MSEB Agro Solar Power, a subsidiary of MSEB Holding Company, has recently announced the issuance of five Request for Proposals (RFPs) under the Mukhyamantri Saur Krushi Vahini Yojana, a government initiative aimed at promoting solar power in the state of Maharashtra, India. These RFPs collectively offer a substantial capacity of 977.72 MW, distributed across different districts within the state.
Interested parties have until October 21, 2023, to submit their bids for consideration.
The specific capacities allocated through these tenders are as follows: 158.75 MW in Kolhapur, 221.93 MW in Chhattrapati Sambhajinagar, 199.94 MW in Satara, 186.044 MW in Sangli, and 211.06 MW in Yavatmal districts. To participate in the bidding process, prospective developers are required to submit an earnest money deposit of Rs 100,000 per MW of the capacity they intend to secure. Additionally, a performance bank guarantee of Rs 500,000 per MW is mandatory for successful bidders.
Upon winning the bid, the developer will enter into a power purchase agreement (PPA) with Maharashtra State Electricity Distribution Limited (MSEDCL) within 15 days of receiving the letter of award. It’s worth noting that the projects must be completed within 12 months from the signing of the PPA. Furthermore, the responsibility for power evacuation to the delivery point rests with the project developer.
This move signifies a significant step towards enhancing renewable energy generation in Maharashtra, contributing to the state’s commitment to sustainable power sources and reducing its carbon footprint.