GUVNL’s tender for 1,000 MW of coal-based power witnesses no participation

Gujarat Urja Vikas Nigam Limited’s (GUVNL) tender for the procurement of 1,000 MW of coal-based power witnessed no participation from private players owing to the low ceiling price. As per the tender, IPPs were required to quote a price lower than Rs 2.82 per unit in order to get coal (originally earmarked for the state genco), which was considered financially unviable by IPPs.

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