Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids for the procurement of 250 MW of power from grid-connected wind power projects under its Phase XII tender, with an additional 250 MW available through a Greenshoe Option. The tender aims to encourage wind energy development through a tariff-based competitive bidding process followed by an electronic reverse auction. Successful bidders will sign a 25-year Power Purchase Agreement (PPA) with GUVNL for supplying wind power from projects located anywhere in India.
The tender, issued under RfS No. GUVNL / 250 MW / Wind (Phase XII) dated November 6, 2026, allows project developers to participate using commercially established wind energy technologies listed under the Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM Wind).
According to the tender conditions, the minimum bid capacity for intra-state projects connected to the Gujarat Energy Transmission Corporation Limited (GETCO) network has been fixed at 10 MW. For inter-state projects connected to the Central Transmission Utility (CTU) network, developers must submit bids for a minimum capacity of 50 MW. The maximum bid capacity for both categories is 250 MW.
GUVNL has also specified generation and financial eligibility requirements for participating developers. Bidders must declare a minimum Annual Capacity Utilization Factor (CUF) of 25% and maintain actual generation within a deviation range of ±20% of the declared CUF throughout the 25-year PPA period. Additionally, developers must demonstrate a minimum net worth of ₹1.27 crore per MW of their quoted project capacity to qualify for the bidding process.
The tender includes several financial commitments for participating developers. The non-refundable Request for Selection (RfS) document fee is ₹25,000, along with 18% Goods and Services Tax (GST). A separate document processing fee of ₹3 lakh, plus applicable GST, is also payable.
Bidders must submit an Earnest Money Deposit (EMD) of ₹13 lakh per MW in the form of a bank guarantee. The guarantee must remain valid for six months, with an additional claim period of seven months from the bid submission deadline. Successful bidders will be required to provide a Performance Bank Guarantee (PBG) of ₹32 lakh per MW at the time of signing the PPA. The PBG must remain valid for six months beyond the Scheduled Commencement-of-Supply Date (SCSD), with a seven-month claim period.
The tender document became available for downloading on November 6, 2026. Interested developers must complete pre-bid registration and submit queries by November 16, 2026. The pre-bid meeting will take place through video conferencing on November 17 at 11:30 AM.
The deadline for online bid submission is November 30, 2026, by 5:00 PM, while physical document submission must be completed by December 2 at 5:00 PM at GUVNL’s office in Vadodara. Technical bids are scheduled to open on December 3, 2026, at 11:30 AM. Dates for financial bid opening and the e-reverse auction will be communicated separately to qualified bidders.
Following tariff adoption by the Gujarat Electricity Regulatory Commission (GERC), successful developers must execute their PPAs within 15 business days. Projects must achieve full commissioning within 24 months from the date of PPA execution.
GUVNL has also established penalties for delays in project commissioning. Developers failing to meet the SCSD milestone will face liquidated damages through the daily encashment of their PBG, proportionate to the uncommissioned capacity, for up to 180 days. Beyond this period, the remaining uncommissioned capacity will be cancelled.
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