Gujarat Urja Vikas Nigam Ltd (GUVNL) plans to procure 500 MW solar power from the projects to be set up anywhere in India. The projects will be awarded through competitive bidding. GUVNL may decide to enter into 25-year power purchase agreements (PPA) with the successful bidders.
The additional capacity of up to 500 MW through a greenshoe option will be offered to the successful bidders who are willing to execute PPAs with GUVNL at the lowest tariff discovered under the competitive bidding process.
The minimum quantum of power offered by the bidder should be 50 MW.
The successful bidders will set up PV projects on a build-own-operate basis. The projects can be located anywhere in India. The developer can opt for connectivity at the state transmission utility (STU) or central transmission utility (CTU) sub-station in case the project is set up in Gujarat. In case the project is set up outside Gujarat, the successful bidder shall opt connectivity with the CTU/ISTS grid.
“Projects under construction, projects which are not yet commissioned and projects already commissioned but do not have any long term PPA with any agency and selling power on short-term or merchant plant basis will, however, be considered, in case these projects are not already accepted under any other Central or State Schemes and do not have any obligations towards existing buyers,” reads the tender document.
Bidding closes on Dec. 4.
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