Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Letter of Intent to NHPC Limited for 200 MW capacity Solar Power Project within 1125 MW GSECL's RE Park at Khavda (GSECL Stage-3).

The estimated financial implication for the said Solar Power Project would be Rs.846.66 crore (approx.).

Recently, in February 2024, results were announced for GUVNL’s auction to develop 600 MW of grid-connected solar power projects, phase XXI.

By quoting Rs 2.54 per kWh, SJVN Green Energy won 100 MW. While SAEL Industries and Coal India have won 200 MW and 300 MW, respectively, by quoting Rs 2.55 per kWh.

In January 2024, results were announced for GUVNL’s auction to develop 500 MW of grid-connected wind-solar power projects.

By quoting Rs 2.99 per kWh and Rs 3.04 per kWh, KPI Green Energy and Juniper Green Energy have won 50 MW and 150 MW, respectively.