Maharashtra State Electricity Distribution Company (MSEDCL) Seeking Pumped Storage Developers to supply long-term Integrated System of Transmission and Storage (ISTS/InSTS) connected Energy Storage Systems, with a capacity of 1,000 MW/8,000 MWh (for 8 hours discharge, with a maximum of 5 hours continuous discharge per day), sourced from Pumped Hydro Storage Plants situated anywhere in India through Tariff-Based Competitive Bidding, spanning a 40-year duration.
Bidders are expected to manage the charging and discharging of electricity, supporting up to 1000 MW with an 8-hour discharge capability, limited to a maximum continuous discharge of 5 hours from the Pumped Hydro Storage Plants. The energy input for charging will be supplied by the Procuring entity at the Delivery Point, accounting for declared Cycle Loss.
The last date for submission of bids is April 15, 2024. Bids will be opened the same day.
The cost of the Request for Selection (RfS) Document is Rs. 10,000/- (plus applicable 18% GST or as per regulations). Also, The Bid Processing Fee is Rs. 10,000/- (plus applicable 18% GST or as per regulations.
Bidders must pay The Earnest Money Deposit (EMD) of Rs. 5 lakh per Quoted Capacity (MW) by the Bidder. The EMD can be submitted, along with the response to the Request for Selection (RfS), in either of bank guarantee or Online payment, with a copy of the payment/transaction receipt submitted as proof.
Bidder’s Net Worth must be at least Rs. 150 Lakhs per MW (Rs. 1.5 crore/MW) for the cumulative capacity quoted (in MW), as of the last date of the previous Financial Year, i.e., FY 2022-23, or as of at least 7 days prior to the bid submission deadline. Additionally, Bidders must demonstrate a minimum annual turnover of INR 100 Lakh/MW (Rs. 1 crore/MW) for the cumulative Quoted Capacity (in MW) during the preceding financial year, 2022-23, or as of at least 7 days prior to the bid submission deadline.
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