Gujarat tells wind auction winners to match lowest tariff


Gujarat tells wind auction winners to match lowest tariff

Gujarat has told all winners of its latest auction of wind power projects to match the tariff of Rs 2.80 per unit quoted by lowest bidder Enerfra to stand a chance to win the contracts, people familiar with the development told ET.

There were nine winners who quoted tariffs in the range of Rs 2.80-2.95 per unit in the 1000-mw auction conducted by Gujarat Urja Vikas Nigam (GUVNL) in May.

“In the lowest tariff and the highest tariff quoted by successful bidders, GUVNL intends to issue LOA (letter of award) only to those successful bidders who are willing to match their rate to their L1 rate of Rs 2.80 per unit,” the state-owned electrical services company said in a letter to one of the winners.

It asked the company to give consent for matching the lowest rate “within seven days from issue of letter to enable GUVNL to take suitable decision for necessary action”, a company executive told ET, quoting the letter. Read More

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