GUVNL Tenders for Procuring 500 MW Solar Power

GUVNL has issued a tender, inviting bids from eligible projects and project developers for the purchase of 500 MW of solar power.

The Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a tender, inviting bids from eligible projects and project developers for the purchase of 500 MW of solar power through competitive bidding. The solar power will be procured from grid-connected solar photovoltaic power projects to be set up in the state.

According to the request for selection (RfS) document for the auction, the objective behind the tender is for the power utility to fulfil the renewable power purchase obligations (RPO) and meet future requirements of Discoms. “GUVNL intends to procure solar power up to 500 MW under Phase XI,” it stated.

It has been clarified that the projects under construction, those that are not yet commissioned, or projects already commissioned but without any long-term PPA with any agency will also be considered for this tender. And GUVNL will enter into a power purchase agreements (PPAs) with the successful bidders for a period of 25 years from the scheduled commercial operation date (SCOD) of the project.

The last date for bid submission is October 28, 2020. And the tender price bids will be opened on November 10, 2020, which will be followed by the e-reverse auction.

“Solar projects will also be allowed to be set up at existing wind farms that are already connected to the grid subject to availability of spare capacity for RE integration at the corresponding GETCO Gujarat Energy Transmission Corporation Limited/ CTU (Central transmission utility) substation,” it added.

In August, we had reported the results of the auction for GUVNL’s 700 MW solar tender that saw the entire capacity awarded to five bidders. With Tata Power and Vena Energy submitting the winning bids (Lowest Bids – L1) of Rs 2.78/kWh.

Both the L1 bidders secured capacities of 100 MW each under the tender. Followed by ReNew Power which secured 200 MW project capacity with its bid of Rs 2.79/kWh. SJVN Limited came in with the L3 bid of Rs 2.80/kWh and secured 100 MW capacity while TEQ Power secured the remaining 200 MW capacity with its bid of Rs 2.81/kWh.

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Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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