Gujarat Urja Vikas Nigam floats 500 MW wind tender
POWER & RENEWABLE ENERGY

Gujarat Urja Vikas Nigam floats 500 MW wind tender

The Gujarat Urja Vikas Nigam (GUVNL) has invited bids to purchase power through a competitive bidding process from 500 MW of grid-connected wind power projects (Phase-III) with the greenshoe option for an additional capacity of up to 500 MW.

The last date to submit the bids is June 15, 2022. Bids will be opened the following day.

Bidders will have to submit an earnest money deposit of Rs 1 million per MW (inclusive of 18 per cent GST). The minimum capacity a bidder can bid has been set at 25 MW.

The successful bidder will have to furnish a performance bank guarantee of Rs 2 million per MW (inclusive of 18 per cent GST) at the time of signing the power purchase agreement (PPA).

GUVNL will enter into PPAs with the successful bidders for 25 years from the scheduled commercial operation date of the project or the date of full commissioning of the project, whichever is earlier. Only certified wind turbine models listed in the Revised List of Models and Manufacturers (RLMM) prepared by the Ministry of New and Renewable Energy (MNRE) will only be allowed.

Up to 500 MW of additional capacity through the greenshoe option will be offered to the successful bidders, who are willing to execute PPAs with GUVNL at the lowest tariff (L1 rate) s to the extent of their respective quoted capacity or higher quantum to the extent of greenshoe capacity.

Bidders should ensure pre-bid original equipment manufacturer and engineering, procurement, and construction (EPC) tie-ups with not less than three manufacturers for the design, engineering, supply, procurement, construction, and operation and maintenance.

The bidder’s net worth should not be less than Rs 12 million per MW of the quoted capacity as of the last day of the previous financial year. The net worth will be the cumulative net worth of the bidding company or consortium together with the networth of those affiliates of the bidder.

Projects under construction, projects which are not yet commissioned, and projects already commissioned but do not have any long-term PPA with any agency and selling power on a short-term or merchant plant basis will be considered.


The Gujarat Urja Vikas Nigam (GUVNL) has invited bids to purchase power through a competitive bidding process from 500 MW of grid-connected wind power projects (Phase-III) with the greenshoe option for an additional capacity of up to 500 MW.The last date to submit the bids is June 15, 2022. Bids will be opened the following day.Bidders will have to submit an earnest money deposit of Rs 1 million per MW (inclusive of 18 per cent GST). The minimum capacity a bidder can bid has been set at 25 MW.The successful bidder will have to furnish a performance bank guarantee of Rs 2 million per MW (inclusive of 18 per cent GST) at the time of signing the power purchase agreement (PPA).GUVNL will enter into PPAs with the successful bidders for 25 years from the scheduled commercial operation date of the project or the date of full commissioning of the project, whichever is earlier. Only certified wind turbine models listed in the Revised List of Models and Manufacturers (RLMM) prepared by the Ministry of New and Renewable Energy (MNRE) will only be allowed.Up to 500 MW of additional capacity through the greenshoe option will be offered to the successful bidders, who are willing to execute PPAs with GUVNL at the lowest tariff (L1 rate) s to the extent of their respective quoted capacity or higher quantum to the extent of greenshoe capacity.Bidders should ensure pre-bid original equipment manufacturer and engineering, procurement, and construction (EPC) tie-ups with not less than three manufacturers for the design, engineering, supply, procurement, construction, and operation and maintenance.The bidder’s net worth should not be less than Rs 12 million per MW of the quoted capacity as of the last day of the previous financial year. The net worth will be the cumulative net worth of the bidding company or consortium together with the networth of those affiliates of the bidder.Projects under construction, projects which are not yet commissioned, and projects already commissioned but do not have any long-term PPA with any agency and selling power on a short-term or merchant plant basis will be considered.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?