GAIL floats tender to acquire operational projects in solar parks

14 Jul 2021 CW Team

GAIL (India), a natural gas company, invited expression of interest (EoI) to set up solar power projects established in solar parks

GAIL is searching for opportunities in the renewable energy sector with a goal of a 1,000 MW capacity. Against this backdrop, the company has invited EoI from independent power producers, promoters, and developers willing to give a 100% or 50% equity stake in their up and running solar projects established in solar parks.

August 3, 2021, is the last date to submit the bid, and the EoI would be valid for three months from the submission date. The minimum capacity of the solar project should be 50 MW, and it must be established at a single site.

The project must be owned and managed by the Special purpose vehicle (SPV) registered in India. Companies interested should offer each project owned by the SPC in the solar parks. The SPV must not have any assets outside the solar parks.

The natural gas company has informed that the power purchase agreement (PPA) for the projects should be with NTPC or the NTPC Vidyut Vyapar Nigam Limited (NVVN), the Solar Energy Corporation of India (SECI), or another central government agency. According to the tender document, each project should be in constant operation for the last 12 months with a minimum plant availability of 95% on the bid submission date.

Moreover, interested parties offering the operation and maintenance (O&M) services for the projects should continue to give the services for at least a couple of years, based on the current terms and conditions from the signing agreement acquisition date.

If GAIL gets 50% equity in the offered SPVs, the remaining shareholders or the interested parties must keep a 50% equity stake in those SPVs for at least a year from the date of GAIL becoming an equity partner in that SPV. Afterwards, the interested parties and the remaining shareholders can sell their equity stake to a third party.

The company has also informed that the parties which would be shortlisted would be asked to offer a comprehensive financial model and additional details, including returns by discounted cash flow for their offered SPVs in seven days from the shortlisting date by GAIL. Individual financial models should be submitted, if a party offers more than one SPV.

Image Source

Also read: NTPC Invites bids for 500 MW grid-connected solar projects

GAIL (India), a natural gas company, invited expression of interest (EoI) to set up solar power projects established in solar parks GAIL is searching for opportunities in the renewable energy sector with a goal of a 1,000 MW capacity. Against this backdrop, the company has invited EoI from independent power producers, promoters, and developers willing to give a 100% or 50% equity stake in their up and running solar projects established in solar parks. August 3, 2021, is the last date to submit the bid, and the EoI would be valid for three months from the submission date. The minimum capacity of the solar project should be 50 MW, and it must be established at a single site. The project must be owned and managed by the Special purpose vehicle (SPV) registered in India. Companies interested should offer each project owned by the SPC in the solar parks. The SPV must not have any assets outside the solar parks. The natural gas company has informed that the power purchase agreement (PPA) for the projects should be with NTPC or the NTPC Vidyut Vyapar Nigam Limited (NVVN), the Solar Energy Corporation of India (SECI), or another central government agency. According to the tender document, each project should be in constant operation for the last 12 months with a minimum plant availability of 95% on the bid submission date. Moreover, interested parties offering the operation and maintenance (O&M) services for the projects should continue to give the services for at least a couple of years, based on the current terms and conditions from the signing agreement acquisition date. If GAIL gets 50% equity in the offered SPVs, the remaining shareholders or the interested parties must keep a 50% equity stake in those SPVs for at least a year from the date of GAIL becoming an equity partner in that SPV. Afterwards, the interested parties and the remaining shareholders can sell their equity stake to a third party. The company has also informed that the parties which would be shortlisted would be asked to offer a comprehensive financial model and additional details, including returns by discounted cash flow for their offered SPVs in seven days from the shortlisting date by GAIL. Individual financial models should be submitted, if a party offers more than one SPV. Image Source Also read: NTPC Invites bids for 500 MW grid-connected solar projects

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..