500 MW PV Tender For India’s Gujarat

Indian State Issues Competitive Bidding Tender For 500 MW of Solar Power; Offers Additional 500 MW As Greenshoe Option
12:26 AM (Beijing Time) - 10. February 2018

Key Takeaways

  • The state of Gujarat has issued a tender for 500 MW of grid-connected PV capacity
  • Gujarat Urja Vikas Nigam Limited (GUVNL) is offering an additional 500 MW under a greenshoe option to bidders for PPAs equal to the lowest tariff rate submitted for the first tranche of 500 MW
  • Balance of unallocated capacity will be given to the remaining bidders in order of their ranking in the initial price bids
  • GUVNL will sign a power purchase agreement with the successful bidders
  • March 19 is last date to submit request for selection (RfS) documents

Gujarat Urja Vikas Nigam Limited (GUVNL), a wholly-owned subsidiary of the state government of Gujarat, has issued a tender to procure power from 500 MW of grid-connected solar PV projects in Gujarat. The tender will be conducted via an e-reverse auction process.

Under a greenshoe option included in the tender, bidders will be able to compete for an additional 500 MW at the lowest tariff rate received for the original 500 MW tender. Confirmation must be given within 10 days of the price bid opening. Central and state level public sector undertakings (PSUs) and government-controlled organizations will be given priority. The balance of unallocated capacity will go to the remaining bidders in order of their ranking in the initial price bids.

Successful bidders selected through a competitive bidding process will also be required to set up sub-stations for the solar power projects. GUVNL will soon upload the tentative integration capacity available to districts and sub-stations on its website. The utility will enter into a PPA with the successful bidders for a period of 25 years. The minimum project capacity is 25 MW.

GUVNL will consider all projects already under construction, those yet to be commissioned and installations that are commissioned but do not have a long-term PPA with any agency and are selling power on a short-term or merchant-plant basis. Participants of projects already accepted under any central or state schemes may not compete.

The winners with a capacity of up to 250 MW will have 13 months to start commercial operations. Projects above that will need to be commissioned within 15 months.

GUVNL has launched the tender under Phase II of the scheme. It had previously launched a 500 MW tender in June 2017 (see Gujarat Tender 500 MW).

The last date to submit bids is March 19. Details about the tender are available on the website of GUVNL.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani