GUJARAT URJA VIKAS NIGAM LTD.

, VADODARA
INVITATION OF BIDS FOR PROCUREMENT OF POWER ON SHORT-TERM BASIS
THROUGH TARIFF BASED COMPETITIVE BIDDING PROCESS

Request for Proposal

(As per “Guidelines for short-term (i.e. for a period of more than one day to one year)
Procurement of Power by Distribution Licensees through Tariff based bidding process”
issued by Government of India)
\

Tender Specification No. GUVNL / Power Purchase / 2021-22/ Dec-20

Event No.: GUVNL/Short/20-21/ET/61

Sr. Event Date & Time

Cost of Tender Fees Demand Draft (DD)/ECS in favour

Rs. 10,000/- plus 18%
1 of Gujarat Urja Vikas Nigam Limited, Vadodara (To be
GST
paid for each bid submitted with GST No. Of bidder )

Publication of Request for Proposal (RFP)/ Activation

2 02.12.2020
of Event
18.12.2020
3 Last date of submission of RFP Bids including EMD
(up to 13:00 Hrs)
Opening of Non-Financial Technical Bids (EMD to 18.12.2020
4
reach before opening of Bid) (at 15:00 Hrs)

23.12.2020
5 Opening of IPOs
(at 13:00 Hrs)

23.12.2020
6 Start of e-RA
(at 15:00 Hrs)

Bids to be submitted through DEEP e-Bidding portal

Office of General Manager (Commerce)
Gujarat Urja Vikas Nigam Limited
2nd Floor, Sardar Patel Vidyut Bhavan,
Race Course, Vadodara 390007
Office inviting bids & Place of
Phone (0265) 2334751 / 89800 46456
submission of EMD
Fax : (0265) 2344543, 2337918
Web : www.guvnl.com
Email ID : [email protected]
[email protected]

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 3. INTRODUCTION AND BACKGROUND

Gujarat Urja Vikas Nigam Limited (GUVNL), a Govt. of Gujarat Undertaking is holding
company of its six Subsidiaries Companies viz. Gujarat State Electricity Corporation
Limited (GSECL), Gujarat Energy Transmission Corporation Ltd. (GETCO), Dakshin
Gujarat Vij Company Limited (DGVCL), Madhya Gujarat Vij Company Limited
(MGVCL), Uttar Gujarat Vij Company Limited (UGVCL), and Paschim Gujarat Vij
Company Limited (PGVCL). GUVNL is engaged in the activity of bulk purchase and
sale of electricity in Gujarat for & on behalf of its Distribution Companies.

GUVNL under Company Act 1956 (1 of 1956) having its Registered office at Sardar
Patel Vidyut Bhavan, Race Course Vadodara – 390 007, hereinafter referred to as
“GUVNL” is inviting bid for procurement of power under Short Term arrangement. The
power would be procured through ‘Guidelines for short-term (i.e. for a period of more
than one day to one year).

2. E-BIDDING FEE

All the Bidders would be able to participate in the e-Bidding events on making payment
of the requisite fees of Rs. 500 per MW for the maximum bid quantum / capacity to PFC
Consulting Limited (PFCCL). The requisite fee plus applicable taxes shall be deposited
through the portal by e-Payment Gateway provided by MSTC Ltd. After the completion
of the bidding process, only successful Bidder(s) will have to bear the charges for the
quantum allocated to each Bidder. The balance amount will be refunded by PFCCL
within seven (7) working days without any interest. The fee deposited by non Selected
Bidder(s) will also be refunded by PFCCL within seven (7) working days of completion
of the event without any interest.

3. QUANTUM OF POWER

The Bidder(s) shall be capable of supplying power as mentioned below to GUVNL, for
the period as mentioned under:

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 Minimum
Requisition Quantum Bid
Period Timings Duration Delivery Point
No. (MW) Quantum
(MW)

15.03.2021
RTC 24 hrs 500
1. to 50
31.03.2021
Gujarat State
Transmission
System Periphery
01.04.2021 (GETCO
RTC 24 hrs 500
2. to 50 Periphery)
30.04.2021
(interconnection
of Gujarat STU &
01.05.2021 CTU)
RTC 24 hrs 500
3. to 50
31.05.2021

01.06.2021
RTC 24 hrs 500
4. to 50
30.06.2021

4. QUALIFICATION CRITERIA

The Bid shall be opened subject to the following conditions and verification of bid /
documents submitted by the bidder:

4.1 The Bidder may offer power up to the quantum indicated in RFP Document on
firm basis. The supply of power may be offered from one or more than one source
subject to condition that offers from each source shall not be less than 50 MW.
Offer of less than above specified quantity will result into non-responsiveness of
bid.

