from the date of issue of the Letter of Award. The awarded bidder will have to submit Rs. 8.85 Lakhs/MW as an earnest money deposit.  

Eligibility Criteria

The Net-Worth of the Bidder for the last financial year ended on 31.03.2021 shall not be less than INR 1.5 Crores/MW of the bid quantum for being eligible to participate in the bidding process. For meeting the above financial eligibility criteria, if the data is provided by the Bidder in a foreign currency, equivalent Indian Rupees of Net Worth will be calculated by the Bidder using the Reserve Bank of India’s reference rates prevailing on the date of closing of the accounts for the respective financial year

A minimum annual turnover of Rs. 1.02 crore/MW for the quoted capacity during the previous financial year i.e., FY 2020-21. It is hereby clarified that “Other Income” as indicated in the annual accounts of the Bidder shall not be considered for arriving at the annual turnover.

Internal resource generation capability, in the form of Profit Before Depreciation Interest and Taxes (PBDIT), shall be at least Rs. 20 Lakhs/MW of the quoted capacity, as of the last date of the previous financial year i.e., FY 2020-21.

In-principle sanction letter from the lending institutions/banks of the Bidder, committing a Line of Credit for a minimum amount of Rs. 25 Lakhs/MW of the quoted capacity, towards meeting the working capital requirement of the project quoted under this RfS. Such a letter can also be obtained by the Affiliate(s) of the Bidder.

Bidders can view/download this Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) Request for Selection for 250 MW grid-connected renewable energy Energy Storage Systems tender documents consisting of notice inviting tender, an invitation to bidders, scope of work, bidding documents, general terms and conditions of contract, erection conditions of contract, annexures, and technical specifications here.