In its maiden venture into solar power generation, state-run Coal India Limited will set up a 100 MW plant and sell the electricity produced to Gujarat Urja Vikas Nigam Ltd for 25 years.
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).
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.
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 150 MW solar plant in Kutchh is Adani Green Energy’s third PV commissioning within a month. Its other two solar capacities that became operational since December end include 100 MW at Khirsara, Gujarat, and 25 MW at Chitrakoot in Uttar Pradesh.
The solar plant in Chitrakoot takes Adani Green Energy’s total operational renewable capacity to 2975 MW—a step closer to its vision of 25 GW capacity by 2025.
The developer secured the grid-connected solar capacity in a 700 MW auction by state utility Gujarat Urja Vikas Nigam Limited which had a tariff ceiling of INR2.92/kWh.
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