National Infrared? Limited (NIRL) receives a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 900 MW solar power project, according to reports from Times of India and The Hindu. The project is awarded through a tariff-based competitive bidding process. Under the arrangement, the electricity generated by the solar plant is to be procured by GUVNL. The sources describe the LoI as indicating the next stage of development following the competitive bidding outcome, with NIRL set to establish the solar capacity intended for supply to GUVNL. The reporting does not provide additional details such as the project’s location, commissioning timeline, tariff figures, or financing structure. Overall, both outlets agree on the key elements: NIRL’s involvement, the project size of 900 MW, the role of GUVNL as the procurer, and the competitive bidding basis for the award.
NIRL to develop 900 MW solar power project for GUVNL
National Infrared? Limited (NIRL) receives a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 900 MW solar power project, according to reports from Times of India and The Hin...
- NIRL is set to develop a 900 MW solar power project.
- GUVNL issues a Letter of Intent to NIRL for the project.
- The project award comes through a tariff-based competitive bidding process.
- GUVNL will procure the power generated from the solar plant.
The project has been awarded through a tariff-based competitive bidding process, with the power generated to be procured by GUVNL
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