MSEDCL seeks bids from solar producers for PPAs of 500 MW

04 Oct 2022 CW Team

The Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 500 MW of power on a long-term basis from 500 MW (Phase IX) of grid-connected intrastate solar power projects.

The last date to submit the bids online is November 9, 2022. Bids will be opened on the same day.

Bidders must submit a non-refundable processing fee of Rs 300,000 ($3,674) to participate in the process. They must also submit Rs 472,000 ($5,781)/MW as an earnest money deposit.

The successful bidder will have to furnish Rs 1.29 million ($15,800)/MW as a performance bank guarantee. Only commercially established and operational technologies can be used for these projects.

MSEDCL will enter into a power purchase agreement (PPA) with the selected bidder for 25 years from the scheduled commercial operation date. Projects eligible for this tender include projects under construction, projects that are not yet commissioned, and those already commissioned not having any long-term PPA with any agency and selling power on a short-term basis. Such projects should not have already been accepted under other central or state programmes.

The minimum project capacity must be 25 MW at a single location with a minimum bid capacity of 50 MW for projects. The maximum bidding capacity for a single bidder is 500 MW, subject to satisfying the technical and financial criteria. Further, the project capacity should be in multiples of 25 MW beyond the minimum project capacity of 25 MW.

The net worth of bidders for the last financial year should not be less than Rs 10 million ($122,486)/MW. The minimum annual turnover of bidders during the last financial year should be at least Rs 3.52 million ($43,115)/MW of the quoted capacity.

According to Mercom’s India Solar Tender Tracker, MSEDCL has floated tenders for 19.2 GW of solar projects.

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..

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..

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..