Gujarat Urja Vikas Nigam Ltd. (GUVNL) has launched a tender to develop 1.2 GW of PV projects (including 600 MW under s greenshoe option).
From pv magazine India
GUVNL plans to procure 600 MW of solar power. The projects will be awarded through competitive bidding. It may decide to enter into 25-year power purchase agreements (PPA) with the successful bidders.
The successful bidders will set up PV projects in Khavda Solar Park on a build-own-operate basis.
The developers must bid for a minimum 100 MW of capacity and in multiples of 100 MW only.
The additional capacity of up to 600 MW through a greenshoe option will be offered to the successful bidders who are willing to execute PPAs with GUVNL at the lowest tariff discovered under the competitive bidding process.
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