+
GUVNL floats tender for solar projects
POWER & RENEWABLE ENERGY

GUVNL floats tender for solar projects

Gujarat Urja Vikas Nigam (GUVNL) is seeking proposals for Phase XVI of grid-connected solar projects totaling 750 MW, with a greenshoe option for an additional 750 MW of capacity. The deadline for submitting online bids is August 23, 2022. The day of the bid opening is August 26.

The winning bidders and GUVNL may agree to a power purchase agreement (PPA) that will last for 25 years starting on the project's anticipated commercial operation date.

An earnest money payment of 400,000 ($5,028)/MW is required from bidders. After the issuance of the letter of intent and before signing the PPA, the selected bidder should provide a performance bank guarantee (PBG) in the amount of 944,000 ($11,868)/MW.

25 MW should be the bare minimum project capacity.

If a single business submitted the winning bid, it may also execute the project through a special purpose vehicle (SPV) that has at least 76 percent of the shares registered under the Indian Companies Act, 2013, prior to the PPA's signature.

The bidders' net worth should not be less than 8 million ($100,576)/MW of the quoted capacity as of the final day of the previous financial year. Any bidder from a nation that borders India on land will be permitted to place a bid.

Gujarat Urja Vikas Nigam (GUVNL) is seeking proposals for Phase XVI of grid-connected solar projects totaling 750 MW, with a greenshoe option for an additional 750 MW of capacity. The deadline for submitting online bids is August 23, 2022. The day of the bid opening is August 26. The winning bidders and GUVNL may agree to a power purchase agreement (PPA) that will last for 25 years starting on the project's anticipated commercial operation date. An earnest money payment of 400,000 ($5,028)/MW is required from bidders. After the issuance of the letter of intent and before signing the PPA, the selected bidder should provide a performance bank guarantee (PBG) in the amount of 944,000 ($11,868)/MW. 25 MW should be the bare minimum project capacity. If a single business submitted the winning bid, it may also execute the project through a special purpose vehicle (SPV) that has at least 76 percent of the shares registered under the Indian Companies Act, 2013, prior to the PPA's signature. The bidders' net worth should not be less than 8 million ($100,576)/MW of the quoted capacity as of the final day of the previous financial year. Any bidder from a nation that borders India on land will be permitted to place a bid.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code