The Gujarat High Court on Monday dismissed a petition opposing the holding of the state’s first wind auction. An official at the state power distributor, Gujarat Urja Vikas Nigam Ltd (GUVNL) that was to conduct the auction, confirmed that the decks were now cleared for it to go ahead with the auction.
The auction had been opposed by the Indian Wind Energy Association on the grounds that the guidelines governing such auctions had not yet been announced by the Centre and thus holding it contravened Section 62 of the Electricity Act, 2003. The Gujarat High Court then passed an interim order on October 24, restraining GUVNL from holding the auction, as ET reported the following day.
Following the October court order, the last date for filing techno-commercial bids, which have to pass muster before developers are allowed to participate in the actual price auction, had been postponed to November 7. GUVNL confirmed that the last day would now remain unchanged. Date for the actual auction is yet to be announced. Read More…
Latest posts by The Economic Times (see all)
- America’s oil boom on fire even as wildcatters save cash - February 21, 2019
- India’s coal power plants ‘unhealthiest’ in world: Study - February 21, 2019
- GIC, ADIA To Power Greenko Again With $550m Cheque - February 21, 2019