GSECL Seeks GERC Tariff Approval For 45 MW Bhavnagar Solar Plant

13 Apr 2026 CW Team

Gujarat State Electricity Corporation Limited (GSECL) has filed a petition before the Gujarat Electricity Regulatory Commission seeking tariff approval for a newly developed 45 Megawatt (MW) solar power project at Badeli in Bhavnagar district. The plant forms part of a state government programme to develop renewable energy on unused government land close to existing transmission infrastructure. The filing seeks a project-specific tariff that will set the sale price of electricity from the plant.

The project is part of a 2019 state scheme that uses wasteland near transmission lines to ease land acquisition and contain costs. Under the scheme, GSECL was tasked with developing around 2,500 MW of solar capacity and the state provides a 50 per cent capital subsidy to lower generation costs.

Premier Solar Powertech Pvt Ltd was selected as contractor and the plant was executed in two phases, achieving commercial commissioning by the end of April 2025. GSECL signed a power purchase agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) in January 2026. Tariff approval is mandated under the Electricity Act 2003 and the PPA provides that GUVNL will procure power at a tariff to be determined by the commission for 25 years.

Initial cost was estimated at around Rs 269.92 crore, equal to Rs 2,699.2 mn after conversion, but total cost rose to approximately Rs 290.67 crore or Rs 2,906.7 mn after inclusion of supervision and pre-operative expenses. GSECL has sought approval of the final cost and asked the regulator to determine a tariff that reflects the subsidy, operation and maintenance costs, financial structure and return on equity. The petition is seen as part of the state effort to strengthen clean energy capacity through public sector solar projects.

Resources

13 Apr 2026

Jyoti Structures wins three CIDC Vishwakarma Awards

Jyoti Structures has received three awards at the 17th CIDC Vishwakarma Awards 2026, organised by the Construction Industry Development Council, recognising excellence across project execution, workforce and leadership.The company was honoured under Category G (Best Construction Projects) for the 400/220 kV D/C Goa–Tamnar Transmission Project in Goa, following a multi-stage evaluation covering performance, safety and quality benchmarks.In Category E2 (Artisans & Supervisors), four members from JSL’s site team working on the Torrent project were recognised, reflecting consistency in sit..

Premier Energies Secures Rs 25,770 mn Orders In Q4

Premier Energies Limited has received orders aggregating to Rs 25,770 million (mn) in the fourth quarter of fiscal year 2026 for the supply of 1,600 megawatt (MW) solar cells and modules. Execution of these orders is scheduled across fiscal year 2027 and fiscal year 2028 and the contracts have been secured from a mix of domestic independent power producers, module manufacturers and engineering, procurement and construction contractors in India. Capacity increases support the order book, with cell capacity expected to reach 10.6 gigawatt (GW) by September 2026 and module manufacturing capacity ..

Steel Exchange India Reports Rs 280 mn Debt Repayment

Steel Exchange India Limited (SEIL), one of the leading integrated steel manufacturers in South India and the maker of SIMHADRI TMT, has reported the repayment of Rs 280 mn of debt over the last two quarters. The company informed exchanges under listing regulations that the repayment was part of scheduled deleveraging measures aimed at strengthening the balance sheet. The update followed credit facilities that were taken in September 2025 to support operations and growth initiatives. During the period October 2025 to March 2026 a partial redemption was executed with Rs 214.3 mn directed toward..