GUVNL (Gujarat Urja Vikas Nigam Limited) has asked developers to submit bids for the acquisition of power from 500 MW of grid-connected solar power projects (Phase-XIII).
The deadline for submitting online bids is February 3, 2022. On January 7, bids will be accepted.
GUVNL plans to purchase solar electricity with a capacity of up to 500 megawatts (MW) to meet its renewable power purchase obligation (RPO) and future distribution company needs. Projects that are currently under development but do not have a power purchase agreement (PPA) will be eligible to compete in the tender.
GUVNL may elect to enter into a PPA with the successful bidders for 25 years following the project’s anticipated commercial operation date.
The project should be built to distribute energy to GETCO’s periphery. The winning bidder will be in charge of establishing grid connectivity with GETCO or the central transmission utility (CTU).
Solar projects are permitted in existing grid-connected wind farms if the spare capacity for renewable energy integration is available at matching GETCO or CTU substations. These projects must also adhere to the terms of the request for selection document and must obtain GETCO or CTU’s permission to use the connectivity provided to wind farms.
Bidders must put down a deposit of $400,000 ($5,377) per MW as earnest money. Following the issue of the letter of award and before signing the PPA, the successful bidder will be required to provide a performance bank guarantee in the amount of 944,000 ($12,691) per MW.
The project’s minimum capacity has been set at 25 MW.
To reduce technology risk and ensure project commissioning on schedule, only commercially established and operational technologies can be chosen.
The bidder’s or its affiliate’s or parent bidding company’s net worth should not be less than $8 million ($107,554) per MW of quoted capacity.
According to GUVNL, the announced annual capacity utilization factor (CUF) shall never be less than 17%. The successful bidder must maintain generation to achieve annual CUF within + 10% and -15% of the declared value for the first ten years after the commercial operation date, subject to the annual CUF remaining 15%, and then within + 10% and – 20% of the declared CUF until the end of the PPA term.
If the minimum energy corresponding to the yearly CUF is not generated, the winning bidder shall be responsible for compensating GUVNL at a rate of 25% of the PPA tariff.
The winners of the GUVNL’s auction to purchase power from 500 MW of grid-connected solar projects were Spring Ujjvala Energy, NTPC Renewable Energy, Coal India, and TP Saurya, a Tata Power subsidiary, in March last year (Phase XII). Last January, the tender was announced.
Resource: Times of India
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