GUVNL discovers Rs 3.51/kWh in 250 MW wind auction
Gujarat Urja Vikas Nigam Limited (GUVNL), acting as the power procurer on behalf of its four distribution utilities, Madhya Gujarat Vij Company Limited (MGVCL), Dakshin Gujarat Vij Company Limited (DGVCL), Uttar Gujarat Vij Company Limited (UGVCL) and Paschim Gujarat Vij Company Limited (PGVCL), has concluded the e-reverse auction (e-RA) for its 250 MW wind power tender, which includes a Greenshoe option for an additional 250 MW.
The auction discovered the lowest tariff of Rs 3.51/kWh. Powerica, NLC India Renewables and Juniper Green Energy emerged as the lowest bidders at the discovered tariff, while CU-Built Renewable was the next closest bidder. The projects may be developed anywhere in India.
Tender conditions
The Request for Selection (RfS) provides for the award of 25-year power purchase agreements (PPAs). Selected developers are required to achieve financial closure within 12 months of PPA signing and commission their projects within 24 months.
The bidding document also specifies a maximum commissioning timeline of the Scheduled Commercial Operation Date (SCSD) plus 180 days. Any capacity that remains uncommissioned beyond this period will be forfeited.
For projects connected to the State Transmission Utility (STU) network, the delivery point will be a Gujarat Energy Transmission Corporation Limited (GETCO) substation at 66 kV or above. For projects connected through the Central Transmission Utility (CTU) network, the delivery point will be the Inter-State Transmission System (ISTS)-InSTS interconnection point.
The RfS mandates a minimum annual capacity utilisation factor (CUF) of 25%, with a permissible variation of ±20%. It also clarifies that CTU transmission charges are excluded from Change in Law provisions. Under the Greenshoe clause, GUVNL may increase the procurement capacity from 250 MW to 500 MW without issuing a fresh tender.
The discovered tariff of Rs 3.51/kWh is broadly in line with recent wind procurement in Gujarat. GUVNL’s Phase X auction in December 2025 discovered a tariff of Rs 3.43/kWh, the lowest recorded over the past six months.Â
Outside Gujarat, tariffs have remained higher. Solar Energy Corporation of India (SECI) Tranche XIX, which auctioned 1.2 GW in February 2026, closed at Rs 3.67-3.69/kWh. SJVN Limited’s 600 MW wind tender in March 2026 discovered tariffs of Rs 3.64-3.65/kWh, while Madhya Pradesh Power Management Company Limited (MPPMCL)’s 800 MW tender in June 2026 closed at Rs 4.12-4.17/kWh.
The recent bidding trend suggests Gujarat continues to offer some of the country’s most competitive wind tariffs, supported by favourable wind resources and lower transmission costs for STU-connected projects. By contrast, tenders that rely heavily on ISTS connectivity continue to attract higher tariffs because of additional transmission costs and evacuation-related risks.
The featured photograph is for representation only.
