GUVNL Floats Tender for 1,125 MW of Solar Projects

The last date for the submission of bids is February 15, 2023


Gujarat Urja Vikas Nigam (GUVNL) has invited bids to procure power from 1,125 MW grid-connected solar power projects to be set up in Gujarat State Electricity Corporation (GSECL)’s renewable energy park at Khavda (GSECL Stage-3) without energy storage.

The last date for the submission of bids is February 15, 2023. Bids will be opened on February 19.

Bidders have to submit ₹25,000 (~$300) + 18% GST as cost of the tender document.

The bid processing fee is ₹300,000 (~$3,603). The earnest money deposit is ₹928,000 (~$11,146)/MW of the quoted capacity.

The successful bidder must furnish an amount equivalent to ₹2.32 million (~$27,866)/MW of the allotted capacity as a performance bank guarantee after the letter of intent is issued and before the power purchase agreement (PPA) is signed.

The minimum capacity offered by the bidders should be 50 MW.

Projects that are under construction, those that are not yet operational, and those that are already operational but lack a long-term power purchase agreement (PPA) with any agency and sell power on a short-term or merchant basis will be eligible. However, this applies only to projects that have not been accepted under any other central or state programs and have no obligations to existing buyers.

The successful bidders must sign the PPA with GUVNL within 30 days from the date of the letter of intent or within ten days from the Gujarat Commission’s adoption of the tariff, whichever is later.

Only commercially established and operational technologies must be used to minimize technology risk and ensure timely project commissioning.

The net worth of bidders as of the last date of the previous financial year should not be less than ₹9.28 million (~$97,574)/MW of the quoted capacity.

Any bidder from a country that shares a land border with India will be eligible to bid in this tender.

The projects’ declared annual capacity utilization factor (CUF) should not be less than 17%. The successful bidder must maintain generation to achieve annual CUF within + 10% and -15% of the declared value until the end of ten years from the commercial operation date, subject to the annual CUF remaining a minimum of 15% and within +10% and – 20% of the declared value of the annual CUF after that until the end of the PPA duration of 25 years.

GUVNL has mandated the use of solar modules from the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.

Recently, GUVNL invited bids to purchase power from 500 MW of grid-connected solar power projects (Phase XXII) to be set up anywhere in India, with a greenshoe option of an additional 500 MW.

Recently, Alfanar Projects, Juniper Green Energy, and RIH Renewables (EDF Renewables) were declared winners in GUVNL’s auction to set up 500 MW of grid-connected wind power projects anywhere in India (Phase VI) with a greenshoe option of an additional 500 MW.

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