ACME, ReNew win 500 MW solar project in Maharashtra
POWER & RENEWABLE ENERGY

ACME, ReNew win 500 MW solar project in Maharashtra

ACME Solar Holdings and ReNew Solar Power won the Maharashtra State Electricity Distribution Company Limited (MSEDCL) solar auction to procure power from 500 MW of solar photovoltaic (PV) projects on a long-term basis.

ACME Solar Holdings won a capacity of 300 MW valuing Rs 2.42 kW per hour. Meanwhile, ReNew Solar Power won 200 MW valuing Rs 2.43 kW per hour.

The solar tender was oversubscribed by 3.5 GW and had received a great response from the bidders. In May, the state distribution company (DISCOM) had floated the tender to procure 500 MW of power from interstate or intrastate solar projects on a long-term basis.

MSEDCL officials said that the main reasons for such an enormous response are the absence of a ceiling tariff this time around, which was Rs 2.90 kW per hour prior. Lower earnest money deposit of Rs 400,000 per MW, which was Rs 500,000 per MW for Phase-V tender, and lower performance bank guarantee of Rs 800,000 per MW, which was Rs 1.4 million per MW for the earlier tender.

The tender of MSEDCL for the long-term procurement of power from 500 MW of intra-state grid-connected solar power tenders was undersubscribed earlier.

In the case of new solar projects, MSEDCL will enter into a power purchase agreement (PPA) to purchase solar power for 25 years from the listed commercial operation date with the selected bidders.

In May this year, a Tata Power subsidiary, TP Saurya, was announced as the winner for setting up 250 MW of grid-connected solar PV projects at the Dondaicha Solar Park in Dhule in Maharashtra State Power Generation Companies (MAHAGENCO) auction.

Image Source


Also read: ACME Solar enters deal with Brookfield Renewable for solar project

Also read: Acme Solar withdraws petition to cancel PPAs signed for Rajasthan projects

ACME Solar Holdings and ReNew Solar Power won the Maharashtra State Electricity Distribution Company Limited (MSEDCL) solar auction to procure power from 500 MW of solar photovoltaic (PV) projects on a long-term basis. ACME Solar Holdings won a capacity of 300 MW valuing Rs 2.42 kW per hour. Meanwhile, ReNew Solar Power won 200 MW valuing Rs 2.43 kW per hour. The solar tender was oversubscribed by 3.5 GW and had received a great response from the bidders. In May, the state distribution company (DISCOM) had floated the tender to procure 500 MW of power from interstate or intrastate solar projects on a long-term basis. MSEDCL officials said that the main reasons for such an enormous response are the absence of a ceiling tariff this time around, which was Rs 2.90 kW per hour prior. Lower earnest money deposit of Rs 400,000 per MW, which was Rs 500,000 per MW for Phase-V tender, and lower performance bank guarantee of Rs 800,000 per MW, which was Rs 1.4 million per MW for the earlier tender. The tender of MSEDCL for the long-term procurement of power from 500 MW of intra-state grid-connected solar power tenders was undersubscribed earlier. In the case of new solar projects, MSEDCL will enter into a power purchase agreement (PPA) to purchase solar power for 25 years from the listed commercial operation date with the selected bidders. In May this year, a Tata Power subsidiary, TP Saurya, was announced as the winner for setting up 250 MW of grid-connected solar PV projects at the Dondaicha Solar Park in Dhule in Maharashtra State Power Generation Companies (MAHAGENCO) auction. Image Source Also read: ACME Solar enters deal with Brookfield Renewable for solar project Also read: Acme Solar withdraws petition to cancel PPAs signed for Rajasthan projects

Next Story
Infrastructure Transport

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

Next Story
Infrastructure Transport

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Next Story
Infrastructure Transport

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?