+
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
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code