January 24 (Renewables Now) – A solar tender by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has attracted 1,900 MW of bids, surpassing the targeted capacity by 900 MW, Mercom Capital reports.
Citing an unnamed official at MSEDCL, the consultancy said that seven project developers have participated in the competition, with Avaada Power and Adani submitting bids of 500 MW each. ACME Solar and ReNew Power have launched proposals for 300 MW each, while Tata Power bid for 150 MW. Juniper Green Energy and Aqua Pumps have proposed projects of 100 MW and 50 MW, respectively. Details on the financial bids were not provided.
The tender for grid-connected solar projects was launched in December 2018 with a price cap of INR 2.8 (USD 0.039/EUR 0.035) per kWh. After extending the initial deadline to January 22, MSEDCL also lifted the maximum bidding price limit to INR 2.9/kWh.
Winners in the tender will be awarded 25-year power purchase agreements (PPAs) with MSEDCL.