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GUVNL Invites Bids to Procure Power from 500 MW Solar Projects with Greenshoe Option of Additional 500 MW

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GUJARAT URJA VIKAS NIGAM LTD. (GUVNL) invites tenders for purchase of power through competitive bidding process (followed by reverse e-auction) from 500 MW grid connected solarphotovoltaic power projects to be setup anywhere in India (Phase XVIII) with Greenshoe Option of additional upto 500 MW.

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Online Submission last date is 28.11.2022 Time: 5:00 PM
Offline Submission deadline is 30.11.2022 Time: 5:00 PM

Technical Bid Opening Date is 01.12.2022 Time: 11.00 AM

Tender Processing Fee (non-refundable) of Rs. 3 Lakhs plus 18% GST to be mandatorily paid through electronic mode (NEFT / RTGS).

Earnest Money @ Rs. 4 Lakh / MW is to be submitted in the form of Bank Guarantee along with the Response to RfS.

GUVNL may decide to enter into PPA with successful bidders for a period of 25 years from the scheduled commercial operation date of the project.

The Projects selected under this tender shall, deploy Solar PV Technology. However, the selection of projects would be technology agnostic within the technology mentioned above. Crystalline silicon or thin film etc., with or without trackers can be installed. Only commercially established and operational technologies can be used, to minimize the technology risk and to achieve the timely commissioning of the Projects.

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Projects under construction and not having any PPA with existing buyers shall also be eligible to participate in the tender.

The minimum project capacity shall be 25 MW.

For more details view the tender document below:

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