The Gujarat Urja Vikas Nigam Limited (GUVNL) has announced that it has released Request for Selection (RfS) for the procurement of power through competitive bidding process from 1,000 MW of grid-connected wind power projects to be developed in the state (Phase II-R).
The last date for the submission of bids is March 30, 2019. The techno-commercial bid will open on April 1, 2019. Financial bid and reverse auction will take place on April 8, 2019. GUVNL will go into into a power purchase agreement (PPA) with successful bidders for a period of 25 years.
The bidders will be able to avail the financial incentives like accelerated depreciation, concessional customs and excise duties, tax holidays, benefits from trading of carbon credits, among others. The minimum bid capacity is 25 MW while the maximum is set at 300 MW.
GUVNL may deliberate on signing PPAs of up to 100 MW capacity with public sector units or government-controlled organizations who contributed in the tender but did not become successful bidders and are eager to implement the PPA at the lowest tariff discovered in the auction. However, the benchmark for a minimum capacity of 25 MW will not apply to them.
In January 2019, the state government of Gujarat revised its land laws relating to the development of wind and hybrid (wind and solar) parks in the state. The land is by now allocated for wind and wind+solar hybrid projects auctioned by Gujarat state agencies as well as central agencies.
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