Gujarat to re-tender 700 MW solar projects to seek lower tariff

In the light of solar power tariffs reaching a record low of `1.99/unit, Gujarat will conduct another auction for 700 mega-watt (MW) of solar power plants to be built in Dholera, even as these projects were earlier auctioned.

In the earlier auction completed in August, 2020, the lowest tariff discovered was Rs 2.78/unit. The winners — Vena Energy, Tata Power, ReNew Power, state-run Satluj Jal Vidyut Nigam and TEQ Green — were already issued letters of award (LoAs) for the project in October, 2020. The final power purchase agreements were scheduled to be signed in January, but were not clinched. Even though the LoAs are not cancelled, the state government has obtained regulatory clearance for another round of bidding.