Gujarat Urja Vikas Nigam Limited Floats 500 Megawatt Solar Power Tender

Gujarat Urja Vikas Nigam Limited invited bids for solar power to fulfil its renewable power purchase obligations (RPPO) and to meet future requirements of distribution companies (discoms).

Gujarat Urja Vikas Nigam Limited (GUVNL) has floated another tender to procure 500MW from grid-connected solar PV projects through competitive bidding after the power utility had successfully completing bidding to source 500MW solar power in 2017.

There is also a greenshoe option for the purchase of an additional 500MW.

The power utility invited bids for solar power to fulfil its renewable power purchase obligations (RPPO) and to meet future requirements of distribution companies (discoms).

The state-run utility in its tender document, said, “An additional 500 MW capacity through greenshoe option may be offered to participating bidders, who are willing to execute PPAs (power purchase agreements) with GUVNL at the lowest tariff (L1 rate).”

The minimum project capacity has been set at 25MW. The deadline for submission of bids is March 19, 2018, while technical and financial bids will be opened on March 20 and March 26, respectively. The date for the reverse e-auction will be intimated to eligible bidders after the bids are evaluated.

GUVNL will enter PPAs with the successful bidders for a period of 25 years from the scheduled commercial operation date of the project. At present, the state’s total installed power generation capacity is 1,420 MW.

Source: TOI