GUVNL floats tender for solar projects

19 Jul 2022 CW Team

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.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..