GERC approves Rs 3.11/kWh tariff for GUVNL's 500 MW Wind Power
POWER & RENEWABLE ENERGY

GERC approves Rs 3.11/kWh tariff for GUVNL's 500 MW Wind Power

The Gujarat Electricity Regulatory Commission (GERC) has approved a tariff of Rs 3.11/kWh (~$0.037) for Gujarat Urja Vikas Nigam Limited (GUVNL) to secure power from 500 MW grid-connected wind power projects through a competitive bidding process in the state.

In response to a petition by GUVNL seeking adoption of tariffs and procurement of 500 MW from grid-connected wind power projects in the state, GERC has directed GUVNL to disclose the bidders' names and quoted tariffs on its website within 30 days.

GUVNL initiated a tender for the procurement of 500 MW grid-connected wind projects (Phase V) with an additional allocation of up to 500 MW capacity under the Greenshoe option.

Out of the total capacity, only 300 MW was auctioned, with Juniper Green, Evergreen Renewables, SJVN Green, and Solarcraft Power (Blupine Energy) selected at tariffs of Rs 3.11/kWh (~$0.03), Rs 3.18/kWh (~$0.038), Rs 3.26/kWh (~$0.039), and Rs 3.37/kWh (~$0.040), respectively.

The developers, upon successful bidding, will enter into a 25-year Power Purchase Agreement (PPA) with GUVNL and will bear all associated expenses.

The project aims to interconnect with the Gujarat state transmission utility or the central transmission utility substation via a dedicated transmission line to deliver energy at the Gujarat Energy Transmission Corporation periphery.

GUVNL, representing the four distribution companies, sought tariff adoption from the Commission and has been engaging in PPAs with renewable energy generators for power procurement.

Since bids were received for only 300 MW, a new e-reverse auction will be conducted for 80% of the subscribed capacity.

The Gujarat Electricity Regulatory Commission (GERC) has approved a tariff of Rs 3.11/kWh (~$0.037) for Gujarat Urja Vikas Nigam Limited (GUVNL) to secure power from 500 MW grid-connected wind power projects through a competitive bidding process in the state. In response to a petition by GUVNL seeking adoption of tariffs and procurement of 500 MW from grid-connected wind power projects in the state, GERC has directed GUVNL to disclose the bidders' names and quoted tariffs on its website within 30 days. GUVNL initiated a tender for the procurement of 500 MW grid-connected wind projects (Phase V) with an additional allocation of up to 500 MW capacity under the Greenshoe option. Out of the total capacity, only 300 MW was auctioned, with Juniper Green, Evergreen Renewables, SJVN Green, and Solarcraft Power (Blupine Energy) selected at tariffs of Rs 3.11/kWh (~$0.03), Rs 3.18/kWh (~$0.038), Rs 3.26/kWh (~$0.039), and Rs 3.37/kWh (~$0.040), respectively. The developers, upon successful bidding, will enter into a 25-year Power Purchase Agreement (PPA) with GUVNL and will bear all associated expenses. The project aims to interconnect with the Gujarat state transmission utility or the central transmission utility substation via a dedicated transmission line to deliver energy at the Gujarat Energy Transmission Corporation periphery. GUVNL, representing the four distribution companies, sought tariff adoption from the Commission and has been engaging in PPAs with renewable energy generators for power procurement. Since bids were received for only 300 MW, a new e-reverse auction will be conducted for 80% of the subscribed capacity.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code