Tenders for 1 GW solar projects floated by GUVNL
Gujarat Urja Vikas Nigam Ltd (GUVNL) has floated tenders inviting bids to procure up to 500 MW of solar power from grid-connected PV projects to be set up anywhere in India and an additional up to 500 MW through the Greenshoe option.
The winners would be selected through e-bidding followed by an e-reverse auction process. GUVNL may enter into a 25-year power purchase agreement (PPA) with successful developers. Further, the developers shall set up the solar project, including the electrical network up to the delivery point. The minimum project capacity is 25 MW.
Also Read: Bids For 300 MW Wind Projects Invited By GUVNL