MSEDCL Tenders For 1 GW Solar Power to Fulfil RPO Commitments

By Ayush Verma/ Updated On Fri, Jun 7th, 2019

MSEDCL has issued an RfS, seeking bids from eligible bidders for the procurement of 1 GW of solar power on a long-term basis from grid-connected projects.

MSEDCL 1 GW Solar Power

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a Request for Selection (RfS), seeking bids from eligible bidders and projects for the procurement of 1 GW of solar power on a long-term basis from grid-connected projects.

The state distribution company plans to meet its renewable purchase obligation (RPO) and future power needs, by purchasing the solar power from these projects. The discom has set a ceiling tariff of Rs 2.80/kWh for procuring the power and it will sign a power purchase agreement (PPA) for 25 years with the selected operators/developers.

The last date for bid submission is July 9, 2019, and the techno-commercial bids will be opened on the same date. A pre-bid meeting has been scheduled for June 19, 2019, to address the concerns raised by prospective bidders. The price bids will be opened on July 10, 2019. All bidders must submit an Earnest Money Deposit of Rs 5 lakhs along with their bids as a bid security amount.

The RfS document states that for intra-state projects, the minimum bidding capacity must be a minimum of 5 MW. In case of import of energy during a month, payment must be made to the MSEDCL in line with the stipulated rates. And for inter-state projects, the minimum bidding capacity has been fixed at 50 MW, and all related transmission charges and losses are to be borne by the selected bidder.

The bidders will be free to avail fiscal incentives like accelerated depreciation, concessional customs and excise duties, tax holidays, and benefits from trading carbon credits. And the successful bidder is expected to attain financial closure within nine months from the date of signing the PPA.

For more information click here.

Recently, NTPC invited online bids from eligible bidders for selection of end users (Government Entities / CPSUs / State PSUs) for the supply of power from 1000 MW Grid-Connected solar PV power projects under DCR Category as per CPSU Scheme Phase II.