Gujarat govt bought solar power at 2010 PPA rates of Rs 9.13-Rs 15
POWER & RENEWABLE ENERGY

Gujarat govt bought solar power at 2010 PPA rates of Rs 9.13-Rs 15

Data released by the Gujarat government shows that it bought over 6,200 million units of solar power priced between Rs 9.13 and Rs 15 per unit from private power producers over the last five years. This is despite the fact that developers were ready to sell solar power as low as Rs 1.99 per unit.

The data released by the Gujarat government in the recently concluded budget session of the state legislature shows that between April 2015 and March 2020, Gujarat bought solar power from a total of 61 private players under the Solar Power Policy 2009. Of these private entities, 38 sold power to Gujarat at Rs 15 per unit, while the remaining 23 players sold at anywhere between Rs 9.13 and Rs 13.59 per unit.

Apart from the 6,200 million solar power units, the state government bought an additional 573 million units of power from the same 61 private players from April to September 2020, the government stated.

Gujarat government buys power from different entities through Gujarat Urja Vikas Nigam Limited (GUVNL). GUVNL officials said the state government is paying Rs 15 per unit as per agreed rates in the Power Purchase Agreements of 2010-11.

During the years 2015-20, the maximum solar power has been bought from Adani Power Ltd, which sold 328 million units at Rs 15 per unit. There was a 10.2% rise in the quantity of power bought from the Adani Group.

The government bought more than 200 million units of power at Rs 15 per unit rate from each of the private entities, including 210 million units from Tata Power Renewable Energy Limited, 200 million units from GMR Gujarat Solar Ltd, 208 million units from Lorox Bio Energy Ltd, 209 million units from Roha Dyechem Pvt Ltd, and 207 million units from Alex Astral Power Pvt Ltd.

Only 14 million units were purchased from Texas Infrastructure and Project Pvt Ltd, which sold at Rs 9.13 per unit, the cheapest power among the 61 players.

Image Source


Also read: Tariff dispute: Solar players vs Gujarat power

Also read: GUVNL reissues scrapped solar tenders

Data released by the Gujarat government shows that it bought over 6,200 million units of solar power priced between Rs 9.13 and Rs 15 per unit from private power producers over the last five years. This is despite the fact that developers were ready to sell solar power as low as Rs 1.99 per unit. The data released by the Gujarat government in the recently concluded budget session of the state legislature shows that between April 2015 and March 2020, Gujarat bought solar power from a total of 61 private players under the Solar Power Policy 2009. Of these private entities, 38 sold power to Gujarat at Rs 15 per unit, while the remaining 23 players sold at anywhere between Rs 9.13 and Rs 13.59 per unit. Apart from the 6,200 million solar power units, the state government bought an additional 573 million units of power from the same 61 private players from April to September 2020, the government stated. Gujarat government buys power from different entities through Gujarat Urja Vikas Nigam Limited (GUVNL). GUVNL officials said the state government is paying Rs 15 per unit as per agreed rates in the Power Purchase Agreements of 2010-11. During the years 2015-20, the maximum solar power has been bought from Adani Power Ltd, which sold 328 million units at Rs 15 per unit. There was a 10.2% rise in the quantity of power bought from the Adani Group. The government bought more than 200 million units of power at Rs 15 per unit rate from each of the private entities, including 210 million units from Tata Power Renewable Energy Limited, 200 million units from GMR Gujarat Solar Ltd, 208 million units from Lorox Bio Energy Ltd, 209 million units from Roha Dyechem Pvt Ltd, and 207 million units from Alex Astral Power Pvt Ltd. Only 14 million units were purchased from Texas Infrastructure and Project Pvt Ltd, which sold at Rs 9.13 per unit, the cheapest power among the 61 players. Image Source Also read: Tariff dispute: Solar players vs Gujarat power Also read: GUVNL reissues scrapped solar tenders

Next Story
Real Estate

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Next Story
Real Estate

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Next Story
Infrastructure Energy

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App