The Maharashtra State Electricity Distribution Company Limited (MSEDCL) had invited bids to procure power from 500 MW of interstate or intrastate grid-connected solar projects on a long-term basis.
The last date to submit the bids is June 4, 2021, and bids will be opened on June 8. Interested bidders will have to submit an amount of ₹400,000 (~$5,414)/MW as the earnest money deposit. The successful bidders will have to furnish ₹800,000 (~$10,829)/MW as a performance bank guarantee with a validity period of seven months.
MSEDCL will enter into a power purchase agreement (PPA) with the selected bidders to purchase solar power for 25 years from the scheduled commercial operation date in the case of proposed or new solar projects. For existing projects, the time frame would be 25 years from the date of execution of the PPA.
As per the tender document, only commercially established and operational technologies must be used for the projects to curtail the technology risks and ensure the projects’ timely commissioning.
Projects under construction, those not yet commissioned, and those already commissioned but without any long-term PPA with any agency will be considered.
The bidder will also have to ensure that the technology adopted is commercially established and the modules are enlisted in the Ministry of New and Renewable Energy’s (MNRE) ‘Approved List of Models and Manufacturers’ issued in March.
The bidder should submit the bid considering the impact of the imposition of the basic customs duty on solar cells and modules as per the MNRE notification.