GUVNL Issues Tender For 500 MW Solar Projects

GUVNL Seek Bids For 500 MW PV Project With 500 MW Greenshoe Option

GUVNL recently released a tender for the procurement of power through a competitive bidding process for a 500 MW Grid Connected Solar Photovoltaic Power Projects to be set up /under construction / already commissioned projects anywhere in India with Greenshoe option of additional capacity up to 500 MW without energy storage. The tender’s last date for online submission is 17.09.2024, whereas, the offline submission deadline is 19.09.2024

The tender specifies that the minimum capacity offered must be 50 MW for interstate-connected projects and 10 MW for STU-connected projects. The scope of the project requires the successful bidder to set up Solar PV Power Project(s), including the electrical network up to the delivery point, at their own cost, following the provisions of this RfS document.

GUVNL in its tender mentioned that all approvals, permits, and clearances required for setting up the project (including connectivity and land registration), and those required from State/Central Government and local bodies, shall be the responsibility of the successful bidder.

The selection of projects will be technology-agnostic within PV technology, allowing for the installation of crystalline silicon, thin film, etc., with or without trackers. To ensure that only quality systems are installed, bidders must strictly comply with the technical parameters detailed in Annexure A or as specified by MNRE from time to time, whichever is applicable.

The bidder must meet certain eligibility criteria for project capacity allocation. For instance, the tender states: “A bidder, including its Parent, Affiliate, Ultimate Parent, or any Group Company, can only submit a single application, subject to a minimum bid of 50 MW for interstate-connected projects and 10 MW for STU-connected projects.” Additionally, “Multiple bids from the same company, including its Parent/Ultimate Parent/Affiliates/Group Companies, shall render all bids submitted by the group invalid.”

Furthermore, “If the bidder wishes to set up projects at more than one location, then they must be physically identifiable with separate delivery points/interconnection points and metering arrangements. Additionally, a successful bidder can sign different PPAs for different projects to be set up, under construction, or already commissioned at different locations under the bidding company or its SPV(s).”

Qualification Requirements:

GUVNL in its tender mentioned that the successful bidder, in the case of its a single company, “Would ensure that its shareholding in the SPV/project company executing the PPA will not fall below 51% at any time before one year from the SCSD, except with the prior approval of the Procurer.”

Additionally, “If the Power Producer is a consortium, the combined shareholding of the consortium members in the SPV/project company executing the PPA is expected to not fall below 51% at any time before one year from the SCSD, except with the prior approval of the Procurer.”

BluPine Energy Secures Financial Closure For Gujarat Solar Project

Also Read

It elaborated, “The Power Producer shall ensure that its promoters do not cede control of the bidding company/consortium until one year from the SCSD, except with the prior approval of the Procurer. It is also essential that the Power Producer provides information about its promoters and their shareholding to the Procurer before signing the PPA.”

In case any foreign bidder is selected the tender stated, “As the successful bidder for the supply of power to GUVNL must incorporate a fully owned (100%) subsidiary Special Purpose Vehicle (SPV)/Project Company, registered under the Indian Companies Act 2013, before signing the PPA with GUVNL. Additionally, if a foreign bidder is selected as the successful bidder, they must comply with all laws and provisions related to Foreign Direct Investment in India.”