Hinduja Renewables Energy Private Limited, an independent power producer, has won a bid to set up a 140 MW solar power capacity project in a tender issued by the Gujarat Urja Vikas Nigam Limited (GUVNL) at a tariff rate of Rs 2.64/kWh, said a release from the company on Wednesday. This has a potential to 280 MW as the GUVNL may allow an additional capacity of 140 MW by exercising the Greenshoe option, the release added. As per the release, the award is part of the Solar Tender Phase -XXII issued by GUVNL for the selection of solar power developers for setting up 500 MW Solar Power Projects anywhere in India.
