GUVNL Floats 250 MW Wind Tender With Greenshoe Option

08 May 2026 CW Team

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.

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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.

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