ACME Solar Holdings and ReNew Solar Power are the winners of the 500 MW of Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) Tender.
In May this year Maharashtra State Electricity Distribution Company (MSEDCL) has invited logn term bids for procurement of 500 MW of Solar Power (Phase VI) through tariff based bidding process on e-Bidding portal as per the guidelines issued by Govt of India to mitigate renewable purchase obligation (RPO).
The tender had received a strong response from the bidders and was oversubscribed by 3.5 GW.
Power Makes Pvt. Ltd, CIL, Orient Power, MSRDC, Mahagenco, Azure, O2, NTPC, Tata and Avaada was the bidders who had quoted for the tender other then ACME and ReNew.
ACME Solar has won 300 MW at Rs.2.42/unit and ReNew bagged 200 MW at Rs.2.43/unit. Both the winner will enter into 25 year PPA with MSEDCL for supply of power.
ACME, has recently announced closure of a deal with Brookfield Renewable, a global owner and operator of renewable power assets, to build a 450 MWp Solar Project in Rajasthan. The solar project includes a 25-year power purchase agreement with MSEDCL. Through this project, they will provide clean & green electricity to over a million households. It is also expected that the project will provide jobs for over 450 people during its construction phase and 150 people while its operating.