Powerica Secures 50 MW Wind Power Project from GUVNL Auction.

Powerica Limited has emerged as a successful bidder in Gujarat Urja Vikas Nigam Limited’s (GUVNL) e-reverse auction for the procurement of power from 250 MW grid-connected wind power projects.

The company has secured a 50 MW wind power project in the competitive bidding process, with the electronic reverse auction concluding on July 9, 2026. Powerica’s discovered tariff was ₹3.51 per unit, reflecting a 2.77% variation from the tender’s start price.

The Letter of Award (LoA) is expected to be issued to the company within the timelines specified in the tender document.

Following the award, Powerica will enter into a direct Power Purchase Agreement (PPA) with GUVNL for the 50 MW project. The power generated from the project will help GUVNL meet its Renewable Purchase Obligations (RPO).

The company said it will leverage its in-house engineering capabilities to execute the wind project and ensure completion within the timelines prescribed under the tender framework.