GUVNL seeks 1 GW of solar power

Gujarat Urja Vikas Nigam Ltd (GUVNL) has issued a tender to procure up to 500 MW of solar power from non-park-based PV projects and an additional 500 MW under the Greenshoe option. Bidding closes on May 18.

April 19, 2022 Uma Gupta

Image: Goran Tek-en, Wikimedia Commons

Gujarat Urja Vikas Nigam Ltd (GUVNL) seeks to procure up to 500 MW of solar power from non-park-based PV projects and an additional 500 MW under the Greenshoe option. The projects shall be awarded through domestic competitive bidding followed by the e-reverse auction. GUVNL may enter into a 25-year power purchase agreement (PPA) with the successful bidders.

The successful bidders shall set up solar power projects to supply the power. They can opt for connectivity at STU or CTU Sub-station. The minimum project capacity shall be 25 MW.

Solar projects are also allowed to be set up in an existing wind farm already connected to the grid, subject to the availability of spare capacity for RE integration at the corresponding GETCO/CTU substation.

Up to 500 MW of additional capacity through Greenshoe option will be offered to the successful bidders willing to execute PPAs with GUVNL at the lowest tariff (L1 rate) discovered under the competitive bidding process.

Projects under construction and not having any PPA with existing buyers shall also be eligible to participate in the tender.

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