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India : MSEDCL announces tender to procure 100 MW of power generated from bagasse-based co-generation projects
Publish Date : 03-Jan-2020
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has announced a tender to procure 100 MW of power generated from bagasse-based co-generation projects.
January 17, 2020 is the last date for bid submission. Interested bidders are expected to submit an earnest money deposit (EMD) of 100,000 (~$1,401)/MW. The tender comes with a ceiling tariff of 3.56 (~$0.05)/kWh, and 50% of the tariff will be treated as the variable cost.
Projects which are already supplying power to MSEDCL under existing energy purchase agreements (EPA), which have expired or are set to expire by March 31, 2021, will also be allowed to participate in this tender.
According to the tender, fossil fuels' use in the project should be limited to the extent of 15% of the total fuel consumption every month. Non-compliance with this condition during any month will render the bidder ineligible for the tariff determined under this RfS. During the defaulting month, the sale of power will be reduced by 0.50 ($0.001)/kWh.
Bidders are expected to have a minimum installed project capacity of 5 MW with a minimum exportable capacity of 3 MW. As per the tender, consortiums will not be allowed to bid, and multiple bids for the same project will make all submitted bids invalid.
