Gujarat entity tenders for 1.5 GW of solar power procurement

Gujarat Urja Vikas Nigam Ltd (GUVNL) has launched a tender for the procurement of up to 1.5 GW of solar energy from grid-connected PV projects through competitive bidding. The successful developers will provide the power for their proposed or under construction PV projects.

Of the 1.5 GW capacity, 750 MW will be allocated under the greenshoe option. GUVNL can enter into a 25-year power purchase agreement (PPA) with the successful bidders.

The bidders selected by GUVNL will set up solar energy projects in Gujarat, including the electricity grid up to the point of delivery. They can choose connectivity at a state transmission utility (STU) or central transmission utility (CTU) substation.

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