Gujarat Urja Vikas Nigam Ltd (GUVNL) floats tender for 500 MW grid connected Solar Power project

solar projects

Gujarat Urja Vikas Nigam Ltd (GUVNL) has decided to buy 500 MW of solar power through competitive bidding, which will be followed by an e-auction for the lowest price.

Gujarat Urja Vikas Nigam Ltd via RfS no GUVNL/Competitive/500MW/Solar dated 15.06.2017 has floated tender for procurement of 500 MW power from Solar Power Projects through Competitive Bidding (followed by reverse auction).

Last date for Submission of Response to RfS at GUVNL office, Vadodara is 10.07.2017. Cost of RfS Document (non-refundable) is Rs. 26250/ (inclusive of VAT), to be submitted in the form of DD/Pay Order, along with the response to RfS in favour of “GUVNL”, payable at Vadodara.

For conducting the e-bidding, GUVNL will use the portal of Telecommunications Consultants India Limited (TCIL), which is a Government of India undertaking (e-bidding Portal). Bidders are required to register themselves online with TCIL  as ‘Supply organization/ Bidder’, by paying ‘Buyer-specific Annual Portal Registration Fee’ to TCIL, through the payment gateway facility of the E-bidding Portal of Rs. 3,000 and subsequently download the RfS and other Bid Documents from the E-bidding Portal.

GUVNL notes that out of this 500 MW capacity 75 MW capacity may be allotted to Central PSUs / State PSUs/ Government controlled organizations, who are willing to execute PPAs with GUVNL at the lowest tariff discovered under competitive bidding process (followed by e-reverse auction). However, Central PSUs / State PSUs/ Government controlled organizations shall have to sign PPA with GUVNL at L1 rate within a period of 1 month from price bid opening / conclusion of reverse auction and such allocation shall be on first come first served basis. Further, the balance / un-allotted reserved capacity, if any, may be allotted to subsequent successful bidders in their order of ranking.

GUVNL will enter into PPA with successful bidders for a period of 25 years from the commercial operation date of the project. The maximum tariff payable to selected bidder shall be fixed for 25 years from the commercial operation date of the project, as discovered through the e-bidding and e-Reverse Auction conducted vide this RfS. The bidders will be free to avail fiscal incentives like Accelerated Depreciation, Concessional Customs and Excise Duties, Tax Holidays, benefits from trading of carbon credits, etc. as available for such projects.

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