MAHAGENCO Invites Bids for 300 MW Phase-II Ground-Mounted Solar PV Projects in Maharashtra

Maharashtra State Power Generation Company Ltd. (MAHAGENCO) has invited online bids for the development of 300 MWAC Phase-II grid-connected ground-mounted solar PV projects across Maharashtra.

The scope includes land acquisition, design, engineering, manufacturing, supply, erection, testing, commissioning, and 10-year operation and maintenance (O&M). The projects will also include the power evacuation system up to MSETCL (STU) substations. Bidders can quote for a minimum of 25 MWAC per location and a maximum of 100 MWAC across four locations.

The tender follows a two-bid system, separating technical/commercial and price bids. The last date for online bid submission on 21 April 2026. Techno-commercial bids will be opened the same day, while the dates for price bid opening and e-reverse auction will be notified later.

Bidders are required to pay a non-refundable tender fee of INR 25,000 plus GST and a vendor registration fee of INR 5,000 plus GST. Each bidder must also submit an Earnest Money Deposit (EMD) of INR 1 lakh per MWAC via bank guarantee. Eligible participants include Indian companies incorporated under the Companies Act, 2013, or government/non-government enterprises engaged in power or infrastructure. Proprietorships, partnerships, NGOs, charitable trusts, and educational societies are not allowed to participate.

Technical qualification requires bidders or their parent company to have executed ground-mounted solar projects of at least 30 percent of the quoted capacity, including one project of minimum 15 MWAC in successful operation for at least six months. Financial criteria include a net worth of INR 125 lakh per MWAC, average annual turnover of INR 250 lakh per MWAC over the preceding three years, and minimum working capital of INR  25 lakh per MWAC. Bidders may qualify using their parent company’s financials provided they hold at least 51 percent  equity.

Consortium participation is allowed for bidders who do not individually meet technical or financial criteria. Consortiums can have a maximum of three members, with a lead member responsible for financial qualification and overall project execution, including the 10-year O&M. The consortium agreement must specify scope, responsibilities, and equity share, which must remain unchanged throughout the contract period.