The Maharashtra State Electricity Distribution Company (MSEDCL) is looking to meet its renewable purchase obligations by issuing a tender to buy power from solar projects with a total output of 1 GW. The distribution company has said it will consider projects still under construction, or those commissioned but which have no long-term offtake deals. MSEDCL is offering 25-year power purchase agreements with a tariff ceiling of INR2.80/kWh ($0.039). The tender stated: "Projects under construction, projects which are not yet commissioned and projects already commissioned but do not have any long-term PPA with any agency and selling power on short-term or merchant plant basis will, however, be considered, in case these projects are not already accepted under any other Central or State Schemes and do not have any obligations towards existing buyers." Solar energy in India was estimated at about 1.15 billion kilowatt-hours (kWh) as on March 31, 2016, according to the International Energy Agency.
The Maharashtra State Electricity Distribution Company (MSEDCL) is looking to meet its renewable purchase obligations by issuing a tender to buy power from solar projects with a total output of 1 GW. The distribution company has said it will consider projects still under construction, or those commissioned but which have no long-term offtake deals. MSEDCL is offering 25-year power purchase agreements with a tariff ceiling of INR2.80/kWh ($0.039). Solar energy in India was estimated at about 1.15 billion kilowatt-hours (kWh) as on March 31, 2016, according to the International Energy Agency.