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The public sale held by the Maharashtra State Electrical energy Distribution Firm (MSEDCL) to buy 500 MW of energy from Section IX of grid-connected interstate photo voltaic tasks was gained by SJVN Inexperienced Vitality, SolarArise, and Tata Energy Renewable Vitality (TPREL).
In October of this 12 months, MSEDCL introduced the tender to buy 500 MW of photo voltaic vitality on a long-term foundation.
SJVN Inexperienced Vitality bought 200 MW by quoting a value of Rs. 2.95/kWh, adopted by SolarArise, which supplied Rs. 2.90/kWh and earned a capability of 100 MW.
Tata Energy Renewable Vitality put up a proposal for 300 MW, however after quoting Rs. 2.97/kWh utilizing the bucket-filling technique, it was solely given 200 MW.
Since Primary Customized Responsibility (BCD) was imposed this 12 months, margins have been underneath stress, and in the intervening time, it’s anticipated that photo voltaic public sale bids would stay within the scope of Rs 2.75 to Rs. 3.00.
With SolarArise, TPREL, and SJVN Inexperienced Vitality, MSEDCL would now finalize an influence buy settlement (PPA) lasting 25 years from the anticipated begin of economic operation.
In an effort to scale back technical danger and assure well timed commissioning, the phrases of the tender required that the profitable bidders make use of solely commercially established and operational applied sciences for the aforementioned tasks as specified by MSEDCL.
Moreover, it’s the accountability of the three winners to guarantee that the photo voltaic modules used within the undertaking are warranted for peak output wattage, which is required to be not lower than 90% on the finish of 10 years and 80% on the finish of 25 years from the date the undertaking started working commercially.
The reported capability utilization issue (CUF), which can’t be lower than 19% over a 12 months, might be maintained by the public sale winners, as nicely.
Till the tip of 10 years from the date of economic operation, the builders should moreover preserve technology to achieve annual CUF inside +10% and 15% of the reported worth.