MSEDCL issued tender for procurement of 300 MW wind power
MSEDCL has issued requests for selection (RfS) tender for procurement of 300 MW of wind energy, submission deadline is 20 September 2021…
The Maharashtra State Electricity Distribution Company (MSEDCL) has issued requests for proposals (RFPs) to procure 300 MW of wind power. Selecting projects will be done through electronic bidding followed by an electronic reverse auction.
The tender has been floated by MSEDCL in order to fulfill its non-solar renewable purchase obligations (RPOs) and to meet its future power needs.
Submission Deadline & Deposits: There is a deadline of September 20, 2021, for the submission of bids. The RfS document cost is INR 25,000 and the processing fee is INR 300,000 which is to be paid by the bidders. Additionally, bidders must submit a bank guarantee with a bid for INR 600,000 /MW/project as an earnest money deposit (EMD).
Eligibility Criteria: Eligibility to participate in the tender is open for grid-connected inter-state and intrastate as well as new wind projects. The projects will be selected irrespective of their technology.
The bid capacity for intrastate projects must be at least 25 MW with a minimum project size of 5 MW at a single site. While inter-state wind power projects must have a minimum bid capacity of 50 MW and an individual size of 50 MW and above at one site.
Bidders must have a net worth of at least INR 12 million per MW of the quoted capacity for the financial year ended March 31, 2021. Also, a minimum turnover of INR 2.5 million per MW of the quoted capacity is required during FY 2020-21. The bidder’s profit for FY 2022-21 must be at least INR 1 million / MW before depreciation, interest, and taxes.
Intrastate Wind Power Projects that are already commissioned but do not have any long-term power purchase agreements with any agencies and are selling power on a short-term or merchant plant basis will be considered if they are not already covered by other state and national programs and do not have any obligations toward existing buyers.
International companies registered as companies in their country of origin are eligible to participate. The RfS stage allows them either to participate independently or as members of a consortium. The foreign company that wins the bid on a standalone basis will have to form a fully owned subsidiary company in India before signing the PPA.
Other Details: In order to bid, the wind generator must have an EPA with MSEDCL that has expired or is about to expire in FY 2021-22. Successful bidders would start supplying power from their projects after the expiration of the existing EPA or the date of the new PPA, whichever occurs first.
As part of the winning bid, the bidder shall be responsible for operating the transmission network up to the delivery point and for bearing the costs. This includes all approvals, permits, and clearances required for the project’s operation (including connectivity) and those required from government and local agencies.
Applicants must be incorporated under the Companies Act 1956, the Companies Act 2013, or the Co-operative Societies Act, 1912. LLCs may also participate. When chosen as the successful bidder, the LLC must register as a company under the Indian Companies Act, 1956 or the Companies Act, 2013, as applicable, before signing the PPA while maintaining the original shareholding of the LLC.
Before a PPA is signed, the successful bidder can also form a project company incorporated as a completely owned subsidiary company. As part of the consortium agreement, the successful bidder must incorporate a project company or SPV with equity participation by the consortium members before signing the PPA with MSEDCL.
Bidders, including their parent, affiliate, or ultimate parent, can only submit a single application or bid for a single or multiple project location, subject to a minimum bid capacity. Multiple bids from the same company, including its parent, ultimate parent, affiliates, or group companies would invalidate all the bids submitted.
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