Maharashtra's 6600 MW power tender under regulatory scrutiny

02 Jul 2024 CW Team

The Maharashtra State Electricity Distribution Company (MSEDCL) has issued a 6,600 MW tender for long-term power procurement, now under review by the Maharashtra Electricity Regulatory Commission (MERC). MSEDCL applied for approval for deviations in the standard bidding documents, but MERC, in a June 25 order, questioned why this approval was not sought before the bidding process began. MERC directed MSEDCL to quantify how the proposed deviations benefit consumers.

In March, MSEDCL issued a tender for 1,600 MW of thermal power and 5,000 MW of solar power in Maharashtra, just before the model code of conduct for the Lok Sabha elections was enforced. The power procurement is intended to meet the demand for 2033-34, a decade from now.

MERC's order required MSEDCL to clarify whether the early commissioning, starting in 2 to 4 years, would result in any stranded capacity. The regulator also sought confirmation that MSEDCL had secured sufficient power to meet projected demand before 2033-34. Additionally, MERC asked MSEDCL to explain the rationale for combining solar and thermal power procurement from a single entity and whether future thermal power procurements would follow this approach.

According to sources, MSEDCL aims to finalize the tender by July, before the state election code of conduct is issued for the October 2024 elections. An industry source indicated that projects of this magnitude would need around Rs 400 billion in investment. Interested parties must secure offers from equipment suppliers, arrange financing, and procure essentials such as land, water, and transmission for participation in the tender.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..