Engie India has quoted the lowest bid of Rs 2.65 per kWh for 200 MW of capacity in the 700 MW solar PV auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). Other winners included Gujarat Industries Power Company Limited (GSDCL) and, Gujarat State Electricity Corporation Limited, both of which bid at Rs 2.68 per kWh to set up 100 MW of solar capacity each, and Tata Power, which bid at Rs 2.70 per kWh to develop 200 MW. However, it has been awarded only 100 MW. Overall, the tender was undersubscribed by 100 MW. The solar PV projects will be developed under Phase III of the Raghanesda Solar Park. In a separate development, GUVNL’s 1,000 MW tender for grid-connected solar PV projects at the Dholera Solar Park (Phase V) has also been undersubscribed. Only two state-owned entities – GIPCL and GSECL – submitted bids totalling 300 MW.