MSEDCL’s 500 MW PV Tender Gets INR 2.89/kWh L1 Bid

• MSEDCL's 500 MW solar power tender launched in November 2019 has attracted lowest bid of INR 2.89 per kWh, according to Mercom India Research
• Juniper Green Energy of Delhi has secured 150 MW emerging as the lowest bidder
• MSPGCL has won remaining 350 MW capacity with the second lowest bid of INR 2.90 per kWh

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has found two suitors for its 500 MW solar power tender. Launched in November 2019, it capped tariffs at INR 2.90 ($0.041) per kWh for the capacity to be set up within Maharashtra (see Maharashtra Utility Issues 500 MW Intrastate Solar Tender).

The lowest bid (L1) has come from Juniper Green Energy that quoted the winning tariff of INR 2.89 (0.0407) per kWh securing 150 MW, according to Mercom India Research. The second winner is Maharashtra State Power Generation Co., Ltd. (MSPGCL) with INR 2.90 ($0.0409) per kWh. MSPGCL quoted this tariff for the entire 500 MW capacity but managed to win 350 MW.

Delhi headquartered Juniper Green Energy is a solar and wind energy power producer. It is the renewable energy platform set up by AT Capital Group of Singapore, as per information on its website.

In February 2019, MSEDCL's 1 GW solar tender was oversubscribed by 900 MW and received the lowest bid at a level of INR 2.74 per kWh, against a INR 2.90 per kWh  ceiling tariff (see INR 2.74/kWh Lowest Bid In MSEDCL Auction).