GUVNL Floats Bids for 600 MW Solar Projects With A Greenshoe Option

Gujarat Urja Vikas Nigam (GUVNL) has floated a tender to purchase power from 600 MW of grid-connected solar power projects at the Khavda Solar Park, Gujarat. There is a greenshoe option with an additional capacity of 600 MW for inclusion in this tender.

The last date for submitting the bid for this 600 MW solar power project is November 15, 2022, & bids will be opened on November 18, 2022.

This 600 MW solar tender includes the scope of the work of setting up the solar plant of awarded capacity, including design & engineering, manufacture/procurement, supply, installation, testing, and commissioning including warranty obligation with comprehensive operation and maintenance. 

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Each interested bidder will have to pay Rs. 3,54,000 (including 18% GST) as a bid processing fee. Each interested bidder will also have to pay Rs. 4 Lakh per MW as an earnest money deposit/bank guarantee. The awarded bidder must provide Rs. 9,44,000 as a performance bank guarantee (PBG) after the issuance of the letter of intent and before signing the power purchase agreement (PPA). 

With the chosen bidders, GUVNL will sign a PPA that will last for 25 years starting on the project’s anticipated commercial operation date. Only bids in multiples of 100 MW, starting at a minimum of 100 MW, will be accepted. 

The winning bidder will be responsible for paying all costs, including transmission, wheeling, and losses between the project and the delivery site, with no reimbursement from GUVNL. GUVNL will be responsible for covering all costs, including wheeling fees and losses related to transmission and distribution past the delivery point.

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The minimum annual turnover for the last three financial years, the requirement for prospective bidders to participate in the bidding process is at least shall be calculated as follows:

4.0 Cr. X Capacity in MW bidder is bidding X 0.7 = X Cr. 

The net worth of the bidder should also be at least Rs 80 lakhs per MW. 

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Bidders can view/download this Gujarat Urja Vikas Nigam (GUVNL) 600 MW solar tender documents and technical specifications here.

Earlier, Gujarat Urja Vikas Nigam Limited (GUVNL) invited a request for proposals for 500 MW of power supply on a short-term basis through tariff based competitive bidding process.