GUVNL intends to procure up to 500 MW of solar power from non-park-based, grid-connected PV projects to be set up anywhere in India and an additional up to 500 MW under the greenshoe option.
The developers will be selected through e-bidding followed by an e-reverse auction process. GUVNL may enter into a 25-year power purchase agreement (PPA) with successful bidders.
The successful bidder shall set up the solar project, including the electrical network up to the delivery point. The minimum project capacity is 25 MW.
The projects will be located at the locations chosen by the bidders anywhere in India.
“Projects under construction and not having any PPA with existing buyers shall also be eligible to participate in the tender. Solar projects will also be allowed to be set up in an existing wind farm which is already connected to the grid subject to the availability of spare capacity for RE integration at the corresponding GETCO/CTU substation,” as per the tender document.
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