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Gujarat Urja Vikas Nigam Restricted (GUVNL) has issued a request for proposals (RFP) for the acquisition of energy from grid-connected photo voltaic tasks totaling 750 MW, with a greenshoe possibility for a further 750 MW of capability.
The deadline for submitting on-line bids is August 23, 2022. The day of the bid opening is August 26.
The successful bidders and GUVNL could comply with an influence buy settlement (PPA) that may final for 25 years, beginning on the venture’s anticipated business operation date.
An earnest cash deposit, Rs 400,000/MW is required to furnish by the bidders. Earlier than signing the PPA and following the problem of the letter of intent, the chosen bidder should present a efficiency financial institution assure (PBG) within the quantity of Rs 944,000/MW.
25 MW needs to be the naked minimal venture capability. Participation within the tender can be open to tasks which might be already being constructed however do not need a PPA with present consumers.
If there may be spare capability on the related Gujarat Vitality Transmission Company (GETCO) substation for the combination of renewable vitality, photo voltaic tasks could also be put in within the present wind farms which might be already wired into the grid.
The enterprise should be deliberate to produce vitality to GETCO’s perimeter. By means of a devoted line or a pooling substation of an current wind farm, the venture’s grid interconnection with the state transmission utility (STU) or the central transmission utility (CTU) substation will be completed.
The bidders’ web price shall not be lower than Rs 8 million per MW of the said capability as of the ultimate day of the final fiscal yr. Any bidder from a nation that borders India on land may even be permitted to position a bid.
The photo voltaic modules that might be utilized for the tasks will need to have a guaranty for his or her peak output wattage, which shouldn’t be lower than 90% after 10 years and 80% after 25 years from the venture’s begin of business operation.
In line with GUVNL, the introduced annual capability utilization issue (CUF) shall by no means go beneath 17%. The successful bidder should proceed to generate electrical energy between +10% and -15% of the introduced worth for the following 10 years. CUF needs to be between +10% and -20% after 10 years till the PPA’s conclusion.
Additional, the successful bidder should compensate GUVNL at a fee equal to 25% of the PPA tariff if they’re unable to supply the required quantity of vitality throughout the CUF’s allowed restrict.