Madhya Pradesh Invites Bids for 2.21 GW Rooftop Solar Projects

21 Feb 2025 CW Team

Bid requirements

Interested bidders must pay a document fee of Rs 25,000 and provide a performance security of Rs 2,500.

Chhindwara district

Capacity: 803 kW
Earnest Money Deposit (EMD): Rs 803,000
Minimum Net Worth: Rs 8.03 million
Bidders must not have defaulted on any contract exceeding Rs 12.44 million in the last three years.

Dhar district

Capacity: 829 kW
EMD: Rs 829,000
Minimum Net Worth: Rs 8.29 million
No history of contract default exceeding Rs 12.43 million in the last three years.

Seoni district

Capacity: 583 kW
EMD: Rs 583,000
Minimum Net Worth: Rs 5.83 million
No record of contract default exceeding Rs 8.74 million in the last three years.

Project scope and regulations

Selected bidders must sign a power purchase agreement (PPA) with district authorities and will be responsible for designing, installing, commissioning, and operating the projects. They must also set up power evacuation and metering systems in compliance with Madhya Pradesh Electricity Regulatory Commission (MPERC) regulations.

Projects must be connected to the interconnection point for net metering under MPERC guidelines. Consortia, foreign companies, and limited liability firms must establish a special purpose vehicle (SPV) to execute the PPA while maintaining their original shareholding.

Foreign companies must adhere to foreign direct investment (FDI) regulations. Companies from countries sharing a land border with India must be registered with the competent authority, except for those involved in Indian government-backed projects or credit-supported initiatives.

Bidders must conduct due diligence before quoting tariffs for the projects.

Recent developments

MPUVNL recently issued an RfP to select renewable energy power generators for setting up 1,500 MW of solar projects under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program.

(Mercom)

Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has issued a request for proposal (RfP) to develop rooftop solar projects with a total capacity of 2.215 MW across government buildings in Chhindwara, Dhar, and Seoni districts. Bids must be submitted by April 1, 2025, and will be opened on April 4. Bid requirements Interested bidders must pay a document fee of Rs 25,000 and provide a performance security of Rs 2,500. Chhindwara district Capacity: 803 kW Earnest Money Deposit (EMD): Rs 803,000 Minimum Net Worth: Rs 8.03 million Bidders must not have defaulted on any contract exceeding Rs 12.44 million in the last three years. Dhar district Capacity: 829 kW EMD: Rs 829,000 Minimum Net Worth: Rs 8.29 million No history of contract default exceeding Rs 12.43 million in the last three years. Seoni district Capacity: 583 kW EMD: Rs 583,000 Minimum Net Worth: Rs 5.83 million No record of contract default exceeding Rs 8.74 million in the last three years. Project scope and regulations Selected bidders must sign a power purchase agreement (PPA) with district authorities and will be responsible for designing, installing, commissioning, and operating the projects. They must also set up power evacuation and metering systems in compliance with Madhya Pradesh Electricity Regulatory Commission (MPERC) regulations. Projects must be connected to the interconnection point for net metering under MPERC guidelines. Consortia, foreign companies, and limited liability firms must establish a special purpose vehicle (SPV) to execute the PPA while maintaining their original shareholding. Foreign companies must adhere to foreign direct investment (FDI) regulations. Companies from countries sharing a land border with India must be registered with the competent authority, except for those involved in Indian government-backed projects or credit-supported initiatives. Bidders must conduct due diligence before quoting tariffs for the projects. Recent developments MPUVNL recently issued an RfP to select renewable energy power generators for setting up 1,500 MW of solar projects under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. (Mercom)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..