- CEL has launched a solar EPC tender for 95 MW decentralized solar power capacity
- Projects need to be developed in 7 lots of 2 MW AC to 10 MW AC capacity range
- Selected bidder will need to commission as well as operate and maintain the facility for 12 years
The engineering arm of the Government of India, Central Electronics Limited (CEL) is soliciting bids from EPC contractors to establish 95 MW decentralized solar power capacity across the state of Maharashtra.
Systems need to be set up in the range of 2 MW AC to 10 MW AC in 7 lots connected to various substations. The 95 MW capacity is distributed as 14 MW for Lot A, 16 MW for Lot B, 17 MW for Lot C, 14 MW for Lot D, 11 MW for Lot F, 10 MW for Lot H, and 13 MW for Lot J in Washim, Buldhana, Wardha, Nagpur, Kolhapur, Satara, Pune, Sangli, Jalgaon, and Solapur.
Broad scope of work involves design, engineering, balance of system (BOS) including grid tie inverter and successful commissioning of the facility, as well as operation and maintenance of the same for 12 years.
Launched on November 26, 2021, last date to submit bids is December 17, 2021. Further details are available on CEL’s website.
CEL also manufactures solar modules with a 10 MW manual line and a 28 MW automated line. Back in February 2020, the government had been looking for interested bidders for a 100% stake sale in the company (see Indian Module Maker CEL For Sale).
It has now found the suitable bidder in the form of M/s Nandal Finance and Leasing Pvt. Ltd. that will buy CEL for INR 2.1 billion ($28 million). The Ministry of Finance said it will now issue a letter of intent (LoI) to the company, followed by the signing of a share purchase agreement. The transaction is to be completed during FY 2021-2022.
