GUVNL Issues Tender for Supply of 500 MW Power on Short Term Basis through Tariff Based Competitive Bidding Process

Gujarat Urja Vikas Nigam Ltd., (GUVNL) Issues tender for supply of 500 MW power Power Procurement on Short-Term Basis Through Tariff-Based Competitive Bidding Process.

Deadline for submission of RFP Bids, including EMD is 12th February 2024.

Bidders must submit an EMD for the maximum capacity they intend to offer, either in a single bid or the total of multiple bids, at a rate of Rs. 30,000 per MW.

The cost of tender fees, including ECS, is Rs. 10,000 plus an additional 18% GST.

The EMD will be reimbursed to unsuccessful bidders within 10 days following the expiration of the bid validity period.

To participate in the e-Bidding events, all bidders must pay the required fee of Rs. 500 per MW for the maximum bid capacity to PFC Consulting Limited (PFCCL).

The fee, along with applicable taxes, should be deposited via the e-Payment Gateway provided by MSTC Ltd. Following the bidding process, successful bidders will be responsible for the charges related to the allocated quantum.

Any excess amount will be refunded by PFCCL within seven (7) working days, without interest.

Similarly, fees deposited by non-selected bidders will be refunded by PFCCL within seven (7) working days after the event’s completion, also without interest.

The bidder can propose power up to the specified quantity outlined in the RFP document on a firm basis. The power supply can originate from one or more sources, with each source offering a minimum of 50 MW. Proposals falling below this specified threshold will render the bid non-responsive.

The offer against the tender should remain valid for a period of 30 days from the day of opening of the tender (e-reverse auction).

The reverse auction should commence within 120 minutes of the opening of Initial Price Offers and shall proceed uninterrupted for the following 120 minutes without any extension, whether automatic or otherwise.