BENGALURU: Only one company participated in the 100 MW solar auction held by Gujarat on Monday.
Hydroelectric power generation company SJVN NSE -0.46 % submitted a bid for the entire capacity, according to sources close to the development. The tariff quoted by SJVN was Rs 2.73 per unit.
Although GUVNL (Gujarat Urja Vikas Nigam Limited) did not confirm the details of the auction, an executive at the discom (distribution company) confirmed that since there was only one bidder, it did not hold a reverse auction. “The tariff will be approved by the state electricity regulatory commission,” the executive said, requesting anonymity.
