GUVNL Initiates Bidding for 500 MW Wind Power Projects in India with Greenshoe Option


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Gujarat Urja Vikas Nigam (GUVNL) has recently issued a request for selection (RfS) for the procurement of power from 500 MW of grid-connected wind power projects in India (Phase VI), with an option to increase by an additional 500 MW.

The deadline for bid submissions is August 7, 2023, with bid openings scheduled for August 18.

The location of these projects is at the discretion of the bidders, who will bear the responsibility, cost, and risks associated with their chosen sites.

The RfS specifies that intra-state wind projects should have a minimum capacity of 25 MW, while inter-state projects should have a minimum capacity of 50 MW.

Bidders are required to pay a non-refundable bid processing fee of ₹3 lakhs plus 18% goods and service tax. Additionally, an earnest money deposit of ₹1 crore per MW of quoted capacity must be submitted.

Upon successful bidding, the selected bidder must provide a performance bank guarantee of ₹2 crores per MW of the allocated capacity at the time of signing the power purchase agreement (PPA).

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The duration of the PPA is set at 25 years, and the wind project developer is responsible for designing the interconnection with either the state transmission utility or the central transmission utility (CTU). This interconnection will utilize a dedicated transmission line to deliver energy to the Gujarat Energy Transmission Corporation periphery.

GUVNL’s initiative aims to encourage the expansion of grid-connected wind power projects in India and facilitate the procurement of renewable energy in the state of Gujarat.

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