Gujarat Urja Vikas Nigam Ltd (GUVNL) has awarded 250 MW of grid-connected solar capacity to three bidders at a price of INR 2.60 ($0.030)/kWh.
Avaada Energy and SAEL won 100 MW each. Welspun Renewable Energy secured 50 MW.
GUVNL had launched the 250 MW solar tender with a greenshoe option of additional 250 MW in January this year.
The winning developers can set up projects anywhere in India, on a build-own-operate basis, to supply power to GUVNL.
GUVNL will sign 25-year PPAs with the developers.
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