Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 500 MW of power from intrastate grid-connected solar projects. The tender includes a greenshoe option of an additional 500 MW. Interested bidders must submit their offers online by March 17, 2023. Bids will be opened on the same day.
The successful bidder must submit an earnest money deposit of USD 4,831 (INR 400000)/MW and furnish a performance bank guarantee of 1.1 million USD 13,283)/MW. MSEDCL will enter into a power purchase agreement with the selected bidder for the purchase of power for 25 years from the scheduled commercial operation date.
Bidders must meet the following requirements
MSEDCL has outlined the following pre-conditions for bidders interested in the power purchase tender in Maharastra, India.
- Projects with a minimum capacity of 25 MW at a single location and a minimum bid capacity of 50 MW are eligible. Projects under construction, those not yet commissioned, and those without any long-term PPA with any agency will be considered, subject to certain conditions.
- Only commercially established and operational technologies can be used to minimize the technology risk and achieve the projects' timely commissioning. The net worth and minimum annual turnover of bidders should not be less than a million of the quoted capacity and 0.52 million of the quoted capacity, respectively.
- Additionally, bidders should have an in-principle approval letter from lending institutions committing a line of credit for a minimum of USD 10,615 (INR 8,79,000) of the quoted capacity toward meeting the working capital requirement.
- The responsibility of getting the grid connectivity will entirely be on the successful bidder, and the transmission of power up to the point of interconnection and energy accounting infrastructure will be the bidder's responsibility.
- Bidders must ensure that the modules to be used for the project should be from the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.
- The solar modules must be warranted for peak output wattage, which should not be less than 90% at the end of ten years and 80% at the end of 25 years from the commercial operation date of the project, according to the tender documents.
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