Tender detail

Tender brief

MSEDCL has issued a tender to develop 250 MW solar, wind or hydro power capacity anywhere in India, with a greenshoe option of additional 250 MW capacity.

Tender details

Total capacity

250 MW

Open capacity

250 MW

DCR capacity

Storage capacity

Tender scope

BOO

Solar park

Tendering authority

DISCOM(s)

Offtaker/ Power consumer

Maharashtra DISCOM(s)

PPA tenure

25 years

Benchmark tariff/ VGF/ CAPEX

Allocation basis

Tariff bid

Technology

PV-wind-storage hybrid

Bid size

50 - 250 MW

Minimum CUF

19%

Required bank guarantees

EMD: INR 0.885 million/ MW

PBG: INR 3.54 million/ MW

Technical criteria

Financial criteria

Minimum net worth: INR 15 million/ MW
Minimum annual turnover: INR 10.2 million/ MW
Minimum line of credit: INR 2.5 million/ MW
Minimum PBDIT: INR 2 million/ MW

Commissioning timeline

30 months

Notes

Power supplied during solar generation hours (10 AM-6 PM) will be compensated at a fixed tariff of INR 2.42/ kWh and developers would be required to bid for non-solar generation hour tariff (6 PM-10 AM).
Minimum 125 MW of power needs to be supplied during six blocks of 1 hour, during non-solar generation hours, as specified by MSEDCL.
Any shortfall in annual CUF during solar generation hours will be penalised at 25% of PPA tariff. Monthly shortfall of up to 15% during non-solar generation hours is permissible.

Penalty for generation shortfall:

Monthly non-solar generation hour power availability	Penalty
85% and above	Nil
80 - 85%	Non-solar generation hour tariff
70 - 80%	2x non-solar generation hour tariff
70% and below	3x non-solar generation hour tariff

Each project shall comprise two components – renewable energy generating component (solar or wind or hydro or a combination) and an energy storage component (technology agnostic).
Developers are required to procure ALMM compliant modules or RLMM compliant turbines as applicable on the bid submission date.
Different project components may be located on different sites.