MSEDCL Invites Request for Selection for 550 MW Solar Project

Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) has invited RFS (request for selection) for the procurement of a 550 MW of solar power project to be developed in Maharashtra through a competitive bidding process.

The last date for submitting the online bid is January 16, 2023, till 04:00 pm and the bid will be opened on the same day, at 06:00 pm. MSEDCL decided the calling tariff for the project is Rs. 3.20 per unit.

This MSEDCL 550 MW solar tender includes the scope of the work of setting up the solar plant of awarded capacity, including design & engineering, manufacture/procurement, supply, installation, testing, and commissioning including warranty obligation with comprehensive operation and maintenance. As per the tender document, the minimum individual project capacity to be developed shall be 1 MW & maximum individual project capacity to be developed shall be 10 MW (2X5 MW).

Each interested bidder will also have to pay Rs. 15000 + 18% GST as a cost of the RFS document, which is non-refundable. Each interested bidder will also have to pay Rs. 10,000 per MW (excluding 18% GST) as a bid processing fee, which is also non-refundable. The awarded bidder must pay Rs. 1 lakhs per MW as an earnest money deposit. The selected bidder also must provide Rs. 5 Lakh/MW as a performance bank guarantee (PBG) after the issuance of the letter of intent and before signing the power purchase agreement (PPA). 

The successful bidder must have a minimum annual turnover of Rs. 25 lakhs/MW during the previous financial year i.e., FY 2021-22, or as on the date at least 7 days before the due date of bid submission.

The Net-Worth of the awarded bidder for the financial year ended on 31.03.2022 shall not be less than Rs 0.55 Crores per MW or as on the date at least 7 days before the due date of bid submission. 

Bidders can view/download this MSEDCL 550 MW solar power project tender documents and technical specifications here.

Earlier, Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) invited RFS (request for selection) for the procurement of a cumulative 300 MW of solar power from decentralized solar projects under component-A PM-KUSUM scheme to be developed in Maharashtra through a competitive bidding process.