Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Request for Selection (RfS) to procure 500 MW of solar power from grid-connected photovoltaic projects without energy storage. These projects may be new, under construction, or already commissioned anywhere in India. Additionally, the tender includes a greenshoe option of up to another 500 MW.
Those who wish to attend the pre-bid meeting must register by 28th May 2025. They can submit their queries via email by 30th May 2025. The pre-bid meeting will be held on 3rd June 2025 at 11:30 AM through video conferencing. The last date for online bid submission is 13th June 2025 by 5:00 PM. Physical documents must be submitted by 17th June 2025 by 5:00 PM. Technical bids will be opened on 18th June 2025 at 11:30 AM. The date and time of the financial bid opening and reverse e-auction will be informed to eligible bidders later.
The cost of the RfS document is ₹25,000 plus 18% GST, payable via NEFT or RTGS. Additionally, a non-refundable processing fee of ₹3,00,000 plus 18% GST is applicable.
Bidders must submit an Earnest Money Deposit (EMD) of ₹9,28,000 per MW in the form of a bank guarantee. The successful bidders must provide a Performance Bank Guarantee (PBG) of ₹23,20,000 per MW, valid for six months from the Scheduled Commencement of Supply Date (SCSD), with an additional one-month claim period.
The selected projects must be commissioned within 24 months of signing the Power Purchase Agreement (PPA), and the supply duration under the PPA will be 25 years from the SCSD. Projects can be set up at any location in India and must connect either to the State Transmission Utility (GETCO) or Central Transmission Utility (CTU) network. All transmission costs up to the delivery point are to be borne by the successful bidder.
The minimum project capacity for STU-connected projects is 10 MW, and for interstate CTU-connected projects is 50 MW. The minimum required annual Capacity Utilization Factor (CUF) is 22%. Bidders not meeting this will be considered non-responsive, and their EMD forfeited.
Eligible projects include those under construction, not yet commissioned, or commissioned but not having any long-term PPA. However, projects already under PPA with GUVNL or others cannot terminate such agreements to participate in this RfS.
The bidders must meet financial eligibility, demonstrating a net worth of ₹92.8 lakh per MW based on financials ending 31st March 2025, 31st December 2024, or 31st March 2024. Only companies (not LLPs) may participate, and foreign bidders must set up an Indian subsidiary before the PPA signing.
GUVNL will evaluate bids through a competitive bidding process followed by an e-reverse auction. The greenshoe capacity will be allocated at the discovered L1 tariff to willing successful bidders. Commissioning certificates must be obtained from GEDA or a relevant state nodal agency.
Liquidated damages for delay in project commissioning beyond SCSD are set at ₹23,20,000 per MW for up to six months. Projects are allowed to begin supplying power before SCSD, and GUVNL has the first right of refusal to buy such early power at the PPA tariff.
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