GUVNL's solar auction: Avaada, Welpsun among winners
Gujarat Urja Vikas Nigam (GUVNL) has announced the winner of the solar power auction. Welspun Renewable Energy, Avaada Energy, and SAEL Industries have bagged an order to supply power from 250 MW grid-connected solar power projects anywhere in India with a greenshoe option of 250 MW.
Welspun and Avaada quoted a tariff of Rs 2.60 to win 50 MW and 100 MW, respectively. SAEL bagged 100 MW at a tariff of Rs 2.60 kWh under the bucket-filling method.
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