GUVNL RFS For 500 MW Solar Projects Under Phase XII Out

GUVNL RFS For 500 MW Solar Projects Under Phase XII Out Gujarat Notifies Renewable Energy Policy-2023 with Focus on Wind-Solar Hybrid Technologies

The Gujarat Urja Vikas Nigam Limited (GUVNL) has floated a request for selection (RfS) for 500 MW of grid-connected solar photovoltaic (PV) projects to be set up in the state in Phase XII. With this, the state has consolidated its lead as one of the most active state level undertakings to issue solar tenders successfully, at over 7.5 GW till date. State auctions have become a viable option for many developers in recent months, thanks to delays in signing of PSA’s when it comes to centrally auctioned tenders. States with a decent payment record are stepping in with their own tenders accordingly. Gujarat has already seen a rate of Rs 1.99 for its tenders during Phase XI. A pointer to the sort of bids it will expect.

Successful bidders are expected to set up the transmission network up to the delivery point for the solar project. They must secure all necessary permits and clearances required for setting up the project, including connectivity and land registration. Combining the transmission work has been the state agencies way of avoiding disputes linked to delays in transmission works completion previously, which have led to major legal issues.

Bidders must make an earnest money deposit of ₹400,000 /MW. The last date for submitting online bids is February 23, 2021. Offline submissions can be made until February 25.

Bids have to be made for a minimum project capacity of 25 MW, with financial closure needed within 12 months of signing the power purchase agreement (PPA).

The project’s declared annual capacity utilization factor (CUF) must be no less than 17% with the designed for power delivery at the nearest sub station of Gujarat Energy Transmission Company Limited (GETCO). The Gujarat Energy Development Agency (GEDA) will be the nodal agency for implementing the project. Technical specifications have to meet MNRE norms and required certifications, with the state agency technology agnostic on the type of panels used.

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