Maharashtra’s MSAPL Invites Bids for Solar Power Acquisition under PM-KUSUM Program: Phase 2 of Mukhyamantri Saur Krushi Vahini Yojana

MSEB Solar Agro Power (MSAPL), a fully owned subsidiary of the Maharashtra State Electricity Board (MSEB Holding Company), has issued a tender for the acquisition of solar power under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program.

These projects will be executed as part of Phase 2 of the Mukhyamantri Saur Krushi Vahini Yojana program, and the deadline for bid submissions is February 16, 2024.

Each project is expected to comprise a cluster of units, with a minimum aggregate capacity of 50 MW required for a project bid. The successful bidder will be tasked with securing financing and overseeing the entire project lifecycle, encompassing development, design, engineering, procurement, construction, commissioning, operation, and maintenance.

The maximum tariff of ₹3.10/kWh will be applied at both the project and unit levels, and bidders must be aware of this.

A processing fee of ₹2,500/MW and a paperwork cost of ₹25,000 must be provided by bidders.

Selected bidders will be obligated to submit a performance bank guarantee of ₹500,000/MW of the quoted capacity.

If the Maharashtra State Electricity Distribution Company (MSEDCL) identifies eligible substations in the Latur region for interconnection at 11 kV / 22 kV / 33 kV voltage levels before the bid due date, an additional 57 MW of solar power may be purchased.

If the quoted capacity exceeds 200 MW, bidders must have commissioned or have an operating solar capacity of at least 250 MW. The needed capacity will be 100 MW if the quoted capacity is less than 200 MW.

For the previous three fiscal years, their net worth must have been at least ₹1 crores. The last three fiscal years’ net worth ought to be in the black.

Furthermore, bidders are expected to demonstrate internal resource generation capabilities at a rate of ₹10 lakhs/MW, calculated based on profit before depreciation, interest, and taxes.
If the asset under management is valued at least ₹1000 crores and the foreign investment fund has minimum investible funds of at least ₹500 crores, then the fund is eligible.