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.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..