GUVNL invites RfS bids for 500 MW solar park project in Gujarat

Gujarat Urja Vikas Nigam Limited (GUVNL) has invited Request for Selection bids for the development of 500 MW grid-connected solar PV projects (Phase IV) in Gujarat.

According to the tender guidelines, GUVNL will sign a PPA with the successful bidder for a period of 25 years from the commercial operation date. Further, the successful bidder must report tie-up of financing arrangements for the projects within 12 months from the date of execution of PPA. Moreover, the solar power developer must bid for a minimum capacity of 25 MW. The last date for submission of bids is January 30, 2019.

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