MSAPL, Subsidiary of MSEB Holding Company, Launches Tender for Solar Power Procurement under PM-KUSUM Component C

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

These projects are slated to be executed within Phase 2 of the Mukhyamantri Saur Krushi Vahini Yojana program. Interested parties must submit their bids by February 16, 2024.

A project, in this context, is defined as a group of units, and the cumulative capacity of a project bid should not be less than 50 MW. The winning bidder assumes responsibility for obtaining financing and overseeing the entire lifecycle of the units, including 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.

Additionally, they must deposit ₹100,000 as earnest money for each MW of the quoted capacity.

Selected bidders are obligated to furnish a performance bank guarantee of ₹500,000/MW of the quoted capacity.

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

Bidders are subject to certain criteria, including having commissioned or operational solar capacity of at least 250 MW for quoted capacities exceeding 200 MW, and a requirement of 100 MW for capacities less than 200 MW. Bidders must also demonstrate a positive net worth of ₹1 crore for the last three financial years.

In 2022–2023, bidders need to have a minimum yearly turnover of ₹25 lakhs/MW. They must be able to generate resources internally in the form of profit before depreciation, interest, and taxes for a minimum amount of ₹10lakhs/MW.

If the asset under management is valued at least ₹1,000 crores and the foreign investment fund has minimum investible funds of at least ₹500crores, then the fund is eligible.