Gujarat Urja Vikas Nigam Limited (GUVNL), a state-owned power corporation in India, has announced the winners of its recent auction for 1,125 megawatts (MW) of grid-connected solar power projects. The auction, conducted in January 2024, saw fierce competition and resulted in five companies securing contracts to develop solar farms in Gujarat.

The winning companies are:

• Solar Direct (ENGIE)


• NHPC Limited


• JSW Neo Energy


• SJVN Limited 


• NTPC Renewable Energy Limited

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The projects will be located within the Gujarat State Electricity Corporation Limited's (GSECL) renewable energy park at Khavda, contributing significantly to the state's clean energy goals. Notably, the tender allowed bids for projects under various stages of development, including those under construction, not yet operational, and even existing facilities without long-term power purchase agreements (PPAs). This inclusivity potentially broadens the pool of participants and facilitates faster project completion.

Auction Result 

source : mercom

Significance of the Auction

This auction marks a significant step towards India's ambitious renewable energy goals. The competitively priced bids indicate a maturing solar power sector in the country, with companies vying for large-scale projects. Additionally, the participation of established players like NTPC and NHPC alongside newer entrants like JSW Neo Energy showcases the growing confidence in solar energy as a viable and cost-effective source of power.

The development of these projects in Khavda will not only add 1,125 MW of clean energy to Gujarat's grid but also create employment opportunities and contribute to the state's renewable energy targets. The low tariffs achieved reflect the increasing cost-competitiveness of solar power, making it an attractive option for meeting future electricity demands in a sustainable manner.

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