To procure 1 GW of solar energy, MSEDCL floats tender
POWER & RENEWABLE ENERGY

To procure 1 GW of solar energy, MSEDCL floats tender

A call for bids has been invited by the Maharashtra State Electricity Distribution Company (MSEDCL) for the purchase of 1,000 MW of solar energy from projects to be established in the state. The bids must be submitted by March 17, 2023 and the bids will be opened the same day. For the tender, MSEDCL has set a ceiling tariff of Rs 3.30/kWh.

Bidders will be required to pay a bid processing fee of Rs 10,000 along with 18% GST. They must also provide an earnest money payment of Rs 100,000/MW. The winning bidder would be required to provide a performance bank guarantee in the amount of Rs 500,000/MW within 30 days of the date the letter of award was issued and prior to the power purchase agreement being signed (PPA).

With the chosen bidders, MSEDCL will sign a power PPA that will last 25 years from the start of commercial operation. Any projects that are either in the process of construction, have not yet been commissioned, or have been commissioned but do not have a long-term PPA with any agency and have the ability to sell on a short-term or merchant project basis are eligible to submit a proposal.

The minimum and maximum capacities for each individual project are 2 MW and 10 MW, respectively. The project needs to be planned for electricity supply at MSEDCL's 11/22 kV level substation. To reduce technology risk and complete project commissioning on schedule, only commercially viable and operational technologies can be chosen. A bidder's net worth for the most recent fiscal year must be at least Rs 5.5 million/MW of the quoted capacity.

A bidder must have a minimum annual turnover of Rs 2.5 million/MW of the capacity that was quoted during the previous fiscal year. As of the final day of the preceding financial year, bidders must be able to generate internal resources in the form of Profit Before Depreciation, Interest, and Taxes for at least Rs 1 million/MW of the specified capacity.

A call for bids has been invited by the Maharashtra State Electricity Distribution Company (MSEDCL) for the purchase of 1,000 MW of solar energy from projects to be established in the state. The bids must be submitted by March 17, 2023 and the bids will be opened the same day. For the tender, MSEDCL has set a ceiling tariff of Rs 3.30/kWh. Bidders will be required to pay a bid processing fee of Rs 10,000 along with 18% GST. They must also provide an earnest money payment of Rs 100,000/MW. The winning bidder would be required to provide a performance bank guarantee in the amount of Rs 500,000/MW within 30 days of the date the letter of award was issued and prior to the power purchase agreement being signed (PPA). With the chosen bidders, MSEDCL will sign a power PPA that will last 25 years from the start of commercial operation. Any projects that are either in the process of construction, have not yet been commissioned, or have been commissioned but do not have a long-term PPA with any agency and have the ability to sell on a short-term or merchant project basis are eligible to submit a proposal. The minimum and maximum capacities for each individual project are 2 MW and 10 MW, respectively. The project needs to be planned for electricity supply at MSEDCL's 11/22 kV level substation. To reduce technology risk and complete project commissioning on schedule, only commercially viable and operational technologies can be chosen. A bidder's net worth for the most recent fiscal year must be at least Rs 5.5 million/MW of the quoted capacity. A bidder must have a minimum annual turnover of Rs 2.5 million/MW of the capacity that was quoted during the previous fiscal year. As of the final day of the preceding financial year, bidders must be able to generate internal resources in the form of Profit Before Depreciation, Interest, and Taxes for at least Rs 1 million/MW of the specified capacity.

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?