India RE Navigator
Gujarat Urja Vikas Nigam Limited (GUVNL) issued a tender to develop 500 MW solar power generation capacity in Gujarat.
| Total capacity | 500 MW |
|---|---|
| Open capacity | 500 MW |
| DCR capacity | - |
| Storage capacity | - |
| Tender scope | BOO |
| Solar park | NA |
| Tendering authority | DISCOM(s) |
| Offtaker/ Power consumer | Gujarat DISCOM(s) |
| PPA tenure | 25 years |
| Benchmark tariff/ VGF/ CAPEX | NA |
| Allocation basis | Tariff bid |
| Technology | PV |
| Bid size |
25 - 500 MW |
| Minimum CUF | 17% |
| Required bank guarantees |
EMD: INR 0.40 million/ MW |
| Technical criteria |
NA |
| Financial criteria |
Minimum net worth of INR 8 million/ MW |
| Commissioning timeline | 18 months |
| Notes | Under construction and commissioned projects without any PPA are also eligible to participate in the tender. |
Results announced
| Tender release | 23 January 2021 |
| Bid submission | 12 March 2021 |
| Bid result | 22 March 2021 |
| Estimated PPA signing | September 2021 |
| Estimated financial closure | September 2022 |
| Estimated COD | March 2023 |
Source: BRIDGE TO INDIA research
| Developer | Capacity, MW | Location | Technology | Status |
COD/ (SCOD) |
Tender/ scheme name |
Primary offtaker  Secondary offtaker
|
Tariff, INR/ kWh | EPC | Result date | Transmission connectivity | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Substation | Voltage | LTA date | |||||||||||
1. This data includes grid connected projects above 1 MW.
2. All project and tender capacities are specified in AC unless noted otherwise.
3. Pipeline includes projects that have been allocated to developers but not yet commissioned. For some of these projects, execution of PPAs and/or regulatory approval may still be pending.
4. Scheduled COD is estimated based on time allowed for construction plus six months for execution of PPA and regulatory approval.
5. Commissioning status for the last 2 quarters is updated progressively, as more data becomes available.
6. Where projects have been subject to M&A transaction(s), name of current owner is shown as developer.
7. For solar-wind hybrid projects, capacity shown refers to (estimated) solar capacity only.
Source: BRIDGE TO INDIA research
