Results announced for GUVNL’s 700 MW solar auction

The recently concluded auction of a 700 MW solar tender by Gujarat Urja Vikas Nigam Limited (GUVNL) saw five bidders emerging as winners. The solar projects would come up in the Dholera solar park (Phase IX). The tariff for the tender was set at Rs 2.92 per kWh. The entire capacity of 700 MW was auctioned, with the lowest bid of Rs 2.78 per kWh being offered by Tata Power and Vena energy. Both these companies were allotted 100 MW capacity each. ReNew Power won a capacity of 200 MW at a tariff of Rs 2.79 per kWh, SJVN Limited secured a capacity of 100 MW at Rs 2.8 per kWh, and TEQ Power was allotted the remaining 200 MW at Rs 2.81 per kWh.

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