The Gujarat Industries Power Company (GIPCL) has invited bids for the supply of modules for a 500 MW solar project at the Great Rann of Kutch.

The last date to submit the bids is September 9, 2024.

Bidders must pay a tender fee of ₹29,500 (~$351.74), and an earnest money deposit of ₹100,000 million (~$1,192).

The successful bidder must furnish a performance bank guarantee (PBG) of 10% of the total contract price within a month after the letter of intent.

Bidder who are unable to provide insurance coverage for solar modules towards performance guarantee must submit a PBG of ₹2.5 million (~$29,808) per MW of solar module quantity ordered, valid for 25 years on the completion of supply and before the expiry of 10% the PBG contract.

The scope of work covers the manufacturing, testing, supply, packing and forwarding, handling, insurance, and transportation of solar modules with a minimum module capacity of 540 Wp and a maximum module capacity of 570 Wp.

The bidders or holding/subsidiary company should be a solar module manufacturer with 540 Wp or above rated bifacial modules included in the latest Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.

The bidders’ minimum average annual turnover for the last three financial years should be at least ₹5 million (~$59,617.27)/MWp. If the bidder quotes for 100 MWp, then the turnover will be ₹500 million  (~$5.96 million).

Their net worth during the last financial year should be positive.

GIPCL is developing a 2,375 MW capacity ultra mega solar/wind/hybrid renewable energy park with a power evacuation system including transmission line internal and external road, stormwater drainage, street lighting, water supply system including a desalination plant, fencing, creation of bund (if required), administrative buildings, telecommunication system, and security.

The company had also invited bids for the engineering, procurement, construction, and operations and maintenance for three years of a 75 MW grid-connected solar project near its Surat Lignite Power Plant.