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MSEDCL releases tender to acquire 500 MW of wind power from existing projects

Source Name: 
Energetica
Source Url: 
http://www.energetica-india.net/news/msedcl-releases-tender-to-acquire-500-mw-of-wind-power-from-existing-projects

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has announced that it has released a tender to acquire 500 MW of wind power from projects in the state that are by now in operation or have been commissioned. The bid-submission deadline is January 14, 2019.

The MSEDCL has released the procurement tender to convene its non-solar renewable purchase obligation (RPO). MSEDCL has set Rs. 1.97 ($0.03)/kWh as the ceiling tariff for this tender. The distribution company will go into eight-year power purchase agreements (PPAs) with the successful bidders.

The transmission of power up to the point of interconnection as well as the energy accounting infrastructure will be the liability of the successful bidder. The maintenance of transmission system up to the interconnection point will also be job of the bidder. The successful bidder must obey with Maharashtra Electricity Regulatory Commission (MERC) regulations on Forecasting, Scheduling and Deviation Settlement.

Successful bidders must present Performance Bank Guarantee (PBG) of Rs. 2 million ($0.03 million)/MW, two days prior to signing of the PPA. The PBG must have a validity period of up to six months from Scheduled Commercial Operation Date (SCOD) for new projects and from the date of execution of PPA for existing projects. The successful bidders are necessary to sign PPA with the MSEDCL within one month of issue of letter of award (LoA).

Author: Sustainability Outlook Desk