Project Award Details
Powerica Limited has emerged as a winning bidder in the e-Reverse auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL) for purchase of power through competitive bidding process from 250 MW grid-connected Wind Power Projects. The company successfully secured the bid for a 50MW project capacity.
The electronic reverse auction was finalized on July 09, 2026. The company's discovered tariff was ₹3.51 per unit, representing a 2.77% variance relative to the tender start-price. The Letter of Award (LOA) is expected to be awarded within the stipulated timelines prescribed in the tender document.
Project Execution and Contract Structure
Under the tender framework, Powerica Limited will enter into a direct Power Purchase Agreement (PPA) with GUVNL. The power procured from this 50MW allocation will directly support GUVNL in fulfilling its Renewable Purchase Obligations (RPO).
Subsequent to receiving the Letter of Award, Powerica Limited will utilize its comprehensive in-house engineering capability to execute this project, ensuring delivery within the contractually prescribed tender timelines.
Company Background
Powerica Limited is an integrated power solutions provider specializing in diesel generator sets ("DG sets") for both primary and standby applications and also operates in the Wind Power business as an Independent Power Producer (IPP) and EPC including O&M for Balance of plant.
The company entered the wind power sector in 2008 as an independent power producer. Its operations in the wind power sector include developing and operating IPP projects as well as undertaking EPC and O&M activities for balance of plant primarily within the wind power industry.
Current Wind Power Portfolio
The company's Operational Wind Power Project portfolio consists of 330.85 MW capacity across 12 projects, supported by long-term, fixed-tariff PPAs with GUVNL and SECI, generally with a term of 25 years.
EPC for Balance of plant experience covers 12 wind power projects with an aggregate installed capacity of 450.40 MW. The company also provides O&M services for Balance of plant at 10 wind power projects, with an aggregate installed capacity of 296.50 MW.