4.2 The quantum of power offered by the Bidder shall be firm power.

4.3 Bank Guarantee of sufficient amount towards Earnest Money as per the RFP

4.4 Validity of offer as specified in the RFP Documents.

4.5 Delivery Point is as specified in the RFP Documents.

4.6 If bidder is a Trader, it should submit a copy of valid Category Trading License
or equivalent trading licensee issued by Appropriate Commission.

4.7 General Terms & Conditions of the RFP Documents have been accepted in
the appropriate annexure, a signed copy of the RFP Document annexed with the
Technical Bid and required information as per Bid Document have been submitted.

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 4.8 Undertaking of the Bidder (incl. Trading Licensee) to the effect that it shall not
submit any other Bid, from the same source of generation and quantum of power
from such source as mentioned in the Bid, till selection of successful bidder /
issuance of LoA (Letter of Award) / termination of tender process, whichever is
earlier, subject to validity period of the Bid.

4.9 In case a bidder is a trading licensee, it has to submit the details of the
generating station from which the supply is intended and the power purchase
agreement / Letter of Authorization signed between such trading licensee and the
Generating station / Utility for supply of power.

NOTE: Bidders who are found technically qualified as per this RFP shall only
be considered for opening of Financial Bid (IPOs).

5. TARIFF STRUCTURE

a. The tariff should be quoted in Indian Rupees up to (3) decimals which shall
include capacity charge, energy charge, trading margin (in case of Bidder being a
Trader), open access charges, applicable Point of Connection / Transmission
charges & transmission losses (including Gujarat SLDC Fees and Charges), all
taxes and duties payable upto the Delivery Point i.e. Gujarat State Transmission
System Periphery (the interconnection of Gujarat STU and CTU).

b. For avoidance of doubt, all charges would be on account of bidder i.e. all
Application fees, Open access charges, all Transmission charges and losses,
RLDC application fees, Operating charges, all PoC injection charges and losses,
PoC Drawal charges and losses, any other charges as applicable but not
mentioned shall be on bidder’s account.

c. Bid Price shall be firm for each requisition irrespective of generating source and
shall have no escalation during such contractual basket supply periods.

d. Bidder(s) is/are required to ensure availability of necessary infrastructure/ground

work, before participating in the Bid.

e. The tariff should be constant and there shall be no escalation during the
contractual period.

f. If the power is being supplied through alternate source, additional charges and
losses if any, due to cancellation of existing corridor and booking of new corridor
etc., shall be to the account of Bidder(s) only.

g. For avoidance of doubt, it is to clarify that GUVNL will in no way be liable for any
charges up to delivery point except for the charges of energy delivered at Delivery
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 Point on the basis of the REA of the Western Regional Power Committee (WRPC)
for bidders supplying power from state(s) other than Gujarat at the single quoted
tariff for the contract period.

Similarly, intra-state generators will also have to bear all charges up to Delivery
Point and GUVNL will in no way be liable for any charges except for the charges of
energy delivered at delivery point on the basis of the SEA of SLDC at the single
quoted tariff for the contract period.

6. BIDDING PROCESS

a. GUVNL has published Notice inviting Tender (NIT) in two national newspapers
on 2nd December 2020.

b. GUVNL has issued this RFP for procurement of power on short term basis as
per the details mentioned in clause 3 above and this RFP has been uploaded on
the DEEP e-Bidding portal. RFP has also been uploaded on GUVNL’s website.

c. Earnest Money Deposit (EMD) / Bank Guarantee (BG)

i) The Bidders are required to submit EMD for the maximum capacity which
they wish to offer (in single bid or sum total of multiple bids) @ Rs. 30,000
per MW per month on RTC (30 days, 24 hours) basis and same shall be
reduced on pro-rata basis in case of bids on hourly basis, in the form of
Bank Guarantee /e-Bank Guarantee issued by Banks as per list of Banks
approved by Govt. of Gujarat vide GR no. EMD/10/2016/328/DMO dated
01.05.2017 or Electronically Transfer through payment gateway provided by
MSTC Ltd. in the portal, if available. (Govt. of Gujarat GSO attached
herewith at Annexure-I & EMD Format attached herewith at Annexure-II)

ii) The original EMD needs to be submitted before the opening of the Non-
Financial Technical Bid.

iii) The EMD shall be forfeited:

(a) If Bidder withdraws bid during Bid Validity Period except as provided in
the Guidelines.

