Bids Invited from Developers for 500MW Solar Projects in Gujarat

Gujarat Urja Vikas Nigam Limited (GUVNL) has released a Request for Selection (RfS) document for the purchase of solar power through a competitive bidding process (followed by reverse e-auction) from 500 MW grid-connected solar photovoltaic power projects to be set up in Gujarat (Phase XIII).

The online bid submission deadline is February 3, 2022, till 5:00 PM. Offline Submission must be made by February 5, 5:00 PM. Technical bids will be opened on February 7 at 11:00 AM.

Bidders interested to participate in the pre-bid meeting are required to get themselves registered on or before 17.01.2022 by sending an email to [email protected] with name, designation and mobile numbers of persons interested to participate. Further, Interested Bidders are requested to forward their queries (if any) to GUVNL through email / letter on or before 17.01.2022. The pre-bid meeting would be scheduled on 18.01.2022 through video conferencing. GUVNL will forward the link of video conferencing to registered bidders on the email address registred with GUVNL.

Key details of the RfS document are given below:

• Cost of RfS Document (non-refundable): Rs. 25,000/- plus 18% GST
• Processing Fee (non-refundable): Rs. 3 Lakhs plus 18% GST
• EMD: Earnest Money @ Rs. 4 Lakh / MW is to be submitted in the form of Bank Guarantee along with the Response to RfS.
• Performance Bank Guarantee (PBG): Rs. 9.44 Lakhs / MW (Rs 8 Lakh / MW plus GST @18%) to be submitted after issuance of LOA and before signing of PPA
• Minimum project capacity: 25 MW
• Eligibility criteria: The Net-Worth of the Bidder or its Affiliate or Parent / Ultimate Parent as on date of financial year ending i.e. 31.03.2021 or 31.12.2020 must not be less than INR 80 Lakhs per MW (of the capacity quoted).

The Bank Guarantees against EMD will be returned to the Successful Bidders after PBGs submitted by them are verified by GUVNL and PPAs are signed. The PBGs shall be valid upto a period of 6 months from Scheduled Commercial Operation Date (SCOD) of the Project with claim period upto 7 months from SCOD. The PBGs will be returned to the Successful Bidders immediately after successful commissioning of their Project, after taking into account any penalties due to delays in commissioning.

Power Purchase Agreements (PPA) will be signed with successful bidders within 30 days from the date of issue of Letter of Award (LoA) and will be valid for a period of 25 years from the date of SCOD.