KPI Green Energy, SAEL, and NLC India Win GUVNL’s 800 MW Solar Auction

The tender was floated in May this year


KPI Green Energy, SAEL Industries, and NLC India have won Gujarat Urja Vikas Nigam’s (GUVNL) auction to develop 800 MW of grid-connected solar power projects (Phase XX) at the Khavda Solar Park in Gujarat.

The developers can avail of a greenshoe option of an additional 800 MW.

KPI Energy bagged 100 MW by quoting ₹2.70 (~$0.033)/kWh. SAEL Industries and NLC India won 400 MW and 300 MW by quoting ₹2.71 (~$0.033)/kWh each.

GUVNL 800 MW Phase XX Auction

The tender was floated in May this year.

GUVNL will enter into a power purchase agreement (PPA) with successful bidders for 25 years from the scheduled commercial operation date of the project.

The project should be designed to deliver energy at the Gujarat Energy Transmission Corporation (GETCO) periphery. The successful bidder will be responsible for getting the grid connectivity with GETCO or the central transmission utility.

The projects’ 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 projects should be from the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.

Also, the solar modules 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 project’s commercial operation date.

GUVNL recently announced the winners of its auction for 500 MW of grid-connected solar power projects (Phase XIX). The winning bid in the auction was ₹2.71 (~$0.0329)/kWh.

According to Mercom’s India Solar Tender Tracker, GUVNL has so far floated tenders for 12.8 GW of solar projects and auctioned 8.35 GW of solar power projects.