+
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

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code