Seven companies have submitted bids for development of the 700 MW solar park project (Phase III) in Raghanesda. These include SB Energy (250 MW), Tata Power Company Limited (250 MW), Engie (250 MW), Fortum (250 MW), Mahindra (250 MW), Adani Green Energy Limited (250 MW) and Gujarat Industries Power Company Limited (250 MW). With this, the tender issued by Gujarat Urja Vikas Nigam Limited has been oversubscribed with an aggregate capacity of 1,050 MW.
