State-owned utility Gujarat Urja Vikas Nigam Ltd has invited bids from developers to set up 500 MW of grid-connected solar projects in the state. The power company is offering 25-year power purchase agreements (PPAs) to selected bidders.
Developers – to be selected through competitive bidding and a reverse auction – will compete for generation lots of at least 25 MW and will be responsible for transmission network infrastructure up to the point of delivery into the grid.
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