(b) For non-submission of Contract Performance Guarantee as specified in

this RFP document, by Successful Bidder(s).

iv) The EMD shall be refunded to the unsuccessful Bidders within 10 days of
expiry of Bid validity period.

v) The EMD of the Successful Bidder(s) shall be refunded after furnishing the
Contract Performance Guarantee (CPG).

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d.Bid Submission

i) Tenders are to be submitted online through the DEEP e-Bidding portal. All
the documents uploaded by GUVNL, form an integral part of the contract.
Bidders are required to upload all the documents as asked for in the RFP,
through the above website within the stipulated date and time as given in
the RFP. The Bidder shall carefully go through the RFP and prepare the
required documents and upload the scanned documents in Portable
Document Format (PDF) to the portal in the designated locations of
Technical Bid.

ii) The documents uploaded shall be digitally signed using the Digital
Signature Certificate (DSC). Bidders should take note of all the
addendum/corrigendum related to the RFP and upload the latest
documents as part of the Bid.

iii) The process of e-Bidding shall be conducted online, in accordance with the
provisions laid herein. Each e-Bidding event shall comprise of two parts i.e.
e-Tender and e-Reverse Auction. To participate in the event each Bidder
will have to specify the source(s) of power for that particular bid. Each bid
will have only one price per requisition accompanied by total quantum of
power the Bidder intends to supply and minimum threshold quantum
acceptable to the Bidder. However, the Bidder shall have the option to
choose the requisition of an event in which it intends to participate. Each of
the bid will have to be signed by the Digital Signature of the Bidder.

iv) The Bidder shall use one Digital Signature to submit bid through one login
and for each login the Bidder may submit only one price bid from one
source. However, against each requisition the bidder have the option to bid
multiple bids from separate logins either from same or different sources.

v) Bidders shall be required to submit separate non financial technical Bid and
Financial Bids i.e. Initial Price Offer (IPO) through e-Bidding portal. The
Bidder will have the option to indicate their minimum threshold quantity and
the same would be considered for allocation of power to the Bidder(s). The
non financial Bids shall contain the acceptance of general terms and
conditions without any deviation and information about the sources from
which the Bidder shall supply the power. Bidders shall also be required to
furnish necessary EMD/Bank Guarantee along with the Bids. The Bidders
can revise their IPOs before date and time of submission of RFP.

vi) The IPO shall be strictly as per the terms of RFP and shall be unconditional.
The conditional price bid shall be summarily rejected.
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7. VALIDITY OF TENDER AND OFFER

The offer against tender should remain valid for a period of 30 (Thirty) days from
the day of opening of the tender.

8. CONDITIONAL AND INCOMPLETE TENDER

Conditional and incomplete bids are liable to rejection.

9. OPENING AND EVALUATION OF BID \

9.1 To ensure competitiveness, the minimum number of Bidders should be at least

two for each requisition. If the number of Bidders responding to the RFP is less
than two, and GUVNL still wants to continue with the selection process, the
selection of that single Bidder may be done with the consent of the Appropriate
Commission.

9.2 GUVNL shall constitute a Standing Committee for evaluation of the Bids.

9.3 Technical proposals will be opened by GUVNL or its authorized representative

electronically from the website stated above, using their Digital Signature
Certificate.

9.4 Technical proposals for those tenders whose original copies of DD/BG towards
EMD have been received and who have deposited the e-Bidding Fee will only be
opened. Proposals corresponding to which original copy of DD /BG towards tender
fee & EMD has not been received, will not be opened and will stand rejected.

9.5 Decrypted (transformed into readable formats) documents of the Statutory and
Non-statutory Covers will be downloaded for the purpose of evaluation.

9.6 GUVNL or its authorized representative can seek clarifications/documents

required in connection with technical bid. After acceptance of the non financial
technical Bids, the Financial Bids, Initial Price offer (IPO) shall be opened as per
the procedures specified in the Bid document.

