Gujarat Urja Vikas Nigam Limited (GUVNL) announced a request for selection (RfS) for the acquisition of power from 500 MW of grid-connected wind power projects to be built anywhere in India (Phase VI), with an additional 500 MW greenshoe option. According to the tender guidelines, the minimum bid capacity for intra-state projects will be 25 MW, and the minimum bid capacity for inter-state projects will be 50 MW. The projects can be located anywhere in India. Bids must be submitted by August 7, 2023.
Also, bidders must pay a non-refundable bid processing cost of Rs 300,000 plus 18 per cent goods and services tax, as well as Rs 1 million per MW of quoted capacity as an earnest money deposit. At the time of the power purchase agreement (PPA) signing, the successful bidder must deposit Rs 2 million per MW of the permitted capacity as a performance bank guarantee.
The successful bidders must enter into a 25-year PPA with GUVNL. The wind project developer will be in charge of designing the interface with the state transmission utility or central transmission utility (CTU) through a dedicated transmission line for energy delivery at the Gujarat Energy Transmission Corporation’s periphery. All transmission charges and losses up to the delivery point will be borne by the wind project developers in the case of interstate projects and projects connected via the CTU Network. Within 24 months of signing the PPA, the wind project developer must commission the projects.
Recently, GUVNL plans to purchase 600 MW of solar electricity from projects in the 600 MW Khavda solar park, with an additional 600 MW available under the greenshoe option.
In the same month, the winners of GUVNL’s tender for 800 MW of solar power with an extra 800 MW under the greenshoe option were announced. The winning companies include SAEL Industries, NLC India, and KPI Green Energy. The selected developers will build and operate solar power plants at Khavda Solar Park. SAEL Industries obtained 400 MW and NLC India obtained 300 MW at a rate of Rs 2.71 per kWh. KPI Green Energy was awarded 100 MW at Rs 2.70 per kWh.