Gujarat invites bids for 500 MW of solar power capacity

Gujarat Urja Vikas Limited (GUVNL), a holding company under the state of Gujarat, has floated a tender for purchasing power from 500MW of grid-connected solar capacity. Projects that are underway and are not yet commissioned, or projects that are commissioned but do not have a long-term power purchase agreement (PPA) with any agency, are eligible for the tender. They can also be developed at wind farms subject to availability of spare capacity for renewables integration. The minimum capacity that bidders must quote is 25MW. The successful bidders will have to carry out all the steps involved in setting up the solar project; transmission network up till the delivery point and acquisition of approvals, permits and clearances at their own cost.  To be eligible, applicants must have a minimum net worth of Rs 8 million per MW of the capacity quoted. The declared annual capacity utilization factor must be at least 17 per cent. The technology that is expected to be used in the projects  includesphotovoltaic technology, crystalline silicon, or thin film, among others with or without trackers installed. The bidders must also assure a performance bank guarantee of Rs 944,000 per MW. Interested bidders would be required to submit an earnest money deposit of Rs 400,000 per MW of the quoted capacity. The last date for submission of bids is October 28, 2020.

The commercial operation date will be certified by the Gujarat Energy Development Authority (GEDA) after the project is commissioned. GUVNL will enter into a PPA with  successful bidders for a period of 25 years from the operation date. GUVNL has tendered about 6 GW under Phase I to XI. Most recently, the company auctioned 700MW of solar capacity for projects that would come up in Dholera solar park (Phase IX).

GET ACCESS TO OUR ARTICLES

Enter your email address