Interested bidders must submit their proposals by November 19, 2024, the day bids will also be opened. Companies can bid for either Project 1 or Project 2, but the bids must be for capacities in multiples of 100 MW.

Project Details

Project 1: 500 MW capacity across five plots under GUVNL Phase-XXI at GIPCL Renewable Energy Park. Project 2: 200 MW capacity across two plots under GUVNL Phase-XXIII at GSECL Renewable Energy Park. This flexible bidding structure allows companies to submit proposals tailored to their capabilities while maintaining consistency in project scale. To ensure project quality, the solar modules used must be sourced from the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers.

Eligibility Criteria

Bidders must meet stringent qualifications to participate. These include having previously developed solar projects of at least 30 MW, including one project of 10 MW or higher, which has been operational for a minimum of three months. Alternatively, companies with experience in industrial sectors like power, steel, oil and gas, and cement can also qualify by having executed projects worth ?1.6 billion (~$19.03 million) per 100 MW capacity. Additionally, they must have completed electrical substations of 33 kV or higher that have been operational for at least six months.

Financial criteria include a minimum annual average turnover of ?1.6 billion (~$19.03 million) per 100 MW over the last three financial years, and a positive net worth in the most recent financial year and at least two of the last three years.

SGEL’s Growth in Solar Energy

SGEL has been actively expanding its solar energy portfolio. Earlier this year, the company invited bids for the manufacture and supply of solar modules with a capacity of 376.60 MW for its GUVNL (Phase-XIV) solar project. Additionally, SGEL sought to acquire or lease up to 800 acres of land in Assam for setting up solar projects with a 200 MW capacity.

With this latest 700 MW tender at the Khavda Renewable Energy Park, SGEL continues to play a significant role in scaling up India’s renewable energy capabilities.