Gujarat Invites Bids to Procure 500 MW of Wind Power with Greenshoe Option

The last date to submit the bids online is April 11, 2023


Gujarat Urja Vikas Nigam (GUVNL) has invited bids to procure power from 500 MW of grid-connected wind projects (Phase V) with a greenshoe option of an additional capacity of up to 500 MW.

The last day to submit the bids online is April 11, 2023. Bids will be opened on April 17.

Bidders will have to pay ₹300,000 (~$3,628) plus 18% Goods and Services Tax (GST) as bid processing fee.

They must also furnish ₹1 million (~$12,092)/MW as an earnest money deposit. The successful bidder will have to furnish an amount equivalent to ₹2 million (~$24,184)/MW at the time of signing the power purchase agreement (PPA).

GUVNL may enter into a PPA with successful bidders for 25 years from the scheduled commercial operation date of the project or the date of full commissioning of the project, whichever is earlier.

Projects considered for the tender include the ones 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 a short-term or merchant plant basis. These projects should not have been accepted under any other central or state programs or have any obligation toward existing buyers.

Bidders can bid for a minimum capacity of 25 MW for intrastate projects and a minimum capacity of 50 MW for interstate projects.

Bidders should ensure pre-bid tie-up with not less than three manufacturers for the project’s design, engineering, supply, procurement, construction, and operation & maintenance.

The net worth of bidders as of the last day of the previous financial year should not be less than ₹12 million (~$145,104)/MW of the quoted capacity.

In order to ensure that quality systems are installed, only type-certified wind turbine models listed in the Revised List of Models and Manufacturers of wind turbines prepared by the Ministry of New and Renewable Energy will be allowed.

According to the tender documents, the project should be designed for interconnection with the state transmission utility or the central transmission utility substation through a dedicated transmission line for the delivery of energy at the Gujarat Energy Transmission Corporation periphery.

The successful bidder will be responsible for getting grid connectivity.

All expenses, including wheeling charges and losses between the project and the delivery point, will have to be borne by the successful bidder without any reimbursement by GUVNL.

The declared annual capacity utilization factor (CUF) should not be less than 22%. The successful bidders will have to maintain generation to achieve annual CUF within +20% and -20% of the declared CUF during the PPA duration of 25 years.

In January this year, Juniper Green Energy, WYN Renewables (EDF Renewables), ACME Pokharan Solar, and Solarcraft Power India won GUVNL’s auction to supply power from 300 MW of grid-connected wind projects (Phase-IV) with a greenshoe option of an additional 300 MW.

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