9.7 In the event, if two or more Bidders quote the same amount of Tariff during
IPO and e-Reverse Auction stage, the time of submission of bid will be the
deciding factor for their ranking.

10. ELIMINATION OF BIDDERS

The elimination of the Bidders shall be done by the following method:

i) After the opening of Initial Price Offers, the system will rank the Bidders according
to their price bids. The Bidder with the highest price bid in IPO stage will be called
the H1 Bidder. The system will then analyze all the quantities offered by the

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 Bidders in the IPO stage. If the total quoted quantity is greater than twice the
Requisitioned Quantity, the Highest Bidder (H1) will be eliminated provided that
the total quoted quantity after elimination is not less than or equal to twice the
Requisitioned Quantity.

ii) The Elimination process will be done for each of the requisition separately.

11. E - REVERSE AUCTION (e-RA)

11.1 The shortlisted Bidders after elimination will be intimated individually by

system generated emails only.

11.2 The Reverse auction should start within 120 minutes of opening of Initial
Price Offers and shall continue for a period of next 120 minutes without any
extension (automatic or otherwise).

11.3 During the Reverse Auction the shortlisted Bidders will have the option of
reducing the tariff quoted by them in decrements of one paisa or multiples thereof
and to increase the quantum quoted by them by10 MW or multiples thereof. During
the Reverse Auction the prevailing Lowest Tariff would be visible to all the Bidders.

11.4 The Bidders will have the option to increase the quantum of power up to the
value corresponding to the EMD submitted along with IPO, but decrease the Tariff
during the e-Reverse Auction process.

12. ISSUANCE OF LETTER OF AWARD (LoA)

12.1 The Bidder after the e-RA process will be ranked in accordance with the tariff
offered in ascending order. The list would also include the name, quantum offered
and tariff quoted by those qualified Bidder(s) who have not changed the quantum
of power and tariff from IPO stage to e-RA stage. The Bidder(s), in order of their
rankings, offering the quantum of power up to the requisitioned capacity would be
the Successful Bidder(s).

12.2 GUVNL shall procure power from the Successful Bidders in the order of their
rankings decided on the basis of tariff quoted by them until the entire Requisitioned
Capacity is met.

12.3 GUVNL shall have the right to issue Letter of Award (LoA) to the Successful
Bidder(s) in the same order to fulfil its requirement, which can be lower than the
Requisitioned Capacity but not less than the quantum of Lowest Bidder. In the
event GUVNL rejects or annuls all the Bids, it may go for fresh Bids hereunder. If
GUVNL fails to issue the LoA within a period of 15 days from the close of e-
Reverse Auction, the Successful Bidder(s) shall have the option to exit without
forfeiting the EMD.
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 12.4 In case the Selected Bidder(s) is allocated a quantity of power less than the
minimum threshold quantum mentioned by it, it shall have the option to exit without
forfeiting the EMD.

12.5 In case the LoA is issued but Selected Bidder(s) is/are not in a position to
fulfil the requirement, being selected in another bidding process the EMD/CPG
shall be forfeited as the case may be.

12.6 After selection, a Letter of Award (the “LoA”) shall be issued, in duplicate, by
GUVNL, to the Selected Bidder(s) and the Selected Bidder(s) shall, sign and
return the duplicate copy of the LoA in acknowledgement thereof. In the event the
duplicate copy of the LoA duly signed by the Selected Bidder(s) is not received by
the stipulated date, GUVNL, may, unless it consents for extension of time for
submission thereof, forfeit the EMD of such Bidder as Damages on account of
failure of the Selected Bidder(s) to acknowledge the LoA.

13. CONTRACT AWARD AND CONCLUSION

13.1 After acknowledgement of LoA by the Selected Bidder(s), GUVNL shall cause
the Selected Bidder(s) to execute the PPA within the prescribed period in the Bid
document i.e. within 15 days from the close of the e-Reverse Auction. The
Selected Bidder(s) shall not be entitled to seek any deviation, modification or
amendment in the PPA. GUVNL, would appropriate the EMD of such Bidder as
Damages on account of failure of the Selected Bidder(s) to execute the PPA. In
case GUVNL fails to sign the PPA within the period prescribed above, the
Selected Bidder(s) shall have the option to exit without forfeit of EMD/CPG as the
case may be.

