ACME, ReNew win 500 MW solar project in Maharashtra
POWER & RENEWABLE ENERGY

ACME, ReNew win 500 MW solar project in Maharashtra

ACME Solar Holdings and ReNew Solar Power won the Maharashtra State Electricity Distribution Company Limited (MSEDCL) solar auction to procure power from 500 MW of solar photovoltaic (PV) projects on a long-term basis.

ACME Solar Holdings won a capacity of 300 MW valuing Rs 2.42 kW per hour. Meanwhile, ReNew Solar Power won 200 MW valuing Rs 2.43 kW per hour.

The solar tender was oversubscribed by 3.5 GW and had received a great response from the bidders. In May, the state distribution company (DISCOM) had floated the tender to procure 500 MW of power from interstate or intrastate solar projects on a long-term basis.

MSEDCL officials said that the main reasons for such an enormous response are the absence of a ceiling tariff this time around, which was Rs 2.90 kW per hour prior. Lower earnest money deposit of Rs 400,000 per MW, which was Rs 500,000 per MW for Phase-V tender, and lower performance bank guarantee of Rs 800,000 per MW, which was Rs 1.4 million per MW for the earlier tender.

The tender of MSEDCL for the long-term procurement of power from 500 MW of intra-state grid-connected solar power tenders was undersubscribed earlier.

In the case of new solar projects, MSEDCL will enter into a power purchase agreement (PPA) to purchase solar power for 25 years from the listed commercial operation date with the selected bidders.

In May this year, a Tata Power subsidiary, TP Saurya, was announced as the winner for setting up 250 MW of grid-connected solar PV projects at the Dondaicha Solar Park in Dhule in Maharashtra State Power Generation Companies (MAHAGENCO) auction.

Image Source


Also read: ACME Solar enters deal with Brookfield Renewable for solar project

Also read: Acme Solar withdraws petition to cancel PPAs signed for Rajasthan projects

ACME Solar Holdings and ReNew Solar Power won the Maharashtra State Electricity Distribution Company Limited (MSEDCL) solar auction to procure power from 500 MW of solar photovoltaic (PV) projects on a long-term basis. ACME Solar Holdings won a capacity of 300 MW valuing Rs 2.42 kW per hour. Meanwhile, ReNew Solar Power won 200 MW valuing Rs 2.43 kW per hour. The solar tender was oversubscribed by 3.5 GW and had received a great response from the bidders. In May, the state distribution company (DISCOM) had floated the tender to procure 500 MW of power from interstate or intrastate solar projects on a long-term basis. MSEDCL officials said that the main reasons for such an enormous response are the absence of a ceiling tariff this time around, which was Rs 2.90 kW per hour prior. Lower earnest money deposit of Rs 400,000 per MW, which was Rs 500,000 per MW for Phase-V tender, and lower performance bank guarantee of Rs 800,000 per MW, which was Rs 1.4 million per MW for the earlier tender. The tender of MSEDCL for the long-term procurement of power from 500 MW of intra-state grid-connected solar power tenders was undersubscribed earlier. In the case of new solar projects, MSEDCL will enter into a power purchase agreement (PPA) to purchase solar power for 25 years from the listed commercial operation date with the selected bidders. In May this year, a Tata Power subsidiary, TP Saurya, was announced as the winner for setting up 250 MW of grid-connected solar PV projects at the Dondaicha Solar Park in Dhule in Maharashtra State Power Generation Companies (MAHAGENCO) auction. Image Source Also read: ACME Solar enters deal with Brookfield Renewable for solar project Also read: Acme Solar withdraws petition to cancel PPAs signed for Rajasthan projects

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000