GUVNL Tenders 700 MW PV

Gujarat Urja Vikas Nigam Ltd. Launches 700 MW Grid Connected Solar Power Project Tender For Radhanesda Solar Park With No Upper Tariff Limit
05:30 AM (Beijing Time) - 04. October 2018
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The Radhanesda Solar Park with 700 MW capacity is scheduled to come up in Gujarat, home state of Indian Prime Minister Narendra Modi (in the picture). (Photo Credit: Press Information Bureau, Government of India)

Key Takeaways

  • GUVNL is looking for developers to set up 700 MW of grid connected solar power capacity within Radhanesda Solar Park in Banskantha district of Gujarat
  • It has not specified any benchmark tariff for the project capacity that will be built on BOO basis
  • The entire capacity will come up on 2 plots, offering 250 MW capacity each and 1 plot offering 200 MW, all of which will be connected to the Khimanawaas sub-station
  • The pre-bid meeting will be held on October 17, 2018 and last date to submit documents is November 15, 2018

The Gujarat Urja Vikas Nigam Ltd. (GUVNL) has floated a tender offering 700 MW of grid connected solar power project capacity to be developed in the Radhanesda Solar Park in  Banaskantha district, being developed by the Gujarat Power Corporation Limited (GPCL).

GUVNL will procure the capacity that will be installed on a build, own and operate (BOO) basis under a 25-year power purchase agreement (PPA) signed with the successful bidders, which will also enter into an implementation and support agreement (ISA) and lease agreement (LA).

The project capacity will be located on 2 plots offering 250 MW capacity each and 1 plot with 200 MW capacity. Each interested bidder will need to bid for the full capacity available on the plot. Partial capacity may be allocated to winning bidders that bid for more than one plot. The project will be connected to the 220/400 kV Khimanawaas sub-station.

For this tender, GUVNL has not specified any benchmark tariff, although the tender documents do mention that the agency reserves the ‘right to short close the capacity lower than 700 MW at its discretion, if the prices are abruptly high’.

The pre-bid meeting with interested bidders is scheduled for October 17, 2018. Last date to submit request for selection (RFS) documents is November 15, 2018. Further details are available on the website of GUVNL.

In September 2018, a 500 MW PV auction by GUVNL, which was a re-tender, saw the lowest winning bid of INR 2.44 ($0.0338) per kWh (see 500 MW Gujarat Auction Achieves INR 2.44/kWh Bid). The agency also issued an expression of interest round for 1 GW solar power capacity for a proposed 5 GW solar park in Dholera (see EoI For 1 GW PV In Gujarat).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani