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GUVNL Invites Bids for 500 MW Hybrid Renewable Energy Projects with Greenshoe Option

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Representational image. Credit: Canva

Gujarat Urja Vikas Nigam Limited (GUVNL) has released a Request for Selection (RfS) for the procurement of power through competitive bidding, which will be followed by a reverse e-auction.

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The project in question involves the purchase of 500 MW of grid-connected hybrid renewable energy projects, with an additional “greenshoe option” of 500 MW.

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The bid deadline for online submissions is November 28, 2023, while physical document submissions must be made by November 30, 2023.

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The technical bid opening is scheduled for December 1, 2023, with the financial bid opening and reverse e-auction taking place on December 6, 2023.

The RfS document costs Rs. 25,000 plus 18% GST, and there is a tender processing fee of Rs. 15.0 lakhs plus 18% GST. Additionally, an earnest money deposit is required in the form of a bank guarantee.

View tender document for more details:

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