June 19 (Renewables Now) - Indian utility Gujarat Urja Vikas Nigam Ltd (GUVNL) will award power purchase agreements (PPAs) for the addition of 1,000 MW of solar and wind capacity in two separate tenders.
The state-controlled company has launched a request for selection (RfS) and by July 10 is awaiting proposals for 500 MW of wind and 500 MW of solar power, it says in a notice on its website. On July 11, GUVNL will open the technical bids and hold a reverse tender for wind and solar on July 17 and July 18, respectively. The lowest price will be determined in an e-auction.
In May, a solar auction for 500 MW capacity in Bhadla, Rajasthan got a bid of just INR 2.44 (USD 0.037/EUR 0.033) per kWh setting a new record in India.
Successful bidders in the Gujarat tender will receive PPAs for their solar and wind parks, as part of GUVNL’s efforts to meet its renewable purchase obligations (RPOs) and address the future needs of its power distribution firms.
GUVNL notes that it will reserve 75 MW of capacity in each auction for central and state public sector undertakings (PSUs) and government-owned entities.