The integrated power producer will sell solar power from the Gujarat plant to its licensed distribution business unit at an INR 2.22/kWh tariff.
Even though Gujarat fares better than other Indian states in terms of installed solar PV rooftop capacity, it has only achieved around 30% of the allotted target, as of the first quarter of 2021.
The Indian developer has followed up the commissioning of a 110 MW solar plant in Rajasthan earlier this month with a 105 MW PV farm in Gujarat. The Gujarat plant will supply electricity to state Discom Gujarat Urja Vikas Nigam Limited (GUVNL) at a tariff of INR 2.68/kWh (US$0.036/kWh).
The Gujarat State Electricity Corporation Limited (GSECL) has floated two separate tenders inviting bids to set up an aggregate 112 MW of grid-connected PV capacity across GETCO substations and 200 MW in Dholera Solar Park, respectively.
Bidders have until April 15 to lodge their interest in the grid-connected solar project, which must be commissioned within a year from the award of contract. Operation and maintenance of the plant for five years also falls under the bidder’s scope.
JMK Research analysts attribute the comparatively lower tariffs to good ratings of the Gujarat State Discom Gujarat Urja Vikas Nigam Limited, choice of project location for developers, and anticipation that mono PERC module prices would fall 10-15% by 2022.
The Vadodara-based engineering, procurement and construction (EPC) contractor has been awarded a 20 MW grid-connected solar project by Gujarat State Electricity Corporation Limited (GSECL).
With non-solar park auction yielding a much lower tariff of INR 1.99/kWh, the Gujarat Urja Vikas Nigam Limited (GUVNL) has retendered the capacities for fresh tariff discovery. Bidding closes on April 12.
The Indian engineering, procurement and construction contractor has secured orders to build two solar plants of 200 MW each in Gujarat. It has also won significant contracts for power transmission and distribution related work in Rajasthan, West Bengal, Tamil Nadu, and Arabian country Qatar.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.