To be built at an estimated cost of US$3.84 billion, the Dholera Solar Park will be spread over 27,000 acres, and located between the High-tide and Low-tide Line area of the Gulf of Khambhat. It will be the largest single-location ultra mega solar park in the country, when complete.
The selection of project developers for the 1 GW tender will be done through competitive bidding, followed by a reverse e-auction. The basic eligibility for solar power developers includes experience of installing at least one solar project of more than 25 MW, while the net worth of the entity or its parent company should not be less than Rs 1.07 crore ($152,430)/MW.
The deadline for submitting EoI is October 15, 2018.
Gujarat Power Corporation Limited (GPCL) will be the nodal agency for the project, while GUVNL will procure the generated electricity.
With an installed solar power capacity of 1,612 MW, Gujarat is sixth in the country’s solar capacity ranking. However, it tops the list of solar parks approved under Solar Park Scheme of Ministry of New & Renewable Energy (MNRE).
Overall, the state has received the green light to develop three solar parks – 700 MW at Radhanesada, 500 MW at Harshad and 5,000 MW in the Dholera Special Investment Region (DSIR).
In other news, the Maharashtra Electricity Regulatory Commission (MERC) has fixed a generic tariff of Rs 2.72 ($0.03893)/kWh for large-scale PV projects, and Rs 3.22 ($0.04609)/kWh for solar rooftop PV projects. The rates will be valid for projects commissioned between August 1, 2018 and March 31, 2019.
MERC has also announced that in case of solar PV projects, the useful life will be considered 25 years.