MSEDCL, a prominent player in India’s energy sector, has opened its doors to bids for procuring 500 MW of wind-solar hybrid power on a long-term basis. This invitation comes with an enticing greenshoe option of an additional 500 MW. If you’re in the renewable energy business, this could be a significant opportunity to expand your portfolio and contribute to the sustainable energy landscape.
Bid Details
- Submission Deadline: April 4, 2024
- Bid Opening Date: April 4, 2024
- Cost of Bidding Documents: $302
- Bid Processing Fee: $18,125
Project Specifications
- A hybrid power project must consist of both solar and wind components.
- Each component should constitute at least 33% of the contracted capacity.
- Minimum project size: 50 MW for inter-state projects and 10 MW for intra-state projects.
- Eligibility includes projects in progress, awaiting commissioning, or already operational without a long-term power purchase agreement.
Technology Standards
- Wind turbines must be type-certified models listed by the Ministry of New and Renewable Energy (MNRE).
- Solar photovoltaic modules must be from MNRE’s Approved Models and Manufacturers list.
Financial Requirements
- Bidders’ net worth must be at least $132,919 seven days before the bid submission deadline.
- Minimum annual turnover: $99,327/MW of quoted capacity.
- Internal resource generation capability should be at least $19,817/MW of quoted capacity.
- Approval letter from lending institutions committing a line of credit of $24,892/MW toward working capital is mandatory.
Stay Updated
This tender not only aims to encourage established technologies but also promises prompt initiation of power supply from the selected projects. If you meet the criteria and have the expertise, don’t miss out on this opportunity to be a part of India’s renewable energy revolution.
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