13.2 PPA will be signed with the selected Bidders within 15 days from conclusion
of the selection process or bid validity date, whichever is earlier.

14. RIGHT TO ACCEPT / REJECT THE BID

Lowest valid rate of the tender cum reverse auction price should normally be
accepted. GUVNL, reserves the right to reject any or all bids or to accept any bid,
at its sole discretion, without assigning any reasons whatsoever thereof and
without any liability.

15. CONTRACT PERFORMANCE GUARANTEE (CPG)

15.1 The Successful Bidder(s) shall furnish CPG within 2 days from the date of
selection of Successful Bidder(s) for an amount calculated at Rs. 2 lac per MW per
month (30 days, 24 hours) of contract period or part thereof. The CPG for the
procurement of power on hourly basis shall be calculated on pro-rata basis.

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 15.2 The CPG shall be in the form of BG issued by any Nationalized/Scheduled
Bank (Annexure-I) and valid for the period of Contract with a claim period of 1
month after the expiry of contract period.

15.3 In the event, the CPG is not furnished within the stipulated date, the
submitted EMD shall be forfeited.
15.4 The CPG provided by the Successful Bidder(s) shall be forfeited for non-
performance of contractual obligations. The CPG should be released within 30
days after completion of Contract Period.

16. OPEN ACESS

16.1 The Scheduling and Dispatch of the energy shall be coordinated with
respective RLDC(s) / SLDC(s) as per the provisions of IEGC and ABT framework
and decisions of RLDC/ SLDC.
16.1.1 Booking of Transmission Corridors
The successful bidder(s) shall apply for booking of the open access transmission
corridor to nodal RLDC/SLDC. Bidder(s) shall be fully responsible for the timely
filing of open access application before the nodal RLDC and coordinating with the
relevant RLDC / SLDC so as to get the timely booking of the open access corridor
for the contracted quantum on advance basis, first-cum-first serve basis, day
ahead basis, contingency basis as required.

The energy shall be scheduled and dispatched as per the relevant provisions of
CERC regulations for Short Term Open Access (STOA) and Procedure for
Reservation of Transmission Capacity for STOA (Inclusive of all the amendments
till date). The successful bidder(s) shall apply for booking of advance reservation in
such a manner so as to get the maximum quantum from the shortest route.

17 FORCE MAJEURE:-

Force Majeure means occurrence of any event or circumstance or combination of

events and circumstances stated below that wholly or partly prevents an affected
party in the performance of its obligations under PPA.

i. Any restriction imposed by RLDC/SLDC in scheduling of power due to

breakdown of Transmission/Grid constraint shall be treated as Force Majeure
without any liability on either side, subject to documentary evidence.
ii. Any of the events or circumstances, or combination of events and
circumstances such as act of God, exceptionally adverse weather conditions,
lightning, flood, cyclone, earthquake, volcanic eruption, fire or landslide or
acts of terrorism causing disruption of the system.

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18. CHANGE IN LAW

Change in Law means the occurrence of any of the following events after the date
of acceptance of LoA resulting into any additional recurring / non recurring
expenditure by the Seller or any income to the Seller.
i) Any change in transmission charges and open access charges

ii) Any change in taxes (excluding income tax), duties, cess or introduction of any
tax, duty, cess made applicable for supply of power by the Bidder(s) / Seller(s).

19: Billing Cycle:

Bidders will raise provisional bills on weekly basis for energy scheduled:

[on 8th day (for 1st to 7th), 15th day (for 8th to 14th), 22nd day (for 15th to 21st) and on 1st day of
succeeding month (for 22nd to last day of previous month)]

20: Billing:

Bidder(s)/ Seller(s) will raise the weekly bills on provisional basis based on the energy
scheduled at Delivery Point based on RLDC / Gujarat SLDC website. After receipt of
Regional / State Energy Account (REA /SEA) for the previous month from WRPC/ SLDC-
Gujarat , final energy bill, for the month shall be raised with necessary adjustments along
with complete details of power scheduled at the delivery point and/or other documents/
information, as may be required for bill verification.

The bill towards liquidated damages (as stipulated in this RFP document), if any, shall be
raised along with final energy bill as per clause- 24.

