Indian company launches 700 MW solar tender

Gujarat Urja Vikas Nigam Ltd. has opened bids to develop 700 MW of solar capacity in India.

India’s Gujarat Urja Vikas Nigam Ltd. (GUVNL) has opened bids to develop 700 MW of solar projects at the 1 GW Dholera Solar Park. Selected projects – to be set up on build-own-operate basis – will be awarded a 25-year power purchase agreement.

GUVNL has set a ceiling price of Rs 2.92 ($0.039) per kWh for the procurement exercise. The tender’s total capacity will be spread across 14 sites, each with a capacity of 50 MW.

From: https://www.pv-magazine.com/2020/03/20/indian-company-launches-700-mw-solar-tender/