Gujarat Urja Vikas Nigam Limited has declared the results of its auction for 500 MW of grid-connected solar power projects under Phase XXV, with an additional greenshoe option of 500 MW.
Prozeal Green Energy, Kintech Synergy, Ausom Enterprise, Enertech Fuel Solutions, S.B.B. Mouldings, and Drashta Green Power emerged as winners, securing 100 MW, 50 MW, 50 MW, 40 MW, 10 MW, and 10 MW, respectively, at a tariff of Rs 2.55 per kWh. Sustainable and Afforadable Energy for Life (SAEL) won 240 MW of its quoted capacity of 300 MW through the bucket-filling method at Rs 2.56 per kWh. Under the greenshoe option, Kintech Synergy, Enertech Fuel Solutions, Drashta Green Power, and SAEL accepted additional capacities of 50 MW, 203 MW, 7 MW, and 240 MW, respectively, at Rs 2.55 per kWh.