Four companies have submitted technical bids for the implementation of Phase III of the 700 MW solar park project located in Raghanesda – Tata Power Company Limited (200 MW), Engie (200 MW), Gujarat Industries Power Company Limited (100 MW) and Gujarat State Electricity Corporation Limited (100 MW). With this, the tender issued by GUVNL on March 6, 2019 has been undersubscribed with an aggregate capacity of 100 MW. The project involves the development of 700 MW of solar power projects on 1,407 hectares of land in Gujarat on a BOO basis.