Results: Aditya Birla, Giriraj Renewables Lowest Bidders in 500MW Gujarat Tender at 2.44 per unit

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For the total offered capacity of 500 megawatts, GUVNL had received bids from 13 project developers willing to develop over 1,900 megawatts of capacity — an oversubscription of nearly four times the tender. Some of the major developers that have submitted bids include Orange Renewables, Eden Renewables, Aditya Birla Renewables, Canadian Solar, Azure Power, Adani Green Energy, and Tata Power. Some of the major omissions from this list were Acme Solar and SB Energy — both these companies have been among the largest and most competitive bidders in national level solar power tenders.

The initial offers to set up capacity under this tender varied from just 30 megawatts to a full bid of 500 megawatts, by Azure Power.Against the total offered capacity of 500 megawatts, GUVNL had received bids from 13 project developers willing to develop over 1,900 megawatts of capacity — an oversubscription of nearly four times the tender. Some of the major developers that have submitted bids include Orange Renewables, Eden Renewables, Aditya Birla Renewables, Canadian Solar, Azure Power, Adani Green Energy, and Tata Power.

Some of the major omissions from this list were Acme Solar and SB Energy — both these companies have been among the largest and most competitive bidders in national level solar power tenders. The initial offers to set up capacity under this tender varied from just 30 megawatts to a full bid of 500 megawatts, by Azure Power.

It is interesting to note that GUVNL has re-tendered this capacity after first completing an auction of 500 megawatts in February this year, and then cancelling the same. While GUVNL did not specify any reasons for the cancellation of the auction, it is widely believed GUVNL found the tariff bids quoted by developers to be too high.

 

Company Name INR/ kWh MW
Aditya Birla Renewables Pvt Ltd 2.44 100
Giriraj Renewables Pvt Ltd 2.44 300
Azure Power India Pvt Ltd 2.45 500
Adani Green Energy Ltd 2.49 200
UPC Solar India Pvt Ltd 2.55 50
Fortum Solar Plus Pvt Ltd 2.63 100
Feynman Solarfarms 2.79 250
Tata Power Renewable Energy 2.85 50
Kalthia Engg & Construction Ltd 2.88 50
     
Reserve Price 2.7  
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