The Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids from developers to procure power from 500 MW of wind power projects in India. There is an additional greenshoe option of 500 MW. The bid submission deadline is August 12, 2024. The bidders need to deposit Rs 1.3 million per MW and a non-refundable fee of Rs 0.3 million plus 18 per cent GST. The scope of the project includes building wind power projects and connecting the projects to the transmission and utility network.
In June 2024, results for GUVNL’s auction to develop 500 MW of grid-connected solar power projects, phase XXIV, were announced. The tender was announced with a greenshoe option of additional 500 MW. The tender for the project was issued in March 2024. KPI Green Energy won 120 MW by quoting the lowest tariff of Rs 2.67 per kWh. Avaada Energy won 200 MW and Solarcraft Power India 5 (BluPine Energy) won 40 MW by quoting Rs 2.68 per kWh and Rs 2.69 per kWh, respectively. Other companies won the following capacities: Hinduja Renewables Energy – 130 MW and NRC Industries– 10 MW, by quoting a tariff of Rs 2.72 per kWh.
In the same month, results for GUVNL’s auction to develop 500 MW of grid connected wind-solar hybrid power projects, with an additional green shoe option of 500 MW, have been announced. The tender for the project was issued in February 2024. KPI Green Energy and Juniper Green Energy won 50 MW and 120 MW, by quoting Rs 3.33 per kWh and Rs 3.34 per kWh, respectively. By quoting Rs 3.39 per kWh, JSW Energy and Hinduja Renewables Energy won 180 MW and 150 MW, respectively.
