Mumbai, Sept 16: Adani group has won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power, sources said.Its bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said.
Supplies are to start in 48 months from the date of award of the letter of intent.
As per the bid conditions, Adani Power will supply solar power at a fixed cost of Rs 2.70 per unit throughout the entire supply period, while that from coal will be indexed to coal prices.
Maharashtra State Electricity Distribution Company (MSEDCL), in March, floated a unique tender for sourcing 5,000 MW of electricity generated from sunlight and 1,600 MW of power generated from coal.
That tender was floated just ahead of the model code of conduct for the Lok Sabha elections kicking in, and it was awarded to Adani before the announcement of the assembly elections in the state.
The tender combined solar power with thermal electricity to meet peak energy demand and that during non-solar hours (like night hours or monsoon/winter months).
It gave equal energy weightage to electricity generated from renewable energy and that from coal. Bidders were asked to quote a unified tariff for the supply of 6,600 MW of electricity (5,000 MW from solar and 1,600 MW from thermal).