Gujarat Urja Vikas Nigam (GUVNL) intends to procure 3,000 MW electricity from thermal power plants on long-term basis through competitive bidding process.
The power utility has also floated draft bid documents for the procurement of power and has sought views and comments from the interested stakeholders.
The power will be procured from the thermal power plants of existing and new set up on design, build, finance, own and operate (DBFOO) basis.
For power generation, these plants use coal allocated under the Union government’s Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI ) policy.
GUVNL intends to invite bids after obtaining Gujarat Electricity Regulatory Commission’s (GERC) approval to the draft bid document.
Gujarat will start getting coal under SHAKTI Scheme by 2023. Hence, the commencement of power supply would tentatively begin from September 2023.
The contract period for the power supply will be 15 years and the date of registration and process for submission of bids will be intimated by GUVNL separately once the state-run company secures GERC’s approval to the bid documents.
The comapny plans to invite bids for procurement of electricity from the thermal power plants after almost a decade. It had last sought bids from thermal power producers in 2010.