GUVNL Issues Tender for 600 MW Solar Capacity with Greenshoe Option

GUVNL Looks to Procure 500 MW Hybrid Renewable Energy with 500 MW

Gujarat Urja Vikas Nigam Ltd (GUVNL) has issued a tender for the purchase of power via competitive bidding process followed by reverse e-auction from 600 MW grid connected solar photovoltaic power projects to be set up in GIPCL’s (Gujarat Industries Power Company Ltd) solar park at Khavda, Gujarat with greenshoe option of additional capacity upto 600 MW.

The last date for online submission is August 1, 2023 at  5:00 PM. For offline submission, the last date is August 3, 2023.

Technical bid opens on August 4, 2023 at 11:30 AM. Financial bid opens on August 10, 2023 at 11:30 AM followed by reverse auction process.

Earnest money deposit at Rs. 4 Lakh/MW is to be submitted in the form of bank guarantee along with the response
to RfS.

Recently, GUVNL invited bids for the purchase of power through competitive bidding process for 800 MW solar projects with greenshoe option.

As of March 31, 2023, the total capacity of GUNVL stands at over 19 GW of renewable energy. It has installed wind capacity worth 10.41 GW and installed capacity of solar worth 9.68 GW. The solar rooftop capacity is 2.68 GW. Some of its recent solar and renewable energy projects include Khavda Solar Park, Dholera Solar Park, Harshad Solar Project, Raghanesda Solar Park. For the Dholera Solar Park, 300 MW Capacity is commissioned and the process for 700 MW capacity is underway. The 700 MW Raghanesda Solar Park in Banaskantha District is under development wherein 600 MW capacity has been commissioned and the remaining 100 MW is in advance stage of development.

The tender can be viewed here.