The state-run power utility, Gujarat Urja Vikas Nigam Ltd (GUVNL), has decided to buy 1,000MW of renewable power through competitive bidding, which will be followed by an e-auction for the lowest price. The company floated two separate tenders for procuring 500MW each from solar and wind power projects.
According to the request for selection (RFS) document, GUVNL has invited bids to procure solar and wind power to fulfil renewable power purchase obligations (RPO) and to meet the future needs of its distribution companies (discoms). The RPO mandates that distribution company buy electricity from renewable sources for a defined minimum percentage of the total consumption of its consumers.
The last date for submission of bids is July 10, 2017 and a pre-bid meeting for the tenders will be held on June 30. After opening the technical bids on July 11, the reverse auction will take place on July 17 and 18 for wind and solar tenders respectively.
75MW capacity in each of the two tenders has been reserved for central PSUs, state PSUs and government-controlled organizations.
The bidders selected by GUVNL based on this RFS, shall set up wind and solar power projects in accordance with provisions of the RFS document and standard power purchase agreement (PPA).
