GUVNL floats tender for 500 MW solar PV projects

Gujarat Urja Vikas Nigam Limited (GUVNL) has floated a tender for developing 500 MW of grid-connected solar photovoltaic (PV) projects across the state. An additional 500 MW of capacity may be offered to participants willing to sign power purchase agreements (PPAs) with GUVNL at the lowest quoted tariff. The tariff would be finalised through a competitive bidding process and reverse e-auction. The minimum project capacity for a single bidder has been capped at 25 MW; however, no ceiling has been defined. The last date for the submission of proposals is March 19, 2018.

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