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
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code