+
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

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?