RENEWABLE ENERGY

Maharashtra: MSEDCL ups its price to woo solar power makers

In view of the poor response to its tender for buying 1,350MW solar power, state discom MSEDCL has increased the maximum price to attract producers. The company had floated tenders for buying 1,350MW with a cap of Rs3.15 per unit but got bids for only 5MW. Now it has increased the cap to Rs3.30 per unit and floated the tender again.

The developers will have to set up solar projects, including the transmission and distribution network, up to the delivery point at their own cost. It will also include acquiring necessary approvals, permits and clearances.

The projects would be selected regardless of the technology used in the solar modules and irrespective of whether they come with trackers or not.

The last date for bid submission is January 29, 2020, and both the technical and commercial bids will be opened on the same date.

All bidders must submit an earnest money deposit (EMD) of Rs1 lakh per MW of quoted bid capacity.

Source
ET Energy World
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