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MSEDCL Invites Bids For Procuring Solar Power From 865 MW Projects

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The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has requested proposals for the acquisition of 865 MW solar power from Maharashtra-based projects to be developed through a competitive bidding procedure. The last date for submitting online bids is February 28, 2022.

Successful bidders must create ground-mounted solar PV power plants with the capacity specified in the bidding procedure.

As per the tender document, the pre-bid meeting will be held online on February 8th, and the technical bid opening date is February 28th, 2022, while the financial bid opening date will be communicated to qualified bidders later.

The tender document specifies the ceiling pricing has been set at Rs 3.10 per unit. The RfS Document cost and Processing fees are Rs 15,000 and Rs 10,000, respectively, on both of which 18% GST will be levied, are payable online, and are non-refundable.

Earnest Money Deposit (EMD) is Rs 1 lakh, valid for 6 months from the bid submission deadline, and Performance Bank Guarantee (PBG) is Rs 5 lakh per MW, payable within 30 days of the date of issue of Letter of Award (LoA) and prior to the signing of PPA, with a validity period of 14 months from the date of issuance of LoA.

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A Bidder may submit bids for developing the projects using solar PV technology (Solar PV ground mount Project), with a minimum individual project capacity of 2 MW and a maximum project capacity of 10 MW. The total capacity that will be installed is 865 MW.

To participate in the bidding process, the bidder’s net worth for the fiscal year ended 31.03.2020 must be greater than INR 0.55 crores per MW of capacity mentioned in the bids for solar projects. During the preceding fiscal year 2019-2020, the bidder must have a minimum annual turnover of Rs. 25 lakhs per MW of the specified capacity.

The selected bidder will establish the Solar PV Power Project(s), as well as the transmission/distribution network. At the time of bid submission, the Bidder must designate 100% of the land necessary for the project. 

However, the Bidder shall be permitted to change the location once before signing the PPA, as well as once until the time of Financial Closure, which shall occur within 6 (six) months of the date of issuance of the LoA.

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