Welspun, Avaada, SAEL Win GUVNL’s 250 MW Solar Bid

11 Mar 2025 CW Team

Welspun Renewable Energy, Avaada Energy, and SAEL Industries have won Gujarat Urja Vikas Nigam Ltd.’s (GUVNL) auction to supply power from 250 MW of grid-connected solar projects across India, with a greenshoe option for an additional 250 MW.

Welspun secured 50 MW, Avaada won 100 MW, and SAEL gained 100 MW out of its quoted 200 MW capacity — all at a tariff of Rs 2.60/kWh. The tender, floated in January 2025, allowed participation from both under-construction and commissioned projects without long-term power purchase agreements (PPAs).

Bidders must choose interconnection through a Central Transmission Utility or Gujarat Energy Transmission Corporation substation, with projects eligible from any location in India. The minimum capacity offered was 50 MW for interstate and 10 MW for state transmission utility-connected projects.

Winning bidders must maintain a minimum 22% capacity utilisation factor, with penalties for shortfall at 150% of the PPA tariff. The power purchase agreement with GUVNL will last 25 years.

In December 2024, SAEL Industries was also among the winners of GUVNL’s Phase XXV auction for 500 MW of grid-connected solar projects.

(Mercom)

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..