GUVNL 500 MW Solar Tender Attracts Only 3 Bids Worth 430 MW

• GUVNL has actually disclosed all the practically certified prospective buyers for its 500 MW solar PV power projects tender. Obtaining just 3 quotes worth 430 MW.

The Gujarat Urja Vikas Nigam Limited (GUVNL) has actually disclosed all the practically certified prospective buyers that will certainly currently join the rate quotes phase as well as e-reverse public auction for the tender for the acquisition of power from 500 MW of grid-connected solar PV power projects to be established in Gujarat (Phase VIII). The state utility has actually revealed that it has actually gotten an overall of 3 practically certified proposals worth a mixed 430 MW of solar energy project capability.

The 3 prospective buyers are Tata Power, Juniper Green and also Vena Energy-- that sent proposals worth 200 MW, 190 MW as well as 40 MW, specifically.

GUVNL had actually released the tender for the 500 MW solar power projects in February. According to the tender, the range of benefit the effective prospective buyers will certainly consist of the establishing of solar PV power project(s) consisting of the transmission network as much as the distribution factor at its very own price.

Based on the tender notice, the monetary bids for all practically removed prospective buyers were to be opened up on March 18, 2019, complied with by the e-reverse public auction. Nonetheless, according to records, the e-reverse public auction has actually been rescheduled for March 16, 2020.

The purpose for issuance of the tender is to meet the eco-friendly power acquisition responsibility (RPO) and also to fulfill the future demands of Discoms, GUVNL plans to acquire solar energy as much as an ability of 500 MW (Phase VIII). GUVNL will participate in PPA with effective prospective buyers for a duration of 25 years from the arranged business procedure day of the project.

The optimum toll payable to the chosen prospective buyer was evaluated Rs 2.65/ device. As well as the number has actually been considered, by market stakeholders, as the vital factor for the warm feedback the tender has actually gotten.

Based on the RfS, projects unfinished, projects which are not yet appointed as well as projects currently appointed however do not have any kind of long-lasting PPA with any kind of company as well as marketing power on temporary or vendor plant basis will, nevertheless, be thought about, in case these projects are not currently approved under any other Central or State Schemes and also do not have any type of responsibilities in the direction of existing purchasers. As well as solar projects will certainly likewise be permitted to be established in the existing wind ranches which is currently attached to the grid based on schedule of extra capability for RE combination.