Developers resist GUVNL's request to match lowest bid
State utility Gujarat Urja Vikas Nigam Limited (GUVNL) received bids for 932MW of the available 1GW of capacity in its recent tender but contrived to only secure 190MW. The utility felt the spread of INR2,800-2,950 per MWh was too great and asked the developers to match the lowest bid made by Anisha...