Six Bidders Win 1 GW Floating Solar Project for Ujjani Dam

These players won the contract for different capacities at tariffs of Rs 2.71 and Rs 2.72 per unit.

Mahadiscom Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has awarded the 1 GW of floating solar capacity on the Ujjani Dam to six bidders, including Tatas, Azure Power and Acme Solar out of twenty-five bidders.

These players won the contract for different capacities at tariffs of Rs 2.71 and Rs 2.72 per unit, said the industry sources involved in the tendering process.

Further, the state utility MSEDCL had kept the reserve tariff at Rs 2.95 per unit.

However, small players such as JLTM Energy India and Mahoba Solar quoted Rs 2.71 per unit to set up the 20 MW and 200 MW projects respectively.

Besides, established players quoted Rs 2.72 per unit such as ReNew Solar Power to develop a 250 MW project, Acme Solar Holdings for 250 MW, Tata Power Renewable Energy for 150 MW and Azure Power India for 130 MW.

In April, state utility MSEDCL had floated tenders for setting up of floating photovoltaic (PV) panels on the Ujjani Dam located in Solapur district to generate solar energy worth 1 GW, mainly to meet its solar renewable purchase obligation (RPO).

As per the project terms, the power purchase agreement (PPA) will be valid for 25 years.

Source: PTI