Gujarat State Electricity Corporation Limited Fire & All-Risk Insurance Tender Vadodara Gujarat 2026

Tender Overview

GOVERNMENT-OWNED energy entity Gujarat State Electricity Corporation Limited (gsecl), Vadodara, invites bids for comprehensive Assets Insurance Services covering Fire Insurance, STFI (Storm Typhoon Flood Inundation), Machinery Breakdown (MBD), and optional Earthquake for multiple power station units across Gujarat. Scope spans Wanakbori TPS units 1–6, Gandhinagar TPS 3–4, Ukai TPS 3–5, Kutch Lignite TPS 3–4, Kadana Hydro, Panam Mini Hydro, Raghanesda capacitor banks, and other listed facilities. No BOQ items are published; the contract accommodates deployment across several sites with a potential contract quantity/duration adjustment up to 25% at award and post-award. The tender sits under the Energy and Petrochemicals Department, with procurement aligned to state-level risk management for critical infrastructure.

Technical Specifications & Requirements

• Insurance scope includes Fire Insurance and Standard Fire & Special Perils (SFSP), plus STFI Cover and Earthquake Optional for selected units.
• Covered facilities include major thermal, hydro, and capacitor bank assets across multiple locations in Gujarat; no explicit unit-wise limits are published.
• Bid terms allow quantity/duration adjustments up to 25% at issuance and after contract award, a detail emphasized in the Buyer Added Terms (ATC).
• There are no technical performance metrics or ISI/ISO standards listed in the data; bidders should anticipate standard insurance documentation, risk assessment, and compliance with general insurance regulations.
• The absence of a BOQ implies a comprehensive risk-insurance package rather than itemized equipment insurance.

Terms, Conditions & Eligibility

• EMD amount and specific financial guarantees are not disclosed in the provided data.
• Bidder must comply with the buyer’s modification clause allowing up to 25% changes in quantity or duration.
• The terms specify an ATC document uploaded by the buyer; bidders should review that file for precise alternative quantities and durations.
• No explicit delivery schedule is provided; insurance contracts typically commence on issuance or as per project milestones.
• Section highlights emphasize multi-site risk coverage with optional earthquake add-ons and STFI protections across listed power facilities.