GUVNL Issues Tenders For 950 MW Solar

GUVNL Retenders Unallocated Capacity Of 750 MW For Dholera Solar Park & 200 MW For Raghanesda Solar Park With July 24, 2019 As Last Date Of Bid Submission
05:53 AM (Beijing Time) - 26. June 2019

Key Takeaways

  • GUVNL has issued 2 separate tenders for 950 MW of total capacity unallocated in the previous tenders
  • For Dholera Solar Park, it has retendered 750 MW with INR 2.75 ($0.040) per kWh as the tariff cap
  • For 200 MW retendered for Raghanesda Solar Park, GUVNL has fixed maximum tariffs at INR 2.65 ($0.0380) per kWh
  • July 24, 2019 is the last date for bid submission for both the tenders

Gujarat Urja Vikas Nigam Limited (GUVNL) has issued 2 separate tenders for unallocated capacity from its previous tenders for the 1 GW Dholera Solar Park and 700 MW Raghanesda Solar Park. Both the tenders were undersubscribed and received bids only for 300 MW and 600 MW, respectively.

Dholera Solar Park (Phase VII) tender

Launched in January 2019, the 1 GW Dholera Solar Park tender saw only 250 MW auctioned off to Gujarat Industries Power Company Limited (GIPCL) that offered the lowest bid (L1) bid of INR 2.75 ($0.0392) per kWh for 200 MW. Tata Power won 50 MW for the same tariff (see GUVNL Auctions 250 MW Of 1 GW Solar Tender).

GUVNL has now retendered 750 MW that remained unallocated during the last round; it continues with INR 2.75 ($0.040) per kWh as the benchmark tariff. The projects need to be set up on a build-own-operate (BOO) basis. Winning developers will sign 25-year power purchase agreements (PPA) with GUVNL.

A minimum bid of 50 MW will be allowed per bidder and in multiples of 50 MW only. Detailed request for selection documents are available on the website of GUVNL.

Raghanesda Solar Park

In December 2018, GUVNL announced auction results for the 700 MW Raghanesda Solar Park tender awarding the entire capacity to 3 bidders with SoftBank’s SB Energy emerging as the winner of 250 MW after offering the lowest tariff of INR 2.84 ($0.046) per kWh. Finding the tariffs too high, GUVNL scrapped the auction only to retender it in March 2019 with a tariff cap of INR 2.70 ($0.038) per kWh.

The retender was undersubscribed by 100 MW and received INR 2.65 ($0.0380) as the lowest bid from Electro Solaire of Engie. GUVNL auctioned off 500 MW in total in May 2019 (see INR 2.65/kWh Lowest Tariff For 700 MW Gujarat Tender).

Now, in the retender for 200 MW (Phase-IV) it has fixed INR 2.65 ($0.0380) per kWh as the tariff cap. The 200 MW capacity will be available for award in the form of Plot A and Plot C of 100 MW each in the solar park.

For both these tenders, July 24, 2019 is the last date to submit bids.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani