+
SJVN wins GUVNL’s 100 MW solar auction
POWER & RENEWABLE ENERGY

SJVN wins GUVNL’s 100 MW solar auction

Energy major Satluj Jal Vidyut Nigam Ltd (SJVN), has acquired the 100 MW project conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The company won the auction at a tariff of Rs 2.64 per kWh, which is to be set in Raghanesda Solar Park in Gujarat (phase-X).

However, GUVNL in March this year reissued tenders to acquire 800 MW of solar power projects at the Dholera and Raghanesda Solar parks in the state. The first tender was for 700 MW solar projects to be installed at the 1 GW Dholera Solar Park. The second tender was for forming a 100 MW solar project at the Raghanesda Solar Park.

In February this year, the Gujarat Electricity Regulatory Commission asked GUVNL to drop the solar auction at Dholera Solar Park of 700 MW and reissue the tender at a more economical tariff. Officials told the media that the tariff has been lowered from last time. Basic Customs Duty (BCD) has not been part as the company aims to procure the module by March 2022, before the effectiveness of BCD. Following a petition by SJVN, GUVNL to reissue its 100 MW solar auction for a project at Raghanesda Solar Park. Since tender was canceled over five months after the auction the developers were unhappy as letters of awards were issued.

SJVN Limited, Tata Power, TEQ Green Power, and Vena Energy Renewables filed a petition with the Appellate Tribunal for Electricity (APTEL) seeking relief after GUVNL decided to reissue its 700 MW tender. The developers have asked GUVNL to keep bids valid till one week until the APTEL decides.

Further, the APTEL asked GUVNL to extend the validity of bids placed by the developers by two weeks in its canceled 700 MW solar auction.

Image Source


Also read: SJVN to invest Rs 350 bn in next five years for capacity addition

Also read: Guj solar bids: Lowest tariff unaffected by new customs duty

Energy major Satluj Jal Vidyut Nigam Ltd (SJVN), has acquired the 100 MW project conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The company won the auction at a tariff of Rs 2.64 per kWh, which is to be set in Raghanesda Solar Park in Gujarat (phase-X). However, GUVNL in March this year reissued tenders to acquire 800 MW of solar power projects at the Dholera and Raghanesda Solar parks in the state. The first tender was for 700 MW solar projects to be installed at the 1 GW Dholera Solar Park. The second tender was for forming a 100 MW solar project at the Raghanesda Solar Park. In February this year, the Gujarat Electricity Regulatory Commission asked GUVNL to drop the solar auction at Dholera Solar Park of 700 MW and reissue the tender at a more economical tariff. Officials told the media that the tariff has been lowered from last time. Basic Customs Duty (BCD) has not been part as the company aims to procure the module by March 2022, before the effectiveness of BCD. Following a petition by SJVN, GUVNL to reissue its 100 MW solar auction for a project at Raghanesda Solar Park. Since tender was canceled over five months after the auction the developers were unhappy as letters of awards were issued. SJVN Limited, Tata Power, TEQ Green Power, and Vena Energy Renewables filed a petition with the Appellate Tribunal for Electricity (APTEL) seeking relief after GUVNL decided to reissue its 700 MW tender. The developers have asked GUVNL to keep bids valid till one week until the APTEL decides. Further, the APTEL asked GUVNL to extend the validity of bids placed by the developers by two weeks in its canceled 700 MW solar auction. Image SourceAlso read: SJVN to invest Rs 350 bn in next five years for capacity addition Also read: Guj solar bids: Lowest tariff unaffected by new customs duty

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code