FCI Aravali Gypsum and Minerals India Limited (FAGMIL), a Government of India enterprise under the Department of Fertilizers, has invited open tenders for the development of a 2.52 MW AC solar power plant at Bhawad in Osian, Jodhpur, Rajasthan. The project will be implemented under the Build-Own-Operate (BOO) model for a period of 25 years.

Under the tender, the selected developer will be responsible for arranging the required land through ownership or lease, project financing, engineering, procurement, construction, commissioning, and operation and maintenance of the solar plant throughout the contract period. The project requires a minimum DC capacity of 3,024 kWp and an AC output of 2,520 kW.

The developer will also be required to guarantee minimum annual electricity generation of 41.94 lakh units (LU) and maintain plant availability of at least 95%, excluding outages attributable to the grid. The project is expected to contribute to India’s broader renewable energy expansion and the national target of achieving 500 GW of non-fossil fuel capacity by 2030.

FAGMIL’s Power Purchase Agreement (PPA) with Rajasthan Urja Vikas and IT Services Limited (RUVITL) was executed on June 12, 2025, following the Letter of Award issued by Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) on March 15, 2024. The benchmark PPA tariff has been fixed at ₹3.323 per unit.

Bidders will be evaluated through an L-1 bidding process, with selection based on the highest net savings offered to FAGMIL. If two or more bidders offer the same L-1 price, the bidder having the higher financial turnover during FY 2024–25 will be preferred.

To qualify, bidders must have a minimum net worth of ₹5 crore as of FY 2024–25 and an average annual turnover of at least ₹10 crore during FY 2022–23 to FY 2024–25. The tender does not provide exemptions for MSMEs, Udyam-registered entities, or startups.

The tender requires an Earnest Money Deposit (EMD) of ₹10 lakh and a Performance Bank Guarantee (PBG) of ₹30 lakh. The PBG must be submitted within seven calendar days of email intimation, with provisions for converting the EMD into the PBG.

The tender was published on August 14, 2026. The pre-bid meeting is scheduled for August 20, while the deadline for seeking clarifications is August 26. Online bid submission closes on August 28, followed by bid opening on August 29.

The plant must be commissioned within four months from the award of the work order or agreement, while the PPA’s scheduled commissioning deadline is March 31, 2027. The selected developer will bear project risks, liquidated damages, and penalties associated with generation shortfalls and non-compliance throughout the 25-year agreement.