Tuesday, February 18, 2014: Even as Maharashtra State Power Generation Co (Mahagenco) is all geared up to set up a 50-MW solar plant on public-private partnership (PPP) model at Shirsuphal in Baramati district, the same has received bids from the likes of Tata Power, Welspun Energy and Essel Power. Under the model, the power producers will build, operate and maintain the plant for a period of 25 years. They will further share the revenue with the state power generation company.
“This is for the first time that we are trying out this model. We have so far received three bids from Tata Power, Welspun Energy and Essel Power,” Mahagenco managing director Asheesh Sharma was quoted by PTI as saying. “The producer will receive a revenue share over a period of 25 years based on the Merc approved tariff. This revenue share between the bidder and Mahangenco will be discovered through the bidding process.” he added.
For the project, Mahagenco will pay Rs 30 million per megawatt as its contribution till the commissioning of the project. It will arrange land, while also getting necessary approvals and distribution infrastructure. Asian Development Bank is financing the project, while Deloitte is the advising partner. “If the new PPP model is successful, we will then look at setting up another 200-250 mw capacity by FY15.” Sharma further said.
