Gujarat government floats tender to procure coal based power at tariff less than Rs 2.82 per unit

The Gujarat government has floated a tender to procure 1,000 MW of power from coal-based plants willing to sell electricity at a tariff of less than Rs 2.82 per unit. The state would transfer the coal allocated to Gujarat State Electricity Corporation Limited (GSECL) to select developers under a reverse auction which will be held on September 8, 2017. Following the reverse auction, coal marked for state power generating units will be transferred to more fuel-efficient private power plants which would sell electricity to the state from October 1, 2017 to June 30, 2018.

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