21: Payment:

GUVNL will make the payment to seller through RTGS/electronic mode on 30th working day
(Due Date) from the date of receipt of energy bills by e-mail/ fax. In the event of the Due
Date of payment being a Bank holiday/Strike/GUVNL holiday, the next working day shall be
considered as the due date of payment. In case of timely payment by GUVNL, adjustment
for the admissible rebate as per the clause described hereinafter, shall be made while
making the payment against the energy bills.

22: Rebate on payment:

A rebate @ 2 % shall be applicable on payment of Energy bills within 7 working days

from the date of receipt of energy bills by GUVNL.

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23. LATE PAYMENT SURCHARGE

i) A surcharge of 1.25% (One Point Two Five Per cent) per month shall be applied
on all payments, outstanding after 30 days for the period of non-payment beyond
the due date. This surcharge would be calculated on a day-to-day basis for each
day of the delay. Any disputes raised by GUVNL on the energy bills shall not be
treated as outstanding.

24. PAYMENT OF LIQUIDATED DAMAGES FOR FAILURE TO SUPPLY THE

CONTRACTED CAPACITY

i) Both the parties would ensure that actual scheduling does not deviate by more
than 15% of the contracted power as per the approved open access for the
monthly basis (for each requisition separately).

iii) In case deviation from GUVNL’s side is more than 15% of contracted energy
for which open access has been allocated on monthly basis, GUVNL shall
pay compensation at 20% of Tariff per kWh for the quantum of shortfall in
excess of permitted deviation of 15%, while continuing to pay open access
charges as per terms and condition of the contract.

iii) In case deviation from Seller’s side is more than 15% of contracted energy for
which open access has been allocated on monthly basis, Seller shall pay
compensation to GUVNL at 20% of Tariff per kWh for the quantum of shortfall in
excess of permitted deviation of 15% in the energy supplied and pay for the open
access charges to the extent not availed by the GUVNL.

iv) The liquidated damages shall be worked out separately for each requisition

iv) The bill towards liquidated damages (as stipulated in this RFP document)
shall be along with Energy bills as per Point 19 above.

25. COMMUNICATION
i) All parties shall rely on written communication only.

ii) The Bid submitted by the Bidder and all correspondence and documents relating
to the bid shall be written in English.

v) GUVNL reserves the right to ask for the additional information from the Bidder
through e-mail / fax only. The e-mail ids: [email protected] and
[email protected] will be used.

26. GOVERNING LAW

All matters arising out of or in conjunction with the Bid Document and/or the
bidding process shall be governed by and construed in accordance with Indian law
and the Gujarat Electricity Regulatory Commission (GERC) shall have exclusive
jurisdiction.
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27. DISCLAIMER

Neither GUVNL nor its employees shall be liable to any Bidder or any other person
under any law including the law of contract, tort, the principles of restitution or
unjust enrichment or otherwise for any loss, expense or damage which may arise,
or be incurred, or suffered, in connection with the bid, or any other information
supplied by or on behalf of GUVNL or its employees. For the avoidance of doubt it
is expressly clarified that this Bid Document is an offer to bid and it subject to the
award of LoA / PPA by GUVNL and acceptance of the LoA / PPA by the selected
Bidder will be construed as acceptance of terms and Condition.

28. DISPUTE RESOLUTION

i) All differences or disputes between the parties arising out of or in connection
with this matter shall be settled through the statutory provisions under the
Electricity Act 2003. Where any dispute arises claiming any change in or regarding
determination of the tariff or any tariff related matters, or which partly or wholly
could result in change in tariff, such dispute shall be adjudicated by the
Appropriate Commission.

ii) All other disputes shall be resolved by arbitration under the Indian Arbitration
and Conciliation Act, 1996.

iii) Notwithstanding any legal dispute, disagreement or difference, the parties

here to, shall continue to perform the respective obligations under Power Purchase
Agreement.

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 Acceptance of Bank Guarantee as
Security Deposit and Earnest
Money Deposit.

Government of Gujarat
:Finance Department
GR. No.: EMD/10/2020/42/DMO
Date: 19/10/2020

Read: FD GR. No.: EMD/10/2019/50/DMO Dt. 01/11/2019

FD GR. No.: EMD/10/2020/38780/PMO Dt. 20/04/2020

Preamble:

Tendering authorities of the State Government and its Boards/Corporations/PSUs

frequently take Bank Guarantee from the bidders towards Security Deposit and Earnest Money
Deposit. The State Government had issued the list of eligible banks vide above mentioned
resolutions of this department dated 01-11-2019 and 20-04-2020.

