Construction Industry News
SJVN Green Energy Limited (SGEL) has invited bids for the design, engineering, supply, erection, testing and commissioning of solar power projects with a total capacity of 700 MW at Khavda Renewable Energy Park in Gujarat. The project has been split into two phases: Project 1, comprising 500 MW under Gujarat Urja Vikas Nigam (GUVNL) Phase-XXI, and Project 2, comprising 200 MW under GUVNL Phase-XXIII. Both the phases are located in Khavda, with each plot having a capacity of 100 MW.
Interested bidders must submit their proposals by 19 November 2024, the day on which bids will also be opened. Companies can bid on Project 1 or Project 2, but bids must be for capacities in multiples of 100 MW.
Project 1: 500 MW capacity across five plots under GUVNL Phase-XXI in GIPCL Renewable Energy Park. Project 2: 200 MW capacity across two plots under GUVNL Phase-XXIII in GSECL Renewable Energy Park. This flexible bidding structure allows companies to submit proposals tailored to their capabilities while maintaining consistency in the size of the project. To ensure the quality of the project, the solar panels used must be from the approved list of models and manufacturers of the Ministry of New and Renewable Energy.
Bidders must meet strict qualifications to participate. These include having previously developed solar projects of at least 30 MW, including one project of 10 MW or higher, that has been operational for at least three months. Companies with experience in industrial sectors such as energy, steel, oil and gas, and cement can also qualify by having completed projects worth ?1.6 billion (~$19.03 million) per 100 MW of capacity. In addition, 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 revenue of ?1.6 billion (~$19.03 million) per 100 MW over the last three fiscal years and a positive net worth in the most recent fiscal year and at least two of the last three years.
SGEL has been actively expanding its solar portfolio. Earlier this year, the company invited bids for the manufacturing and supply of 376.60 MW of solar panels for its GUVNL (Phase-XIV) solar project. In addition, SGEL was looking to acquire or lease up to 800 acres of land in Assam for setting up solar projects with a capacity of 200 MW.
With this latest tender of 700 MW at the Khavda Renewable Energy Park, SGEL continues to play a key role in scaling up India’s renewable energy capabilities.
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