Gujarat scraps 500MW wind auction as bidders balk at project terms

Contract provisions will be revised.

The Gujarat Urja Vikas Nigam Limited (GUVNL) has cancelled the tender for the purchase of 500 MW of grid-connected wind.

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The tender, first released in February this year, offered an additional 500 MW of power under Greenshoe option. In a statement posted at its website, GUVNL said that the tender “is hereby cancelled and the bidding process is annulled.”

In an interview with Mercom, a GUVNL official stated that “have certain issues” with the provisions of the request for selection (RfS) document.

The official said that the provisions of the RfS will have to be revised, and that revisions will take two months or more.

Wind power tariffs had slipped to a low of ~$0.038/kWh in the previous GUVNL wind auction, held in December 2017.