GUVNL purchases power at Rs.2.81/kWh from O2 Power's 200 MW solar projects

05 Apr 2024 CW Team

The directive stemmed from a petition lodged by the Gujarat Urja Vikas Nigam (GUVNL) regarding the bidding process that occurred on March 18, 2020, aiming to secure power from Dholera Solar Park.

TEQ Green had been allotted 200 MW out of the quoted capacity of 500 MW at Rs 2.81/kWh.

Furthermore, the Gujarat Electricity Regulatory Commission (GERC) instructed GUVNL to furnish a copy of the executed power purchase agreement to the Commission and to reveal the identities of the winning bidder and the tariff offered for a duration of 30 days on its website.

The tender for 700 MW at Dholera had been floated by GUVNL in January 2019 with a tariff ceiling of Rs 2.75/kWh. In August 2020, Vena Energy Renewables, Tata Power, ReNew Power, SJVN, and TEQ Green Power emerged victorious in the auction for Dholera Solar Park (Phase IX).

GUVNL issued letters of award to the successful bidders in October 2020.

The solar bidding guidelines do not stipulate the provision for re-tendering post the award or without nullifying the previous bidding process.

Nevertheless, in February, with approval from the Commission, GUVNL annulled the auction and reissued it to ascertain a lower tariff for the projects.

The Commission noted that the environmental conditions at the Dholera Solar Park were so arduous that, despite GUVNL's persistent efforts to solicit bids for a capacity of 1,000 MW, only bids for 300 MW were received.

The other winners in the auction were Vena Energy Renewables and Tata Power, each securing 100 MW at a tariff of Rs 2.78/kWh, Renew Solar Power with 200 MW at a tariff of Rs 2.79, and SJVN with 100 MW at a tariff of Rs 2.80. After the parties' arguments are heard, the Commission will issue rulings concerning the bids submitted by VERUPL and Tata Power.

As SJVN and Renew withdrew their appeals, GUVNL revised the tender from 700 MW to 600 MW and proceeded with the bid for 400 MW.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..