GUVNL seeks 625 MW solar PV projects with INR 2.34/kWh discovered tariff

Gujarat Urja Vikas Nigam Ltd (GUVNL) launched a tender in November 2025 to procure 625 MW of solar power from projects to be set up without energy storage anywhere in India. The tender saw aggressive bidding, with the lowest discovered tariff (L1) at INR 2.34/kWh. Welspun Renewable Energy and NLC India emerged as winners, securing 300 MW each. The selected developers will establish the projects on a build-own-operate basis at locations of their choice across India. Solar PV modules for these projects must be sourced from the MNRE’s Approved List of Models and Manufacturers (ALMM List-I), with cells from ALMM List-II.

Counterparts (3)

Developer

N

NLC India Limited

company

NLC India Limited is a Navratna public sector undertaking under the Ministry of Coal, Government of India, engaged in lignite and coal mining, and thermal power generation. The company operates over 6 GW of power generation capacity, including a growing portfolio of solar and wind energy projects, primarily across India.

Welspun Renewable Energy

company

Welspun World is a diversified Indian conglomerate with businesses in home textiles, pipes, infrastructure, and energy. The group has a global presence in over 50 countries with over 40,000 employees and a group revenue of $5 billion.

Offtaker

Gujarat Urja Vikas Nigam Ltd

company