GUVNL Awards Solar Contracts Worth 350 MW to its Three Bidders

• GUVNL has actually granted agreements worth 350 MW to the 3 prospective buyers that sent proposals in its most recent tender for the acquisition of power from 500 MW solar projects

The Gujarat Urja Vikas Nigam Limited (GUVNL) has actually granted agreements worth 350 MW to the 3 prospective buyers that sent proposals in its most recent tender for the acquisition of power from 500 MW of grid-connected solar PV power projects to be established in Gujarat (Phase VIII).

The state utility had actually formerly introduced that it had actually obtained an overall of 3 practically certified quotes worth a consolidated 430 MW of solar energy project capability. The 3 prospective buyers were Tata Power, Juniper Green as well as Vena Energy-- that sent proposals worth 200 MW, 190 MW, as well as 40 MW, specifically.

The utility has actually because carried out the e-reverse public auction for the tender as well as granted all 3 prospective buyers contracts for the growth of solar projects.

Vena Energy estimated the shed toll at Rs 2.61/ kWh to be granted the 40 MW capability it had actually sent its proposition for. Juniper Energy has actually been granted the complete 190 MW capability at a toll of Rs 2.63/ kWh, and also Tata Power after estimating a toll of Rs 2.64/ kWh has actually been granted just 120 MW ability under the tender, after sending a proposition for 200 MW.

GUVNL had actually released the tender for the 500 MW solar power projects in February. According to the tender, the extent of help the effective prospective buyers will certainly consist of the establishing of solar PV power project(s) consisting of the transmission network as much as the shipment factor at its very own expense.

The goal for issuance of the tender is to satisfy the sustainable power acquisition commitment (RPO) and also to satisfy the future demands of Discoms, GUVNL plans to acquire solar energy as much as an ability of 500 MW (Phase VIII). GUVNL will become part of PPA with effective prospective buyers for a duration of 25 years from the set up industrial procedure day of the project.

The optimum toll payable to the chosen prospective buyer was evaluated Rs 2.65/ system. As well as the number has actually been regarded, by market stakeholders, as the vital factor for the warm reaction the tender has actually obtained.