Gujarat Urja Vikas Nigam (GUVNL) has issued a request for selection for procuring power from 500 MW solar projects on a build, own, operate basis. The tender includes a greenshoe option for an additional capacity of up to 500 MW, increasing the potential total to 1,000 MW.

Bids must be submitted by June 13, 2025. Bids will be opened on June 18.

Bidders must furnish an earnest money deposit of ₹928,000 (~$10,895)/MW, a tender document fee of ₹25,000 (~$293.50) plus 18% GST, and a tender processing fee of ₹300,000 (~$3,522) plus 18% GST.

Successful bidders must submit a performance bank guarantee of ₹2.32 million (~$27,237)/MW before signing the power purchase agreement (PPA). This guarantee will be valid for up to six months from the scheduled commencement of supply date (SCSD), with a claim period of up to seven months from this period.

The projects must be completed within 24 months from the signing of the 25-year PPA.

The scope of work encompasses the setup of the solar projects, including the electrical network up to the delivery point. It also includes obtaining the projects’ approvals, permits, and clearances.

The projects can be anywhere in India, with connectivity options to either the Central Transmission Utility (CTU) or Gujarat Energy Transmission Corporation substations. Projects located within Gujarat may opt for state transmission utility or CTU connectivity. Those outside Gujarat must be connected to the CTU or the interstate transmission system grid.

These solar projects must be grid-connected without energy storage. They can be located within existing wind projects.

Selected bidders must use commercially established and operational solar technologies, which can include crystalline silicon or thin film, with or without trackers.

The solar modules must be sourced from the Approved List of Models and Manufacturers.

The  modules and power conditioners must adhere to the International Electrotechnical Commission/Bureau of Indian Standards requirements.

Bidders must have a net worth of ₹9.28 million (~$108,963)/ MW of the quoted capacity as of either March 31, 2025, December 31, 2024, or March 31, 2024.

Project commissioning delays of up to six months will attract liquidated damages of ₹2.32 million (~$27,237)/MW. Delays beyond this period will result in a reduction of the contracted capacity to the commissioned capacity within the SCSD period plus six months.

In January this year, GUVNL invited bids to set up 500 MW/1000 MWh standalone battery energy storage systems under tariff-based competitive bidding (Phase VI).

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