GUVNL Invites Bids For Purchasing Power From 200 MW Solar Projects

GUVNL has issued an RfS for procuring solar power from 200 MW solar PV projects located in the 700 MW capacity Raghanesda Solar Park.

The Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Request for Selection (RfS) for procuring solar power through a competitive bidding process (followed by reverse e-auction (e-RA)) from 200 MW solar PV projects located in the 700 MW capacity Raghanesda Solar Park (Phase-VI).

In order to fulfill the renewable purchase obligation (RPO) and to meet the future requirements of Discoms, GUVNL intends to procure 200 MW solar power from the projects to be located in 700 MW Raghanesda Solar Park through competitive bidding process (Phase VII) on “Build Own Operate” basis. GUVNL is re-tendering the 200 MW capacity which remained unallocated in the Phase III-R tender invited in March. The principle tendering process for Raghanesda Solar Park (Phase III) was initiated through RFS dated September 28, 2018, wherein a pre-bid meeting was held on October 22, 2018.

The last date for bid submission is July 24, 2019, and the techno-commercial bids will be opened on July 25, 2019. The financial bid opening has been scheduled for August 1, 2019, which will be followed up by the e-RA. All bidders must submit an Earnest Money Deposit of Rs 10 lakh per MW of their bid capacity along with their bids.

GUVNL will enter into a Power Purchase Agreement (PPA) with successful bidders for a period of 25 years from the scheduled commercial operation date of the project. The maximum tariff payable to the selected bidder and that a bidder can quote at any stage during the bidding process in this tender shall be Rs 2.65 per unit.

Since the park has been subdivided into plots of 100 MW capacity each, every bidder will be allowed to place a bid for minimum 100 MW capacity and in multiples of 100 MW only.

GUVNL has floated a similar RfS along with this tender for purchasing of power from 750 MW of solar power projects located in the 1000 MW Dholera solar park in the state. The provisions in both the RfS documents are identical with the exception of minimum bid capacities.

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