The Gujarat Electricity Regulatory Commission (GERC) has adopted the tariff of ₹1.99 (~$0.0270)/kWh discovered in the competitive bidding conducted by the Gujarat Urja Vikas Nigam Limited (GUVNL) for procurement of power from 500 MW of grid-connected solar power projects in Gujarat. The Commission directed GUVNL to sign the power purchase agreements (PPAs) within 30 days from the date of the issuance of the letter of award (LoA) and submit it to the Commission.