Gujarat Issues Tender for 500 MW of Solar Projects
The Gujarat Urja Vikas Nigam Limited (GUVNL) has floated a request for selection (RfS) to purchase power from 500 MW of grid-connected solar photovoltaic (PV) projects to be set up in the state in Phase XII.
Bidders must make an earnest money deposit of ₹400,000 (~$5,487)/MW. The last date for submitting online bids is February 23, 2021. Offline submissions can be made until February 25.
Successful bidders are expected to set up the solar PV power project, including the transmission network up to the delivery point. They must secure all necessary permits and clearances required for setting up the project, including connectivity and land registration.
To be eligible to participate in the competitive bidding process, applicants must have a net worth of at least ₹8 million (~$109,735)/MW of the capacity quoted. Bidders must place bids for a minimum project capacity of 25 MW. The projects must achieve financial closure within 12 months from signing the power purchase agreement (PPA).
The project’s declared annual capacity utilization factor (CUF) must be no less than 17%. The project must be designed for power delivery at the Gujarat Energy Transmission Company Limited (GETCO). The Gujarat Energy Development Agency (GEDA) will be the nodal agency for implementing the project.
The project must be interconnected with the state and central transmission utility substations directly through a dedicated line or a pooling substation of an existing wind farm.