After careful consideration, the Government has ·decided to approve the list of Banks
whose Bank Guarantees would be accepted for the purpose mentioned above. It has now been
decided to resolve as follows:

Resolution:

Government Departments and State Government Boards/Corporations/PSUs would

accept Bank Guarantee (towards Security Deposit and Earnest Money Deposit) issued by any of
the banks included in the Annexure I, attached to this Resolution.

The tendering authority will be required to ascertain the authenticity of the Bank
Guarantee and set up necessary internal control procedures.

By order and in the name of the Governor of Gujarat.

. 5!¥:·Q . ..
/ (S. ChhaZihu: k)
Joint Secretary (B)
Finance Department
 To,
The Secretary to His Excellency Governor of Gujarat, Raj Bhavan, Gandhinagar
Principal Secretary to Hon. Chief Minister
PS to Hon. Deputy Chief Minister /Finance Minister
PS to all Hon. Ministers, State Ministers and Deputy Ministers
PS to Hon 'ble Leader of Opposition Party
The Secretary, Gujarat Legislative Assembly, Secretariat, Gandhinagar
PS to Chief Secretary
PS to Additional Chief Secretary, Finance Department
PS to Secretary (EA), Finance Department
PS to Secretary (Expenditure), Finance Department .:,.
PS to Joint Secretary (B), Finance Department
A11 Administrative Departments, Sachiva]aya, Gandhinagar
Al] Heads of Department
All Public Enterprises of the State
All State's Boards/Corporations/Societ_ies
Accountant General-I (Audit) Gujarat, Ahmedabad
Accountant Genera] (A&E) Gujarat, Ahmedabad
Accountant General-II (Audit) Gujarat, Rajkot
Accountant Genera] (A&E) Gujarat, Rajkot
Pay and Accounts Office (Gandhinagar/Ahmedabad)
Chief Information Officer, Finance Department
AH Add. Secy./Joint Secy./Dep. Secy./Under Secy. Finance Department
AH Branches, Finance Department
System Manager, Finance Department for put up on GSWAN website
Select File OMO-Finance Department
 Annexure I.
Finance Department, GR. No.: EMD/10/2020/42/DMO
Date: 19/10/2020

(A) Guarantees issued by the following banks will be accepted as SD/EMD on permanent basis:

All Nationalized Banks

(B) Guarantees issued by the following Banks will be accepted as SD/EMD for the period up to
March 31, 2021. The validity cut-off date in the GR is with respect to the date of issue of Bank
Guarantee irrespective of the date of termination of Bank Guarantee.

The Mehsana Urban Co-operative bank Limited

Ahmedabad Mercantile Co-Operative Bank Limited
Nutan Nagrik Sahakari Bank Limited
Kalupur Commercial Co-Operative Bank Limited
RBLBank
Axis Bank
ICICI Bank
HDFCBank
Kotak Mahindra Bank
Indusind Bank
YesBank
The Gujarat State Co-Operative Bank

Sarswat Bank

All the eligible banks are instructed to ·collect the original documents/papers of guarantee
from the concerned tendering authority.

Joint Secretary (B)

Finance Department

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 Annexure- II
Format of the unconditional and Irrevocable Bank Guarantee for EMD
(to be on Non- Judicial stamp Paper of appropriate value as per stamp Act
relevant to place of execution)
BANK GUARANTEE FOR EMD
To:
________

In consideration of _______________ (Insert Name of Bidder) submitting

the Bid inter alia for supply of power on short term basis for the period ______
(Insert Date) to ____, (Insert Date) through tariff based Competitive Bidding
Process in response to the
______________________________________________________________
issued by GUJARAT URJA VIKAS NIGAM LTD. (herein after referred to as
“Procurer”) agreeing to consider the bid of ____________________ (Insert
Name of Bidder) as per the terms of the bid document and the
___________________ (Insert Name of Bank) a Banking company
registered under the Companies Act 1956 and having its licensee to carry out
Banking Business under the Banking Regulation Act 1949 at having the
registered office at ________________ (Insert the address of the Bank)
(hereafter referred to as Guarantor Bank) hereby agrees unequivocally,
irrevocably and unconditionally to pay to _________________________
(Insert Name of “Procurer”) or its authorized representative forthwith on
demand in writing from __________________ (Insert Name of Procurer) or
any representative authorized by it in this behalf an amount not exceeding
Rupees _________,on behalf of _____________________(Insert Name of
Bidder)

