The auction held by the Maharashtra State Electricity Distribution Company (MSEDCL) to purchase 500 MW of power from Phase IX of grid-connected interstate solar projects was won by SJVN Green Energy, SolarArise, and Tata Power Renewable Energy (TPREL).
In October of this year, MSEDCL announced the tender to purchase 500 MW of solar energy on a long-term basis.
SJVN Green Energy got 200 MW by quoting a price of Rs. 2.95/kWh, followed by SolarArise, which offered Rs. 2.90/kWh and earned a capacity of 100 MW.
Tata Power Renewable Energy put up a proposal for 300 MW, but after quoting Rs. 2.97/kWh using the bucket-filling method, it was only given 200 MW.
Since Basic Custom Duty (BCD) was imposed this year, margins have been under pressure, and for the time being, it is anticipated that solar auction bids would remain in the scope of Rs 2.75 to Rs. 3.00.
With SolarArise, TPREL, and SJVN Green Energy, MSEDCL would now finalize a power purchase agreement (PPA) lasting 25 years from the anticipated start of commercial operation.
In order to reduce technical risk and guarantee timely commissioning, the terms of the tender required that the winning bidders employ only commercially established and operational technologies for the aforementioned projects as specified by MSEDCL.
Additionally, it is the responsibility of the three winners to make sure that the solar modules used in the project are warranted for peak output wattage, which is required to be not less than 90% at the end of 10 years and 80% at the end of 25 years from the date the project began operating commercially.
The reported capacity utilization factor (CUF), which cannot be less than 19% over a year, will be maintained by the auction winners, as well.
Until the end of 10 years from the date of commercial operation, the developers must additionally maintain generation to reach annual CUF within +10% and 15% of the reported value.
 was imposed this year, margins have been under pressure, and for the time being, it is anticipated that solar auction bids would remain in the scope of Rs 2.75 to Rs. 3.00.){kind=link}