December 6 (Renewables Now) - The Maharashtra State Electricity Distribution Co Ltd (MSEDCL) has opened a competitive round for 1 GW of grid-connected solar photovoltaic (PV) capacity, Mercom Capital reports.
Bids in the tender should not exceed INR 2.8 (USD 0.039/EUR 0.035) per kWh, while proposals will be accepted by January 3, 2019. The same date has been set for opening the technical bids.
The minimum capacity for each project located within the state is 5 MW, at a single location, which is also the minimum bid capacity for projects installed outside a solar park. Inter-state schemes must have capacities of at least 50 MW at a single location. According to the tender requirements, each bidder has the right to make a single bid only.
In addition to new projects, the tender is also open to projects under construction and already commissioned plants that do not have long-term power purchase agreements (PPAs) and are selling their output on a short-term basis. Those should not be part of any other central or state schemes and should have no obligations towards existing buyers.
MSEDCL will purchase the output of the solar parks under 25-year PPAs.
(INR 10 = USD 0.141/EUR 0.124)