The Gujarat Electricity Regulatory Commission (GERC) has invited bids from qualified consultancy firms to provide professional support for evaluating, reviewing, approving, and monitoring Capital Investment Plans (Capex) and other related regulatory matters in the state’s power sector. The commission has issued a Request for Proposal (RFP) seeking experienced consultants to strengthen the implementation of its regulatory framework. As Gujarat’s autonomous and quasi-judicial electricity regulator, GERC oversees electricity generation, transmission, distribution, and trading across the state.
The consultancy assignment follows the implementation of GERC’s Multi-Year Tariff (MYT) Regulations, 2024, which introduced a five-year control period covering FY 2025-26 to FY 2029-30. One of the major provisions under these regulations is the introduction of a structured Capital Expenditure (Capex) Approval Framework. Through this initiative, the commission aims to ensure that investment proposals submitted by power utilities are technically sound, economically justified, and executed efficiently.
The selected consultant will examine major Capex proposals submitted by regulated utilities and provide recommendations for granting “In-Principle” approvals. The consultant will also review project cost estimates by comparing them with benchmark rates, assess any cost or time overruns, and monitor the implementation of approved projects. Another important responsibility will be to ensure that utilities do not divide large projects into smaller schemes to avoid regulatory approval limits. In addition, the consultant will review intra-state transmission projects developed under the Tariff-Based Competitive Bidding (TBCB) framework.
GERC has specified detailed eligibility requirements for participating firms. Interested consultants must be registered in India and should have at least 10 years of experience in power sector regulations, tariff design, and accounting. They must have successfully completed a minimum of six assignments related to regulated power infrastructure covering generation, transmission, and distribution. The consulting firm should also have at least 100 full-time professionals in India, including a minimum of 40 experts working in the power or infrastructure sector. Financially, bidders must maintain a positive net worth and an annual turnover of at least INR 10 crore in each of the last three audited financial years. Firms must also confirm that they have no conflict of interest with any entities regulated by GERC.
The project team must include experienced professionals such as a Project Director with at least 20 years of experience, a Project Manager, technical specialists, regulatory experts, and chartered or cost accountants. Bids will be evaluated under the Quality and Cost Based Selection (QCBS) method, with 70% weightage assigned to the technical proposal and 30% to the financial bid. Only firms securing at least 80 marks out of 100 in the technical evaluation will qualify for financial assessment.
According to the RFP, payments will be released in stages after the successful completion of key milestones, including preparation of the framework, issue of deficiency notes, and submission of final scrutiny reports. Interested firms must submit separate sealed technical and financial proposals to the Secretary of GERC at Gandhinagar by 6:00 PM IST on August 3, 2026. The commission has also stated that delays in delivering the agreed scope of work will not be accepted.
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