GUVNL invites bids to procure 1,000 MW power on short-term basis

In order to procure 1,000 MW power on short-term basis, the state-run Gujarat Urja Vikas Nigam (GUVNL) has invited bids through tariff based competitive bidding. Decrease in the supply of electricity by private sector companies under Power Purchase Agreements (PPAs) has led the supreme electricity utility to procure 1,000 MW which includes 500 MW round the clock and 500 MW for 12 hours for September, October and November. For the month of December, GUVNL has invited bids for 250 MW round clock power and 500 MW for 12 hours.