Under PM-KUSUM initiative MSEDCL seeks bids for 225 MW solar energy

05 Apr 2023 CW Team

The Pradhan Mantri-Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program’s component-A has requested bids for the purchase of 225 MW of power from decentralised solar installations with capacities between 500 kW and 2 MW. The maximum rate set by MSEDCL is Rs 3.30/kWh. Within a year of the work order, the projects must be launched. The bids must be submitted by April 28, 2023.

The earnest money deposit requirement for bidders is Rs 100,000/MW. Within 30 days of the work order's date, successful bidders are required to send a performance bank guarantee in the amount of Rs 100,000/MW. As of the last day of the prior fiscal year, they ought to have a net value of Rs 10 million/MW. They should have a net yearly turnover of at least Rs 2.5 million per MW.

Bidders are required to have an internal resource generating capacity of at least Rs 1 million/MW in the form of profit before depreciation, interest, and taxes. To meet the working capital requirement, they must have an in-principle sanction letter from a bank committing a line of credit for Rs 1.25 million. With the chosen bidders, MSEDCL will enter into a power purchase agreement lasting 25 years from the project’s date of commercial operation.

To decrease technological risks and guarantee the project's timely completion, only operational, commercially established technology must be used. Farmers, cooperatives, panchayats, farmer- producer associations, and water user organisations are all acceptable forms of bidders for projects being established up on their lands. Bidders may set up the projects through a developer if they are unable to secure the necessary funding. A land lease contract will have to be signed by both parties.

The annual lease rate that must be paid to the landlord is Rs 75,000 per acre, with a 3% annual increase. The parties have agreed that the leasing agreement's term will be between 26 and 30 years.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..