Tata’s TP Saurya Emerges as Lowest Bidder in 250 MW Dondaicha Solar Park Tender of Mahagenco

TP Saurya Ltd, the renewable energy arm of Tata Power, has emerged as the lowest bidder in the e-reverse auction of state-owned Maharashtra State Power Generation Co Ltd (MAHAGENCO), by quoting a tariff of Rs 2.51/kWh.

May 03, 2021. By Manu Tayal

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TP Saurya Ltd, the renewable energy arm of Tata Power, has emerged as the lowest bidder in the e-reverse auction of state-owned Maharashtra State Power Generation Co Ltd (MAHAGENCO), by quoting a tariff of Rs 2.51/kWh.

As per Mahagenco, TP Saurya Ltd emerged as the L1 bidder by quoting a tariff of Rs 2.51/kWh, while Satlaj Jal Vidyut Nigam Ltd (SJVNL) and NTPC Renewable Energy Ltd remained the L2 and L3 bidders with a quoted tariff of Rs 2.53/kWh and Rs 2.82/kWh respectively.

In January this year, MAHAGENCO had issued an e-reverse auction notification with a tariff cap of Rs 2.83/kWh to set up 250 MW solar PV capacity at Dondaicha Solar Park in Dhule district of Maharashtra.

In this regard, it had issued a request for proposal (RFP) for the selection of solar power developers (SPD).

As per the tender, MAHAGENCO will procure the clean energy generated by the company under a 25-year power purchase agreement (PPA), and will sell this power to state discom Maharashtra State Electricity Distribution Co Ltd (MSEDCL).

Besides, the successful bidder will have to build the capacity won within 15 months from the effective date of the power purchase agreement (PPA). 

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