RENEWABLE ENERGY

Maharashtra retenders 1350 MW ground-mount solar projects

Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has invited bids to set up an aggregate 1350 MW (AC) capacity of ground-mounted solar projects across the state for providing day time power to agricultural consumers under Mukhyamantri Solar Ag Feeder Scheme.

The projects shall be awarded through competitive bidding process followed by reverse auction. Ceiling tariff is fixed at Rs 3.30 per unit. MSEDCL shall sign power purchase agreement (PPA) with the successful bidders for a period of 25 years, at a tariff discovered through the auction.

To be eligible, the bidder should have a net worth of minimum Rs 5.5 million per MW of the capacity quoted, and a minimum annual turnover of Rs 2.5 million/MW of the capacity quoted, during the financial year 2018-19. Read More

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