GUVNL Invites Bids for 400 MW/800 MWh Battery Energy Storage Systems in Gujarat
Gujarat Urja Vikas Nigam Ltd. has issued a tender for the selection of battery energy storage system developers for setting up 400 MW/800 MWh battery energy storage systems with an additional greenshoe option of 400 MW/800 MWh in Gujarat for on-demand usage under TBCB (Phase-IV).
September 02, 2024. By EI News Network
For the RfS document, the prospective bidders need to submit an Earnest Money Deposit (EMD) of INR 5,00,000 per MW in the form of a bank guarantee. Bidders selected by GUVNL based on the RfS shall submit a Performance Bank Guarantee(PBG) for a value of INR 12,50,000 per MW prior to the signing of BESPA.
Pre-bid queries can be submitted till 5:00 PM on September 30, 2024, and the pre-bid meeting will be held through video conferencing on October 3, 2024, at 12:00 PM. The last date for submission of bid documents is on October 16, 2024.
As per the tender document, GUVNL seeks to utilise energy storage systems, on a ‘On-Demand’ basis, suited to the requirements of the state DISCOMs during the peak and off-peak hours. GUVNL shall enter into a Battery Energy Storage Purchase Agreement (BESPA) with the successful bidders.
The winning bidder shall be required to set up a BESS, with the primary objective of making the energy storage facility available to GUVNL for charging/discharging of the BESS, on an on-demand basis.
“Setting up of the BESS and interconnection of the BESS with the State Transmission Network will be under the scope of the BESSD. GUVNL may offer the greenshoe option. The BESS shall be charged by drawing power from GETCO and injecting power to the GETCO network in accordance with the dispatch instructions issued by SLDC in consultation with GUVNL. GUVNL will provide the required power for charging BESS considering minimum system efficiency under the agreement,” mentioned the document.
The projects will be developed near substations connected to the State Transmission Utility (STU) network, utilizing land allocated on a Right-of-Use (ROU) basis by the Gujarat Energy Transmission Corporation (GETCO).
The bidder must either be a company under the Companies Act, 2013 or a foreign company under the respective nation’s laws or Alternative Investment Funds (AIF) as registered under SEBI or a consortium comprising the above entities.
“In case of a foreign company participating on a standalone basis and its selection as the successful bidder, it has to form a ‘Special Purpose Vehicle’ (SPV), i.e. an Indian company registered under the Companies Act, 2013 as its subsidiary Company, with at least 51% shareholding in the SPV, before signing of BESPA,” clarified the tender document.
As for the financial eligibility criteria, the net worth of the bidder shall be equal to or greater than INR 74,00,000/MW of the quoted capacity (in MW), as on the last date of the previous Financial Year, i.e. FY 2023-24 or as on the day at least 7 days prior to the bid submission deadline.
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