Gujarat Urja Vikas Nigam (GUVNL) has invited bids from consultants to help prepare tender documents and carry out the bidding process to procure energy storage capacity from pumped storage projects (PSPs) on a long-term basis.

The last day to submit the bids is October 7, 2023. Bids will be opened on October 11.

Bidders must submit a tender processing fee of ₹15,000 (~$181) and an earnest money deposit of ₹50,000 (~$603).

The selected consultant must submit a security deposit of 10% of the total contract value within ten days of issuance of the work order.

The scope of work includes the preparation of tender documents, assisting GUVNL in floating the tender, holding bidders’ conference, assistance in conducting e-bidding, evaluation of technical and financial bids, and support to GUVNL for adoption of tariff before the Gujarat Electricity Regulatory Commission.

The estimated duration of the assignment is five months. However, the assignment will terminate only after concluding the tender and finalizing the tariff.

Bidders must have a minimum average annual turnover of ₹500 million (~$6.03 million) from consultancy services during the three preceding financial years. They should have a positive net worth.

Any delay attributable to the consultant beyond the scheduled completion period of the entire work will attract liquidated damages at 0.5% of the contract value per week, subject to a maximum of 10% of the contract value.

The Ministry of Power recently released guidelines to regulate and promote the development of pumped storage projects in the country. These guidelines clarified the methods for allotment of project sites through competitive bidding and ruled out any upfront premium for project allocation to make it financially viable.

Last December, the Ministry issued an order waiving the interstate transmission system charges on evacuating electricity from new hydropower projects in the country. This waiver is available to hydropower projects for which construction work is awarded, and power purchase agreements are signed by June 30, 2025.

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