GUVNL issues RfS for 500 MW grid Wind power projects

Gujarat Urja Vikas Nigam Limited (GUVNL)has issued request for selection (RfS)for purchase of power through competitive bidding process followed by reverse e-auction from 500 mw grid connected wind power projects (phase ii) with greenshoe option of additional 500 mw.

Last date for the submission of response to RfS is 3/4/2018 and the cost of document is Rs. 25,000/- plus 1 8 % G S T (to be submitted in the form of DD/Pay Order, along with the response to RfS in favour of “Gujarat Urja Vikas Nigam Ltd”, payable at Vadodara)

GUVNL notes that the bidders selected by GUVNL based on this RfS, shall set up Wind Power Projects in accordance with the provisions of this RfS document and standard Power Purchase Agreement (PPA).

GUVNL shall enter into PPA with successful bidders for a period of 25 years from the scheduled commercial operation date of the project. The maximum tariff payable to selected bidder shall be fixed for 25 years from the scheduled commercial operation date of the project, as discovered through the e-bidding and e-Reverse Auction conducted vide this RfS. The bidders will be free to avail fiscal incentives like Accelerated Depreciation, Concessional Customs and Excise Duties, Tax Holidays, benefits from trading of carbon credits, etc. as available for such projects. The same will not have any bearing on comparison of bids for selection. As equal opportunity is being provided to all bidders at the time of tendering itself, it is up to the bidders to avail various tax and other benefits. No claim shall arise on GUVNL for any liability if bidders are not able to avail fiscal incentives and this will not have any bearing on the applicable tariff.

Capacity Allocation Under Greenshoe Option

The modality for allocation of additional 500 MW capacity under Greenshoe Option shall be as under:-

  • An additional 500 MW capacity through Greenshoe option may be offered to the Participating Bidders, who are willing to execute PPAs with GUVNL at the lowest tariff (L1 rate) discovered under Competitive Bidding Process (followed by e-reverse auction) to the extent of their respective quoted capacity.
  • The bidders willing to execute PPA with GUVNL at the L1 rate shall have to give their confirmation within a period of 10 days from the price bid opening /conclusion of reverse auction.
  • First priority shall be given to the Central PSUs / State PSUs / Government Controlled Organizations in their order of ranking in e-reverse auction followed by their ranking in the intial price bids.
  • The balance unallocated capacity shall be allotted to the remaining unsuccessful Bidders in their order of ranking in e-reverse auction followed by their ranking in the initial price bids.

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