The Maharashtra Krishna Valley Development Corporation (MKVDC), a part of the Maharashtra Government’s Water Resources Department, has released an Expression of Interest (EoI), saying that it requested EoIs up until August 5, 2026, to meet the minimum storage requirement applicable to the intended Commercial Operation Date (COD) of FY 2028–2029. The project will feature the construction and integration of floating solar PV with a capacity of up to 59 MW, together with a 29 MW/59 MWh BESS. A co-located Battery Energy Storage System (BESS) will be designed, supplied, installed, commissioned, operated, and maintained by the chosen concessionaire.
The Maharashtra Renewable Energy and Energy Storage Policy stipulates that the minimum storage time is two hours and that the storage power capacity must be at least 50% of the contractual renewable energy capacity. The reservoir has great potential for floating solar development, according to the EoI.
It has been determined to be appropriate for large-scale Floating Solar Photovoltaic (FSPV) deployment based on first feasibility assessments. During the Detailed Project Report (DPR) stage, it is also subject to thorough validation. An 81 MWp (DC) and 58 MWac (AC) Floating Solar Photovoltaic (FSPV) project with a Battery Energy Storage System (BESS) in the Ekrukh Reservoir is the tentative goal of the EoI.
Concerning the Project
With a Commercial Operation Date (COD) of FY 2028–2029, the tender is in line with the Maharashtra Renewable Energy and Energy Storage Policy 2025–2026 to 2035–2036. A co-located BESS is included in the base scope of the project configuration.
Projects commissioned up until FY 2029–30 must include a minimum storage capacity equal to at least 50% of the renewable energy capacity, with a minimum discharge duration of two hours, in accordance with the policy regulations. The minimum discharge length rises to four hours for projects commissioned starting in FY 2030–2031. As a result, the BESS will be built to fulfil the two-hour requirement, with the option for modular augmentation to four hours in the event that the COD timeframe changes.
The tender’s goal
Choosing a qualified private developer to plan, design, finance, construct, commission, operate, and maintain a Floating Solar PV and Battery Energy Storage System (FSPV + BESS) project on the Ekrukh Reservoir under a 25-year Lease-Develop-Operate-Transfer (LDOT) is the project’s goal.
Through an organised Public-Private Partnership (PPP) between the Maharashtra Krishna Valley Development Corporation (MKVDC) and a seasoned private-sector concessionaire, the Authority plans to develop the Floating Solar PV and Battery Energy Storage System (FSPV + BESS) project at the Ekrukh Reservoir
The project will be carried out using a concession-based Lease-Develop-Operate-Transfer (LDOT) approach, which is ideal for large-scale renewable energy infrastructure that needs long-term operational reliability, private investment, sophisticated technical design, and environmental stewardship. Currently, 25 years from the Commercial Operation Date (COD) is the estimated duration of the concession.
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