The Maharashtra State Electricity Distribution Corporation (MSEDCL) has invited bidders to procure electricity from 500 MW interstate or intrastate grid-connected solar power projects through long-term contracts.
The last day to bid is August 30, 2022.
Bidders must pay 25,000 for payment of tender documents and 300,000 as non-refundable bid processing fee. They must also submit a deposit amount of 472,000/MW of quoted capacity. The winning bidder must submit a quoted capacity of 1.3 million/MW as a performance bank guarantee.
For proposed or new solar projects, MSEDCL will enter into Power Purchase Agreements (PPAs) with selected bidders to purchase solar energy for a period of 25 years from the date of planned commercial operation. For existing projects, the term of use is 25 years from the date of the power purchase agreement.
The minimum project capacity for intrastate projects is 25 MW, and the minimum tender capacity for a single site is 50 MW. For interstate projects, the minimum project capacity for a single site is 50 MW and the minimum tender capacity is 50 MW.
The maximum bid capacity for a single bidder is 500 MW, subject to technical and financial criteria being met. Additionally, the project capacity will be a multiple of 25 MW for intrastate projects and 100 MW for interstate projects that exceed the minimum project capacity.
According to Mercom's India solar tender tracker, MSEDCL has tendered 19.8GW of solar projects.
