TPREL wins Gujarat’s 1,000 MW solar PV auction

Tata Power Renewable Energy Limited (TPREL) has emerged as the winner in the 1,000 MW solar PV auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL) for setting up projects at the Dholera Solar Park. Only two bidders – TPREL and Gujarat Industries Power Company Limited – had submitted bids for the project for 250 MW and 50 MW of capacity, respectively, at a tariff of 2.75 per unit. GUVNL selected TPREL as the winner through a draw of lots since only 250 MW will be allocated under the auction. The bids for the tender have been invited three times previously with no/limited participation, owing to a ceiling tariff which was set at Rs 2.75 per unit by GUVNL.

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