The Gujarat Urja Vikas Nigam Limited (GUVNL) has issued fresh calls inviting developers to set up 700 MW PV capacity in Dholera Solar Park and 100 MW in Raghanesda Solar Park as it seeks to discover lower prices than in previous auctions for these capacities.
The move comes after GUVNL won the Gujarat Electricity Regulatory Commission’s approval to retender the capacities and make allotments at the lowest tariff discovered out of the two auctions (current and previous) for the respective capacities.
The earlier auction for 700 MW in Dholera, held on August 13, 2020, yielded tariffs in the range of INR 2.78-2.81. Whereas the 100 MW auction for Raghanesda Solar Park in September had a tariff ceiling of INR 2.75 and saw a single bid. Subsequently, GUVNL discovered a considerably lower tariff of INR 1.99/kWh tariff in a 500 MW auction for a non-solar park area, prompting it to approach GERC for cancellation of the other two auctions.
The developers selected by GUVNL shall set up solar power projects on a build-own-operate (BOO) basis. GUVNL may sign a power purchase agreement (PPA) with successful bidders for a period of 25 years from the scheduled commercial operation date of the project.
For 700 MW in Dholera Solar Park, 14 plots, each with 50 MW capacity, are available. Thus, a developer must bid for a minimum 50 MW capacity and in multiples of 50 MW only.
Developers must quote a single and uniform bid for an entire capacity of 100 MW, to be built on a single plot in Raghanesda Solar Park. No partial installation of capacity in the plot is allowed.
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