GUVNL Floats 250 MW Wind Tender With Greenshoe Option
ECONOMY & POLICY

GUVNL Floats 250 MW Wind Tender With Greenshoe Option

Gujarat Urja Vikas Nigam Ltd has issued a tender to procure 250 megawatt (MW) of wind power, with a Greenshoe option to expand capacity by a further 250 MW, taking total potential allocation to 500 MW. The move is part of the state utility’s continuing effort to meet Renewable Purchase Obligations and secure supply for distribution companies. The tender was released under Request for Selection RfS No. GUVNL / 250 MW / Wind (Phase XI) dated April 30, 2026.

Developers may locate projects anywhere in India provided each project connects to either the State Transmission Utility network or the Central Transmission Utility system. The selected developers will enter a Power Purchase Agreement with GUVNL for a period of 25 years, counted from the Scheduled Commencement-of-Supply Date. The bid process permits site flexibility while maintaining grid connectivity standards and a clear contractual term.

The RfS issuance and participation schedule sets deadlines for interested parties. Registration for the pre-bid meeting is required by May five and the pre-bid meeting will be conducted via video conferencing on May seven. Online bids must be submitted by May 26 and offline document submission must be completed by May 28. Technical bids are due to be opened on May 29 while the date for financial bid opening and the subsequent reverse auction will be notified later.

GUVNL has prescribed fees and financial assurances to ensure committed participation. The RfS document attracts a non-refundable fee of Rs 25,000 plus GST and a processing fee of Rs 0.3 million (mn) plus GST, with an earnest money deposit requirement of Rs 1.3 mn per MW by bank guarantee. Successful bidders must furnish a performance bank guarantee of Rs 3.2 mn per MW at PPA signing and demonstrate a minimum net worth of Rs 12.7 mn per MW. The minimum project size is 10 MW for intra-state offers and 50 MW for inter-state proposals, and developers must maintain a minimum annual capacity utilisation factor of 25 per cent, achieve financial closure within 12 months and commission projects within 24 months.

Gujarat Urja Vikas Nigam Ltd has issued a tender to procure 250 megawatt (MW) of wind power, with a Greenshoe option to expand capacity by a further 250 MW, taking total potential allocation to 500 MW. The move is part of the state utility’s continuing effort to meet Renewable Purchase Obligations and secure supply for distribution companies. The tender was released under Request for Selection RfS No. GUVNL / 250 MW / Wind (Phase XI) dated April 30, 2026. Developers may locate projects anywhere in India provided each project connects to either the State Transmission Utility network or the Central Transmission Utility system. The selected developers will enter a Power Purchase Agreement with GUVNL for a period of 25 years, counted from the Scheduled Commencement-of-Supply Date. The bid process permits site flexibility while maintaining grid connectivity standards and a clear contractual term. The RfS issuance and participation schedule sets deadlines for interested parties. Registration for the pre-bid meeting is required by May five and the pre-bid meeting will be conducted via video conferencing on May seven. Online bids must be submitted by May 26 and offline document submission must be completed by May 28. Technical bids are due to be opened on May 29 while the date for financial bid opening and the subsequent reverse auction will be notified later. GUVNL has prescribed fees and financial assurances to ensure committed participation. The RfS document attracts a non-refundable fee of Rs 25,000 plus GST and a processing fee of Rs 0.3 million (mn) plus GST, with an earnest money deposit requirement of Rs 1.3 mn per MW by bank guarantee. Successful bidders must furnish a performance bank guarantee of Rs 3.2 mn per MW at PPA signing and demonstrate a minimum net worth of Rs 12.7 mn per MW. The minimum project size is 10 MW for intra-state offers and 50 MW for inter-state proposals, and developers must maintain a minimum annual capacity utilisation factor of 25 per cent, achieve financial closure within 12 months and commission projects within 24 months.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code