Tender brief

Gujarat Urja Vikas Nigam Limited (GUVNL) issued a tender to develop 500 MW solar power generation capacity in Gujarat.

Tender details

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
PBG: INR 0.94 million/ MW

Technical criteria


Financial criteria

Minimum net worth of INR 8 million/ MW

Commissioning timeline 18 months

Under construction and commissioned projects without any PPA are also eligible to participate in the tender.

Tender status

Results announced

Tender timeline

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