GUVNL Seeks Bids for 500 MW Solar Projects, With Greenshoe Option
GUVNL announces a competitive bidding process for 500 MW solar PV projects, with an additional 500 MW greenshoe option, available across India. Bidding closes 17.09.2024.
August 22, 2024. By EI News Network
The RfS will follow a competitive bidding process on a "Build Own Operate" (BOO) basis. The bidding will be conducted electronically through an online web-based portal, followed by a reverse auction. The RfS document, which will be available starting from 20.08.2024, details the requirements for bid submission, including the cost of the RfS document, processing fees, and earnest money deposit (EMD). A pre-bid meeting is scheduled for 30.08.2024 at 11:30 AM via video conference. Interested bidders must register and submit queries by 27.08.2024. The deadlines for online and offline bid submissions are 17.09.2024 and 19.09.2024, respectively. Technical bids will be opened on 20.09.2024 at 11:30 AM, with further details on financial bid opening and reverse e-auction to be provided to eligible bidders.
Bidders are required to pay INR 25,000 plus 18 percent GST for the RfS document and INR 3,00,000 plus 18 percent GST for the processing fee. The EMD is INR 9,28,000 per MW, to be submitted as a bank guarantee.
As per the document, projects can be located anywhere in India at the bidder’s discretion, with all associated costs, risks, and responsibilities borne by the bidder. For inter-state projects or those connected through the Central Transmission Utility (CTU) Network, the successful bidder will be responsible for all transmission charges and losses up to the delivery point. Bidders have the flexibility to select CTU or Gujarat Energy Transmission Corporation Limited (GETCO) substations for project interconnection.
They may choose from existing substations with available margin, substations under construction or augmentation with a commissioning date on or before the project's Scheduled Commercial Operation Date (SCOD), listed substations in Annexure-G1 to G5, or existing CTU substations in other states with spare capacity for renewable energy integration. The project location or substation may be revised by the project developer according to the Power Purchase Agreement (PPA) provisions, provided it complies with RfS requirements and does not affect project timelines.
For projects located in Gujarat, the successful bidder may choose connectivity at either a State Transmission Utility (STU) or CTU substation. For projects outside Gujarat, connectivity must be with the CTU/Inter-State Transmission System (ISTS) Grid. An indicative list of RE integration capacities for STU connectivity, organised by district and substation, is available on GETCO’s website. Bidders opting for STU connectivity must select from this list, as updated by GETCO.
GUVNL may enter into a Power Purchase Agreement (PPA) with successful bidders for a period of 25 years from the SCSD of the project. Bidders can avail themselves of fiscal incentives such as Accelerated Depreciation, Concessional Customs and Excise Duties, Tax Holidays, and benefits from trading Carbon Credits. The availability of these incentives will not impact the bid comparison or tariff applicability. Bidders are responsible for availing these benefits, and GUVNL will not be liable for any issues related to these incentives.
Projects selected through this RfS must deploy Solar PV Technology that complies with the specifications in Annexure A of the RfS or the Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers of Solar PV Modules (Requirements for Compulsory Registration) Order, 2019, as amended. Projects can use either crystalline silicon or thin film technologies, with or without trackers, provided they are commercially established and operational to minimize technology risk and ensure timely commissioning.
Projects under construction, not yet commissioned, or already commissioned but without a long-term PPA will be considered, provided they are not covered under any other Central or State Schemes and do not have obligations towards existing buyers. Bidders must confirm that they have not terminated any existing PPAs with GUVNL or other entities and must provide documentary evidence and an undertaking on a INR 300 non-judicial stamp paper. Additionally, bidders must affirm that there are no pending disputes or litigation concerning the project.
please contact: contact@energetica-india.net.
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