Maharashtra E-tender for a 105 MW Floating Solar Project

• This 105 MW solar project will be a grid-connected floating solar plant. The successful bidder will certainly create the floating project at Erai Dam Solar Park in the Chandrapur area of Maharashtra.

The last date for submission of bids is 15th July 2022 as much as 03:00 PM and these bids will certainly be opened on the exact same day.

Maharashtra State Power Generating Company Limited (MSPGCL) has actually floated an e-tender for a 105 MW floating solar plant. This solar project will certainly be a grid-connected floating solar plant. The successful bidder will develop the floating project at Erai Dam Solar Park in the Chandrapur district of Maharashtra.

The last date for submission of bids is 15th July 2022 approximately 03:00 PM and also these bids will certainly be opened on the very same day.

This 105 MW floating project's earnest money deposit (EMD) is Rs 10.54 Lakhs/MW as a bank warranty (according to Format 7.3 A). The bidder must submit this earnest money deposit with their bid, and also it stands for 6 months from the last date of bid submission for this e-tender.

Awarded bidder will certainly have to submit Rs 21.07 Lakhs/ MW (i.e. Rs. 2212.35 Lakhs + 18 % GST for 105 MW floating solar plant) as the efficiency protection amount within thirty day of issuance of Letter of Award (LoA) or prior to finalizing of PPA, whichever is earlier.

The successful bidder will certainly need to submit the called for documents to MSPGCL within 21 days from the issue of LoA. In case of hold-up in submission of documents beyond the 21 days as stated over, MSPGCL shall not be responsible for delay in verification of documents as well as succeeding delay in signing of PPA. Irrespective of the date of finalizing of the PPA, the Effective Date of the PPA will be the date on the 30th day from the date of issuance of the LOA.

The Successful Bidder will certainly state the CUF (capacity use element) of their project at the time of PPA and will be enabled to change the very same when within the initial year of COD. The declared CUF shall in no case be less than 19% over a year.

The power procured by Maharashtra State Power Generation Company from the project will certainly be sold to the Maharashtra State Electricity Distribution Company.

Any kind of excess generation over and above 10% of stated annual CUF will certainly be acquired by MSPGCL at a taken care of tariff of 75% of the PPA tariff, provided MSPGCL can obtain any purchaser for the sale of such excess generation.

If the Successful Bidder is incapable to generate minimum energy, which amounts the annual CUF value, will be bound to pay compensation to MSPGCL at a rate of 25% of the PPA tariff.

Bidders need to have constructed floating solar projects with a minimum aggregate capacity of 30 MW or a floating solar project with a minimum capacity of 2.5 MW, with 1 MW appointed. They should have knowledge in applying ground-mounted solar setups with at the very least 100 MW of aggregate capacity.

Alternatively, the bidder needs to have experience developing ground-mounted solar installments with a complete capacity of a minimum of 200 MW. The experience required to establish ground-mounted solar installations must be accumulated throughout three finished agreements at one of the most.

A minimum of among these ground-mounted projects ought to be capable of generating 50 MW. The Net Worth of the Bidder must positive, as on the last date of the previous Financial Year, i.e. FY 2021-22 (if offered) or FY 2020-21.

Bidders have to offer a solvency certificate for 105 MW e-tender worth at the very least Rs 48 crores ($6.16 million), suitably licensed by a nationalized or set up bank.