Gujarat Urja Vikas Nigam (GUVNL) has invited bids to procure power from 500 MW grid-connected hybrid renewable energy projects with the possibility of expanding the capacity by an additional 500 MW through the greenshoe option.

The last date for the submission of bids is November 28, 2023. Bids will be opened on December 1, 2023.

Bidders have to submit ₹25,000 (~$300) + 18% GST as the cost of the tender fee, and ₹1.5 million (~$18,017) + 18% GST has to be submitted as a non-refundable processing fee.

Bidders have to furnish an earnest money deposit at the rate of ₹928,000 (~$11,146) x rated cumulative installed capacity of solar component (MW) + ₹1.26 million (~$15,182) x rated cumulative installed capacity of wind component (MW).

Successful bidders must provide a performance bank guarantee before signing the PPA. The guarantee amount is calculated as follows: [₹2.32 million (~$27,866) x rated installed Capacity of Solar component (MW) + ₹3.16 million (~$37,956) x rated installed capacity of Wind component (MW)].

The successful bidder has the option to connect its power station and facilities to either the state transmission utility or the central transmission utility substation.

If the bidders choose to connect the power station and facilities to an inter-state transmission system, the designated delivery point or interconnection point will be the point where electricity is delivered into the grid system of the Gujarat Energy Transmission Corporation.

GUVNL will not bear the interstate transmission charges and losses for the energy procured during the PPA’s term.

All expenses, including transmission and wheeling charges and losses between the project and the delivery point, even in the case of any change in law event, will be covered by the hybrid project developer without any reimbursement from GUVNL.

All expenses, including wheeling charges and losses related to the transmission and distribution beyond the delivery point up to the contracted capacity, will be borne by GUVNL.

Only wind turbine models listed in the MNRE’s Revised List of Models and Manufacturers updated until the project’s operational date will be allowed. Solar modules should be from MNRE’s Approved List of Models and Manufacturers (List-I) at the invoicing date.

Only well-established and operational technologies can be employed to minimize technological risks and ensure the timely commissioning of the projects.

Bidders are required to have a net worth equal to or greater than the amount calculated using the following formula, which is based on the installed capacity breakdown provided by the bidder:

Minimum Net-Worth Requirement = [(₹11.58 million (~$139,090) x rated installed capacity of solar PV component) + (₹13.86 million (~$166,476) x rated installed capacity of wind power component)]

The bidder should demonstrate this net worth amount as of either the last day of the previous financial year or at least seven days before the bid submission deadline.

Last month, GUVNL invited bids from consultants to help prepare tender documents and carry out the bidding process to procure energy storage capacity from pumped storage projects on a long-term basis.

In July, GUVNL issued a request for selection for the purchase of power from 500 MW of grid-connected wind power projects to be set up anywhere in India (Phase VI) with a greenshoe option of an additional 500 MW.

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