GUVNL Tenders for Procuring 500 MW Solar Power

Sep 30, 2020 02:44 PM ET
  • GUVNL has actually issued a tender, inviting bids from eligible projects and also project developers for the acquisition of 500 MW of solar energy.

The Gujarat Urja Vikas Nigam Limited (GUVNL) has actually released a tender, inviting bids from eligible projects as well as project designers for the acquisition of 500 MW of solar energy with affordable bidding. The solar energy will certainly be procured from grid-connected solar photovoltaic or pv power projects to be established in the state.

According to the request for choice (RfS) record for the auction, the goal behind the tender is for the power utility to fulfil the renewable power acquisition obligations (RPO) as well as fulfill future demands of Discoms. "GUVNL means to obtain solar energy approximately 500 MW under Phase XI," it specified.

It has been made clear that the projects unfinished, those that are not yet commissioned, or projects already appointed however without any long-lasting PPA with any kind of agency will additionally be thought about for this tender. And also GUVNL will certainly enter into a power purchase contracts (PPAs) with the successful bidders for a duration of 25 years from the set up commercial operation day (SCOD) of the project.

The last date for proposal submission is October 28, 2020. And the tender rate quotes will certainly be opened on November 10, 2020, which will be adhered to by the e-reverse auction.

"Solar projects will likewise be allowed to be established at existing wind ranches that are currently linked to the grid subject to accessibility of extra capacity for RE assimilation at the corresponding GETCO Gujarat Energy Transmission Corporation Limited/ CTU (Central transmission energy) substation," it included.

In August, we had reported the results of the auction for GUVNL's 700 MW solar tender that saw the entire capacity awarded to 5 bidders. With Tata Power and also Vena Energy submitting the winning bids (Lowest Bids-- L1) of Rs 2.78/ kWh.

Both the L1 bidders protected abilities of 100 MW each under the tender. Complied With by ReNew Power which safeguarded 200 MW project capacity with its quote of Rs 2.79/ kWh. SJVN Limited came in with the L3 quote of Rs 2.80/ kWh and also protected 100 MW capacity while TEQ Power secured the continuing to be 200 MW capability with its quote of Rs 2.81/ kWh.

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