+
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
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?