GUVNL invites bids for battery energy storage systems

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat under tariff-based global competitive bidding (Phase-II). The last day to submit the bids is January 6, 2023. Bids will be opened on January 10. Bidders must submit a bid processing fee of Rs 1.5 million ($17,993) and an earnest money deposit of Rs 740,000 ($8876)/ MW. Selected bidders must furnish Rs 50,000 ($6,000)/ MW as a performance bank guarantee before signing the battery energy storage purchase agreement (BESPA). The projects will be developed under a build, own, and operate model. GUVNL seeks to utilize energy storage systems on an on-demand basis, suited to the requirements of the state distribution companies during peak and off-peak hours. The project must be completed within 18 months from the effective date of BESPA. The minimum bid size must be 140 MWh (70 MW x 2 hours)