Indian state Maharashtra announced tender for 1 GW of solar projects
Post date: 06/12/2018 - 19:37
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a tender for the purchase of power on long term basis from 1,000 MW grid-connected solar photovoltaic power projects (Phase II). According to consultancy Mercom Capital Group, MSEDCL has set the ceiling tariff at INR 2.80 ($0.039) per kWh and will enter into power purchase agreement (PPA) with the selected bidder for a period of 25 years.
The minimum capacity for the intra-state solar project is 5 MW at a single location with the minimum bid capacity of 5 MW for projects that are outside a solar park. In case of inter-state projects, the minimum project capacity will be 50 MW at a single location with the minimum bid capacity of 50 MW, says Mercom. A bidder has been allowed only a single bid in this tender.