Hinduja wins bid for 140-MW solar project

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.

• By: Express News Service
• Gandhinagar | December 28, 2023 01:26 AM IST
1 min read

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.

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.

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