Gujarat invites bids for developing 500 MW of solar projects

The Gujarat Urja Vikas Nigam Limited (GUVNL) has floated a tender for the development of 500 MW of grid-connected solar photovoltaic projects which will be installed in the state under phase XII of the state utility’s auctions. The developer is expected to set up the solar projects with a transmission system up tothe delivery point. Further, they must also procure the required permits and clearances, which include connectivity and land registration that are required for setting up the projects. Bidders must place a minimum bid of 25 MW. The projects must achieve financial closure within 12 months of the signing of the power purchase agreement. The project must also record a capacity utilisation factor of at least 17 per cent. Bidders will be required to make an earnest money deposit of Rs 400,000 and the deadline for submission of bids is February 21, 2021.

To be eligible, bidders must have a net worth of at least Rs 8 million per MW of capacity quoted. Further, the GUVNL has specified that bidders can only use Crystalline silicon or thin-film modules with or without trackers. The project will be developed to supply power at the Gujarat Energy Transmission Company Limited and The Gujarat Energy Development Agency will be the nodal agency for the project’s implementation. The solar project must also be interconnected with state and central transmission utility substations directly through a dedicated line or a pooling substation in the form of an existing wind farm.

So far, GUVNL has issued tenders for 7.65 GW of solar capacities in the state. In December 2020, GUVNL’s phase XI auction for 500 MW of solar capacity had recorded a record-low tariff of Rs 1.99 per kWh.

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