The Gujarat Electricity Regulatory Commission (GERC) has approved the power purchase agreements (PPAs) for 500 MW of grid-connected solar photovoltaic (PV) projects which were tendered and auctioned by the Gujarat Urja Vikas Nigam Limited (GUVNL). The solar PV projects will be developed under Phase III of the state’s Raghanesda Solar Park.
In May 2019, the state had auctioned 500 MW of grid-connected solar PV projects out of the tendered 700 MW solar PV capacity. In the auction, Engie had emerged as the lowest bidder after quoting a tariff of ₹2.65 (~$0.038)/kWh to develop a capacity of 200 MW.
Gujarat Industries Power Company Limited (GIPCL) bid ₹2.68 (~$0.0384)/kWh to set up 100 MW of solar capacity while Gujarat State Electricity Corporation Limited Read more