With Gujarat Urja Vikas Nigam Limited (GUVNL) as the offtaker, the project takes Tata Power’s cumulative solar capacity under development in Gujarat to 580 MW.
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.
Canal-top solar installations make an attractive proposition for India as these provide renewable electricity for farming activities without consuming the land. Such projects also lead to canal water savings due to reduced evaporation. However, their high cost compared to ground-mount remains a concern.
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.
Tata Power, TEQ Green Power, and Vena Energy Renewables Urja have approached the Delhi-based Appellate Tribunal for Electricity (APTEL) seeking interim relief against the Gujarat Electricity Regulatory Commission’s order allowing retendering of the awarded solar capacity.
The solar plants are to be developed under the Open category, allowing the use of solar cells and modules of any origin. The deadline for bid submissions is March 16.
The state electricity regulator has passed the order in Gujarat Urja Vikas Nigam Ltd’s favor, allowing it to retender the 700 MW capacity to seek lower tariffs than the INR 2.78-2.81/kWh levels awarded to developers. Developers’ body says the move will impact investors’ sentiment as arranging finance starts soon after developers win a capacity.
The Gujarat-based solar developer has signed power supply agreements with nine different industrial customers for PV projects aggregating to 13.15 MW.
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