FAGMIL Invites EOI For 2.52 MW Solar Project In Jodhpur Under BOO Model

FCI Aravali Gypsum and Minerals India Limited (FAGMIL), a Government of India enterprise under the Department of Fertilizers, has invited an Expression of Interest for a new renewable energy project in Jodhpur. The company is looking for experienced solar power developers to supply, install, commission, and operate a 2.52 MW AC solar power plant at Bhawad. The project will be developed under the Build-Own-Operate model and will run for a period of 25 years.

The selected developer will be responsible for the complete engineering design, land ownership status, procurement, financing, and long-term maintenance of the plant. The initiative supports India’s renewable energy goals and aligns with the national plan to reach 500 GW of green energy capacity by 2030. It will also help meet the Power Purchase Agreement already executed with RUVITL, which requires the project to be commissioned by December 31, 2025.

The eligibility criteria for participation have been clearly defined. Bidders must have a minimum net worth of INR 5 crore at the end of the 2024-25 financial year. They must also show an annual turnover of at least INR 10 crore during the last three financial years. The selection will be based on the lowest tariff offered, following the L-1 system. The benchmark PPA tariff has been fixed at ₹3.323 per unit. FAGMIL has also released key dates related to the EOI process. The EOI was published on December 31, 2025, and a pre-bid meeting is scheduled for January 5, 2026. Interested participants can seek clarifications until January 15, and replies will be issued by January 19. The last date for submission of the EOI is January 21, followed by the opening of bids on January 22.

The project also includes strict financial security requirements. Bidders must submit an Earnest Money Deposit of Rs. 2,00,000, which can be paid through Demand Draft, Bank Guarantee, or online mode. Unlike many tenders, no exemptions will be given to Udhyam or startup firms. The successful bidder must further provide a Performance Bank Guarantee amounting to Rs. 1,39,36,662. This amount is based on the minimum annual energy generation guarantee of 41.94 lakh units at the approved tariff. The performance security will be returned without interest within three months after the completion of the 25-year PPA period. The project demonstrates FAGMIL’s commitment to supporting renewable energy growth and highlights opportunities for private developers to contribute to India’s long-term clean energy expansion.