GUVNL Invites Bids for 600 MW Solar Projects With Additional Greenshoe Option
The last date to submit the bids online is November 15, 2022
September 30, 2022
Gujarat Urja Vikas Nigam (GUVNL) has invited bids for 600 MW of grid-connected solar power projects (Phase XVII) at the Khavda Solar Park in Gujarat with a greenshoe option of an additional capacity of 600 MW.
The last date to submit the bids online is November 15, 2022. Bids will be opened on November 18.
Bidders must submit a bid processing fee of ₹300,000 (~$3,681) plus 18% GST and ₹400,000 (~$4,898)/MW as an earnest money deposit. The successful bidder will have to furnish ₹944,000 (~$11,560)/MW as a performance bank guarantee after the issuance of the letter of intent and before signing the power purchase agreement (PPA).
GUVNL will enter into a PPA with successful bidders for 25 years from the scheduled commercial operation date of the project.
Only commercially established and operational technologies can be used for the projects to minimize the technology risk and to achieve the timely commissioning of the projects.
Bidders will be allowed to place a bid for a minimum of 100 MW capacity and in multiples of 100 MW only.
The net worth of bidders should not be less than ₹8 million (~$97,968)/MW of the capacity quoted.
The project should be designed to deliver energy at the 400/765 kV substation of the central transmission utility (CTU) at Khavda, i.e., at the CTU periphery through 33/400 KV internal pooling substation of the solar park to be developed by the developer.
All expenses, including transmission and wheeling charges and losses between the project and the delivery point, will be paid by the successful bidder without any reimbursement by GUVNL. All expenses, including wheeling charges and losses in relation to the transmission and distribution beyond the delivery point, will be borne by GUVNL.
The declared annual capacity utilization factor (CUF) should not be less than 17%. The successful bidder should maintain generation to achieve annual CUF within + 10% and -15% of the declared value till the end of ten years from the commercial operation date, subject to the annual CUF remaining a minimum of 15% of the declared annual CUF after that until the end of 25 years.
The solar modules to be used in the solar power projects must be warranted for peak output wattage, which should not be less than 90% at the end of ten years and 80% at the end of 25 years from the commercial operation date of the project.
In July this year, GUVNL invited bids to procure power from 750 MW of grid-connected solar projects (Phase XVI) with a greenshoe option of an additional capacity of up to 750 MW.
Earlier, GUVNL had issued a request for selection (RfS) from developers to purchase power from 500 MW of solar projects under Phase XIV with a greenshoe option of an additional capacity of up to 500 MW.
According to Mercom’s India Solar Tender Tracker, GUVNL has so far floated tenders for 8.15 GW of solar projects.