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Gujarat Urja Vikas Nigam Ltd has issued a new tender to procure 250 MW of wind power, marking another step in Gujarat’s ongoing push toward clean energy. The tender, released under Request for Selection (RfS) No. GUVNL / 250 MW / Wind (Phase XI) dated April 30, 2026, also includes a Greenshoe Option, which allows the utility to increase the total procurement capacity by an additional 250 MW. This means the total capacity could go up to 500 MW, depending on the response from developers and tariff discovery.
The initiative is aimed at helping the state meet its Renewable Purchase Obligations and ensure adequate power supply for its distribution companies in the coming years. Developers are allowed flexibility in project location, as they can set up wind projects anywhere in India. However, the projects must be connected either to the State Transmission Utility network or the Central Transmission Utility system. The selected developers will sign a Power Purchase Agreement with GUVNL for a period of 25 years, starting from the Scheduled Commencement-of-Supply Date.
The tender follows a clearly defined timeline for participation. The RfS was issued on April 30, 2026, while registration for the pre-bid meeting is required by May 5, 2026. The pre-bid meeting will be conducted through video conferencing on May 7, 2026. Interested bidders must submit their online bids by May 26, 2026, and complete the offline submission of documents by May 28, 2026. The technical bids will be opened on May 29, 2026, while the date for the financial bid opening and reverse auction will be communicated later to eligible participants.
To ensure serious participation, GUVNL has defined specific financial requirements. Bidders must pay a non-refundable fee of ₹25,000 plus GST for the RfS document and a processing fee of ₹3 lakh plus GST. An Earnest Money Deposit of ₹13 lakh per MW must be submitted in the form of a bank guarantee along with the bid. Additionally, successful bidders will need to provide a Performance Bank Guarantee of ₹32 lakh per MW at the time of signing the PPA.
Eligibility criteria have also been outlined to maintain project quality and financial strength. The minimum project size is 10 MW for intra-state projects and 50 MW for inter-state projects. Bidders must demonstrate a minimum net worth of ₹1.27 crore per MW of the capacity they intend to bid for.
The selection process will follow a single-stage, double-envelope method, where technical and financial bids are evaluated separately, followed by an e-reverse auction. The Greenshoe Option will allow additional capacity allocation to successful bidders at the lowest discovered tariff.
Developers must maintain a minimum annual Capacity Utilization Factor of 25 percent throughout the contract period. They are also required to achieve financial closure within 12 months of signing the agreement and commission the projects within 24 months, ensuring the timely addition of renewable capacity to the grid.