This guarantee shall be valid and binding on Guarantor Bank up to and

including 45 days (forty five days) from date of submission of bids i.e. up to
_________ and shall not be terminable by notice or any change in the
constitution of the Bank or by any other reasons whatsoever and our liability
hereunder shall not be impaired or discharged by any extension of time or
variations or alternations made, given, or agreed with or without our
knowledge or consent, by or between concerned parties.

Our liability under this Guarantee is restricted to Rupees.

________________(Insert Amount). Our Guarantee shall remain in force
until ________ (Insert date). The procurer shall entitled to invoke this
guarantee until ________ (Insert date).

The Guarantor Bank hereby expressly agrees that it shall not require any
proof in addition to the written demand by the Procurer or authorized
representative, made in any format, raised at the above mentioned address of
the Guarantor Bank, in order to make the said payment to the Procurer or
authorized representative.

The Guarantor Bank shall make payment hereunder on first demand without
restriction or conditions and notwithstanding any objection, disputes or
disparities by the Bidder or any other person. The Guarantor Bank shall not
require the Procurer or its authorized representative to justify the invocation of
this BANK GUARANTEE, nor shall the Guarantor Bank have any recourse
against the Procurer or its authorized representative in respect of any
payment made hereunder.
This BANK GUARANTEE shall be interpreted in accordance with the laws of
India and the courts at Gujarat shall have exclusive jurisdiction.

The Guarantor Bank represents that this BANK GUARANTEE has been
established in such form and with such content that it is fully enforceable in
accordance with its terms as against the Guarantor Bank in the manner
provided herein. This BANK GUARANTEE shall not be affected in any
manner by reason of merger, amalgamation, restructuring or any other
change in the constitution of the Guarantor Bank. This BANK GUARANTEE
shall be a primary obligation of the Guarantor Bank and accordingly the
Procurer or its authorized representative shall not be obliged before enforcing
this BANK GUARANTEE to take any action in any court or arbitral
proceedings against Bidder, to take any claim against or any demand on
Bidder or to give any notice to the Bidder to enforce any security held by the
Procurer or its authorized representative or to exercise, levy or enforce any
distress, diligence or other process against the Bidder. The Guarantor Bank
acknowledges that this BANK GUARANTEE is not personal to the Procurer or
its authorized representative and may be assigned, in whole or in part,
(whether absolutely or by way of security) by Procurer to any entity to whom
the Procurer is entitled to assign its rights and obligations under the RFP
documents. The Guarantor Bank hereby agrees and acknowledges that the
Procurer or its authorized representative shall have a right to invoke this Bank
Guarantee either in part or in full, as it may deem fit. “Notwithstanding
anything contained herein:
1. Our liability under this Bank Guarantee shall not exceed Rs.
_______________(Insert Amount)

2. This Bank Guarantee shall be valid up to _____________(Insert Date) and

3. We are liable to pay the guaranteed amount or any part thereof under this
Bank Guarantee only if the Procurer” or its authorized representative serves
upon us a written claim or demand on or before ______________(Insert
Date).
In witness whereof the Bank, through its authorized officer, has set its hand
and stamp on this _________________ (Insert Date) at
____________(Insert Address).
Witness
1. _____________
Signature Name and Address

2. _____________

Designation with Bank Stamp

Name and Address

For: ___ (insert Name of Bank)

Banker’s stamp and full address
 BANK DETAILS OF GUJARAT URJA VIKAS NIGAM LIMITED (GUVNL)

1 Name of the account :- Gujarat Urja Vikas Nigam Ltd Cash Credit Account

2 A/C Number:- 10565103714

3 Name of the bank:- State Bank of India

4 Branch Code:- 1946

5 Address of the Bank:- Industrial Finance Branch, Marble Arch, Vadodara.

6 IFSC code:- SB IN 0001946

7 PAN :- AACCG2861L

8 TAN:- BRDG00972G

9 GST No. :- 24AACCG2861L1ZK