SGEL Invites Bids for 700 MW Solar Projects at Gujarat

25 Oct 2024 CW Team

Interested bidders must submit their proposals by November 19, 2024, the day bids will also be opened. Companies can bid for either Project 1 or Project 2, but the bids must be for capacities in multiples of 100 MW.

Project Details

Project 1: 500 MW capacity across five plots under GUVNL Phase-XXI at GIPCL Renewable Energy Park. Project 2: 200 MW capacity across two plots under GUVNL Phase-XXIII at GSECL Renewable Energy Park. This flexible bidding structure allows companies to submit proposals tailored to their capabilities while maintaining consistency in project scale. To ensure project quality, the solar modules used must be sourced from the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers.

Eligibility Criteria

Bidders must meet stringent qualifications to participate. These include having previously developed solar projects of at least 30 MW, including one project of 10 MW or higher, which has been operational for a minimum of three months. Alternatively, companies with experience in industrial sectors like power, steel, oil and gas, and cement can also qualify by having executed projects worth ?1.6 billion (~$19.03 million) per 100 MW capacity. Additionally, they must have completed electrical substations of 33 kV or higher that have been operational for at least six months.

Financial criteria include a minimum annual average turnover of ?1.6 billion (~$19.03 million) per 100 MW over the last three financial years, and a positive net worth in the most recent financial year and at least two of the last three years.

SGEL’s Growth in Solar Energy

SGEL has been actively expanding its solar energy portfolio. Earlier this year, the company invited bids for the manufacture and supply of solar modules with a capacity of 376.60 MW for its GUVNL (Phase-XIV) solar project. Additionally, SGEL sought to acquire or lease up to 800 acres of land in Assam for setting up solar projects with a 200 MW capacity.

With this latest 700 MW tender at the Khavda Renewable Energy Park, SGEL continues to play a significant role in scaling up India’s renewable energy capabilities.

SJVN Green Energy Limited (SGEL) has opened bids for the design, engineering, supply, erection, testing, and commissioning of solar power projects with a total capacity of 700 MW at the Khavda Renewable Energy Park in Gujarat. The project is split into two phases: Project 1, with 500 MW under Gujarat Urja Vikas Nigam (GUVNL) Phase-XXI, and Project 2, with 200 MW under GUVNL Phase-XXIII. Both phases are located at Khavda, with each plot having a capacity of 100 MW. Interested bidders must submit their proposals by November 19, 2024, the day bids will also be opened. Companies can bid for either Project 1 or Project 2, but the bids must be for capacities in multiples of 100 MW. Project Details Project 1: 500 MW capacity across five plots under GUVNL Phase-XXI at GIPCL Renewable Energy Park. Project 2: 200 MW capacity across two plots under GUVNL Phase-XXIII at GSECL Renewable Energy Park. This flexible bidding structure allows companies to submit proposals tailored to their capabilities while maintaining consistency in project scale. To ensure project quality, the solar modules used must be sourced from the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers. Eligibility Criteria Bidders must meet stringent qualifications to participate. These include having previously developed solar projects of at least 30 MW, including one project of 10 MW or higher, which has been operational for a minimum of three months. Alternatively, companies with experience in industrial sectors like power, steel, oil and gas, and cement can also qualify by having executed projects worth ?1.6 billion (~$19.03 million) per 100 MW capacity. Additionally, they must have completed electrical substations of 33 kV or higher that have been operational for at least six months. Financial criteria include a minimum annual average turnover of ?1.6 billion (~$19.03 million) per 100 MW over the last three financial years, and a positive net worth in the most recent financial year and at least two of the last three years. SGEL’s Growth in Solar Energy SGEL has been actively expanding its solar energy portfolio. Earlier this year, the company invited bids for the manufacture and supply of solar modules with a capacity of 376.60 MW for its GUVNL (Phase-XIV) solar project. Additionally, SGEL sought to acquire or lease up to 800 acres of land in Assam for setting up solar projects with a 200 MW capacity. With this latest 700 MW tender at the Khavda Renewable Energy Park, SGEL continues to play a significant role in scaling up India’s renewable energy capabilities.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..