Mahagenco Renewable Energy Ltd (MahaGenco REL) has issued a Notice Inviting Tender (NIT), reference number MahaGenco REL/PSP/T5/2026-2027, for consultancy services to prepare Detailed Project Reports (DPRs) for two massive Pumped Storage Projects (PSPs) in Maharashtra totaling 2,200 MW. The tender seeks comprehensive engineering, environmental, and statutory support for the Varandh Ghat and Koyna Stage-6 developments.
Project Breakdown and Locations
The procurement covers two strategic energy storage assets designed to provide critical grid-balancing services. The specific project configurations are as follows:
| Project Name | Capacity | Unit Configuration | Location (District) |
| Varandh Ghat PSP | 1,200 MW | 4 x 300 MW | Pune and Raigad |
| Koyna Stage-6 PSP | 1,000 MW | 4 x 250 MW | Satara |
Scope of Consultancy and Engineering Services
The selected consultant must complete the DPR preparation process within 690 days (extendable by 180 days for factors beyond the developer’s control), as these projects are located in a non-Himalayan region. The scope is categorized into three core functional areas:
1. DPR Preparation (CEA Version 3.0 Compliance)
- Formulation of Detailed Project Reports in strict adherence to the Central Electricity Authority (CEA) July 2024 Guidelines (Version 3.0), including the “Checklist of Documents for Vetting of PSPs.”
- Execution of all required technical studies, including Power Potential Studies, Hydrology, and specialized civil/electrical design chapters.
- Regulatory Insight: In line with Section 2.4.1 of the latest guidelines, if these projects are finalized as off-stream closed-loop PSPs, the consultant will not be required to secure “Clearance of Water Availability Series” or “Inter-State Aspects,” providing significant regulatory relief.
2. Statutory Clearances
- Procurement of all necessary permissions from relevant authorities for on-site surveys and investigations.
- Securing Techno-Economic Concurrence (TEC) or concurrence from the Central Electricity Authority (CEA).
3. Environmental and Forest Studies
- Execution of Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP) studies per the latest MoEF & CC guidelines.
- Drafting and submission of forest land diversion proposals and obtaining Wildlife clearance from the National Board for Wildlife where applicable.
Technical and Financial Qualification Criteria (QR)
To qualify, bidders must meet rigorous benchmarks demonstrating both technical scale and financial stability.
Technical Experience
Bidders must satisfy one of the two following technical pathways:
- Capacity-Based: Preparation of a DPR for at least one Hydro or PSP in India with a cumulative capacity of ≥500 MW (unit capacity >120 MW) in the last 5 years, including successful Techno-Economic Concurrence (TEC) from the CEA.
- Cost-Based (Work Value): Completion of similar consultancy works within the last five years meeting one of these financial thresholds:
- Three similar works costing at least INR 6.00 Crore each.
- Two similar works costing at least INR 7.50 Crore each.
- One similar work costing at least INR 12.00 Crore.
Financial Capacity
- Minimum Average Annual Turnover (MAAT): INR 15,00,00,000.00 (Fifteen Crores) over the last three financial years.
- Net Worth: Must be positive and at least 25% of the Paid-up share capital.
- Working Capital: A minimum of INR 10,00,00,000.00 (Ten Crores) as per the last audited statement.
Selection Methodology
MahaGenco REL will employ the Quality-cum-Cost Based Selection (QCBS) method, assigning a weightage of 70% to the Technical Proposal and 30% to the Financial Proposal.
Tender Fees and Administrative Details
- Tender Fee: INR 59,000 (Inclusive of 18% GST).
- Tender Processing Fee: INR 1,18,000 (Inclusive of 18% GST).
- Earnest Money Deposit (EMD): INR 30,00,000.
- MSME Exemption: EMD and Tender fees are waived for Micro and Small category MSMEs. However, the bidder must have been registered for consultancy services related to Hydro/PSP DPR preparation prior to the publication of this NIT (July 24, 2026).
Critical Timeline and Submission Schedule
- Document Download Deadline: August 20, 2026 (18:00 hrs)
- Online Submission Due Date: August 21, 2026 (14:00 hrs)
- Physical Submission (Techno-Commercial): August 24, 2026 (18:00 hrs)
- Bid Opening (Techno-Commercial): August 25, 2026 (11:00 hrs)
Official Contact Information
Inquiries regarding this procurement should be directed to the DGM (Commercial & Contracts) at MahaGenco REL:
- Email: dgmcomcon@mrel.in
- Mobile: +91 86522 00322
All future amendments, clarifications, or corrigenda will be published exclusively on the Bharat Electronic Tender portal (https://bharat-electronictender.com).
The official portals for accessing the tender details, downloading documents, and participating in the bidding process for the 2.2 GW Pumped Storage Projects are as follows:
- Primary E-Tendering Portal: https://www.bharat-electronictender.com
- MahaGenco Official Website: https://www.mahagenco.in
Important Instructions for Bidders:
- Registration: Bidders must register on the Bharat Electronic Tender portal to access the e-tender.
- Tender Number: Use the official tender reference number MahaGenco REL/PSP/T5/2026-2027 to search for the specific listing on these portals.
- Official Updates: Any future amendments, corrigenda, or updates related to this tender will be published exclusively on the Bharat Electronic Tender portal.
- Contact for Information: For further technical or commercial queries, bidders can contact the DGM (Commercial & Contracts) at dgmcomcon@mrel.in.
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