Gujarat Urja Vikas Nigam (GUVNL) has requested bids for 500 MW of grid-connected wind projects (Phase V), with a greenshoe option for an additional 500 MW. According to the tender guidelines, bidders must pay a bid processing fee of Rs 300,000 and 18 per cent Goods and Services Tax (GST). They must also provide Rs 1 million per MW as an earnest money deposit. At the time of signing the power purchase agreement (PPA), the successful bidder must provide an amount equal to Rs 2 million per MW.
GUVNL may enter into a PPA with successful bidders for a period of 25 years beginning with the project’s scheduled commercial operation date or the date of full commissioning, whichever is earlier. Projects considered for the tender include those that are currently under construction, those that have not yet been commissioned, and those that have been commissioned but do not have a long-term PPA with any agency and are selling power on a short-term or merchant plant basis. These projects should not have been accepted under any other federal or state programmes, nor should they have any obligations to current buyers. The deadline for submitting bids online is April 11, 2023.
In February 2023, GUVNL requested bids for the purchase of power from 500 MW of grid-connected solar power projects (Phase XIX) to be built anywhere in India with an additional 500 MW greenshoe option. According to the tender guidelines, the bidders must pay a processing fee of Rs 300,000 plus 18 per cent GST. The bidders are also required to provide Rs 400,000 per MW as an earnest money deposit. Following the issuance of the letter of intent and prior to the signing of the power purchase agreement, the successful bidder will be required to provide a performance bank guarantee in the amount of Rs 800,000 per MW of the quoted capacity.
