Gujarat Floats 500 MW Wind Tender (Phase III) with Greenshoe Option

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Gujarat Urja Vikas Nigam Limited (GUVNL) has floated a tender for procurment of 500 MW of grid connected wind power. The power projects to be set up in Gujarat (Phase III) with ‘Greenshoe Option’ of additional upto 500 MW.

The last date for proposal submissions is June 15, 2022, which will be unveiled on June 16 at 11 am. Financial Bid Opening and Reverse e-auction will be on June 23, at 11 am.

Cost of RfS Document (non-refundable) is Rs. 25,000/- plus 18% GST and Bid Processing Fee (non-refundable) is Rs. 3 Lakhs plus 18% GST. The Earnest Money Deposit is Rs. 10 Lakh per MW (inclusive of 18% GST) is to be submitted in the form of Bank Guarantee.

The project must have a minimum capacity of 25 MW. The greenshoe option offers up to 500 MW additional capacity to the successful bidders who are willing to execute PPAs at L1 rates with GUVNL to the extent their respective quoted capacities or higher quantum to the extent that greenshoe capacity is concerned.

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Only approved wind turbine models that are listed on the Revised List of Models and Manufacturers, prepared by Ministry of New and Renewable Energy (MNRE), will be permitted.

The successful bidder will be responsible for getting the grid connectivity from GETCO. Also the bidder will need to acquire the necessary land for the project.

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