SGEL Invites Bids for Sale of 712 MW Solar PV Modules in Gujarat and Maharashtra

SJVN Green Energy Ltd. (SGEL), a wholly owned subsidiary of SJVN Ltd. under the Ministry of Power, Government of India, has issued an Expression of Interest (EOI) inviting prospective buyers for the potential sale of approximately 712.9 MWp of solar photovoltaic (PV) modules stored at multiple locations across India.

The modules are being offered strictly on an 'as is where is', 'as is what is', and 'no complaint basis', with SGEL clarifying that no assurance is being made regarding condition, performance, or suitability. The company has also emphasised that the process is exploratory in nature and intended solely for market assessment and price discovery.

According to the EOI, the solar modules are stored at two key locations, approximately 144 MWp in Bhadra Mota village in Kutch, Gujarat, and around 568 MWp in Mu Mohija Paranda, Nanded district, Maharashtra. The inventory includes modules supplied by multiple manufacturers, including Das Solar Co. Ltd., Econess Energy Co. Ltd., and Hefei GCL System Integration New Energy Technology Co. Ltd., with capacities ranging between 550W and 580W.

SGEL stated that the objective of the EOI is to identify potential buyers, assess commercial interest, and explore suitable disposal mechanisms such as lot-wise, block-wise, or bulk sale. The indicative structure may include lots of around 50 MWp, though final configuration will depend on market response.

The company further noted that based on the response received, it may adopt various sale mechanisms including competitive bidding, e-auction, closed bids, or other structured arrangements. However, SGEL has made it clear that participation in the EOI does not guarantee any allocation or future contractual rights.

Interested applicants are expected to undertake their own independent due diligence, including physical inspection, sampling, and technical evaluation of the modules prior to submission. The modules, procured prior to the current Approved List of Models and Manufacturers (ALMM) regime, will require buyers to independently assess regulatory compliance and suitability for deployment.

SGEL also highlighted that while the modules are currently insured for storage, such coverage will not be transferable to buyers. After handover, all responsibilities including transport, handling, and usage will rest entirely with the purchaser.

The pre-application meeting is scheduled for May 5, 2026 via virtual mode, while the deadline for submission of EOIs is May 14, 2026. The applications will be opened on May 15, 2026 at SGEL’s office in Shimla.

The company has retained full discretion to modify, cancel, or withdraw the process at any stage without assigning reasons or incurring any liability, reinforcing that the EOI is non-binding in nature.