SJVN Green Invites Bids for 1.35 GW Solar Projects under MSKVY 2.0

26 Dec 2024 CW Team

SJVN Green Energy, a wholly-owned subsidiary of SJVN, has issued a call for bids to develop 1,352 MW solar projects at 102 sites in Maharashtra. These projects are being implemented under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0.

The deadline for bid submissions is January 16, 2025, and bids will be opened on the same day.

Bidders are required to submit a bid processing fee of Rs 1.5 million and an earnest money deposit of Rs 1.27 million per MW.

The projects will be distributed across nine locations in Pune (154 MW), 22 locations in Nashik (304 MW), 19 locations in Ahmednagar (315 MW), and 52 locations in Solapur (579 MW).

A consultancy tender for these projects was issued in September this year. This tender specifies that only solar photovoltaic projects will be deployed, but the selection process will be technology-agnostic, allowing for the use of either crystalline silicon or thin film technologies, with or without trackers.

Bidders must use commercially established and operational technologies to minimize technology risk and ensure successful project commissioning. They must also meet the following criteria: • A minimum net worth of Rs 12.7 million per MW as of the end of the previous financial year. • A minimum annual turnover of Rs 19 million per MW of the quoted capacity during the last three years. • An internal resource generation capability of at least Rs 3.8 million per MW of the quoted capacity, as of the end of the previous financial year. • An approval letter from lending institutions, confirming a line of credit for at least Rs 10.6 million per MW of the quoted capacity to meet the working capital requirements of the project.

The solar photovoltaic modules used in the projects must be listed in MNRE’s List-I under the Approved Models and Manufacturers of Solar Photovoltaic Modules.

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