Tata Power Renewable Energy wins Gujarat solar auction
India’s largest generator Tata Power’s subsidiary, Tata PowerNSE 0.00 % Renewable Energy Ltd, emerged winner in an auction conducted by Gujarat for 1000 MW of projects to be built at Dholera solar park.
Tata Power and state-owned Gujarat Industries Power Company Ltd (GIPCL) were the only bidders who bid for 250MW and 50MW respectively at a tariff of Rs 2.75 per unit. Tata Power was chosen as the winner through draw of lots since Gujarat Urja Vikas Nigam Limited (GUVNL) will be allotting only 250MW.
