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Coal India Ltd, a state-owned company, has emerged as the successful bidder for a Gujarat solar power project. "In the e-auction held on January 25, 2024, Coal India Limited bagged 300 MW capacity of Gujarat Industrial Power Corporation Ltd, RE park of 600 MW capacity at Khavda, grid-connected SPV Project," the company said in a statement.
GUVNL invited bids for 600 MW of grid-connected solar power projects at Gujarat Industries Power Company's (GIPCL) solar park in Khavda, Gujarat.
GUVNL and Coal India Ltd. will sign a 25-year power purchase agreement. The order must be executed within 15 months after the date of the power purchase agreement.
Coal India accounts for over 80% of domestic coal output. As a step towards diversification, the company is focusing on renewable energy, including solar.
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