GUVNL To Procure 7,000 Megawatt Of Renewable Power By 2022

GUVNL To Procure 7,000 Megawatt Of Renewable Power By 2022

With the target of power purchase from renewable energy sources set to increase every year, state-run Gujarat Urja Vikas Nigam Limited (GUVNL) has chalked out plans to procure 7,000MW of solar and wind power by fiscal 2021-22, to meet renewable purchase obligations (RPO).

RPO is the minimum percentage of total power that electricity distribution companies and large power consumers need to buy from renewable energy (RE) sources. Gujarat Electricity Regulatory Commission (GERC) has set the wind and solar RPO target at around 10% for fiscal 2017-18. To promote the renewable energy sector, the RPO is set to be increased to 16% by 2021-22. The final RPO regulations, however, are yet to be notified.

Sources in GUVNL confirmed that the state power utility will need to procure more power in the years to come to reach its RPO target. According to the tentative RE power capacity addition plan on GUVNL’s website, it proposes to procure 5,500MW from solar and 1,500MW from wind power projects over the next four years. Read More…

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