Aditya Birla (ABREL SPV 2), Hinduja Renewables Energy, and SJVN were winners in Gujarat Urja Vikas Nigam’s (GUVNL) auction to develop 500 MW of solar projects under Phase XIV with a greenshoe option of an additional capacity of up to 500 MW (Tranche-XIV).
Aditya Birla won 300 MW, and Hinduja Renewables Energy won 120 MW, both quoting a tariff of ₹2.30 (~$0.0296)/kWh. SJVN was awarded 80 MW out of the quoted capacity of 200 MW at ₹2.31 (~$0.0297)/kWh.
GUVNL intends to procure solar power to fulfill its renewable power purchase obligation (RPPO) and meet the requirements of distribution companies (DISCOMs).
The tender was floated in April this year.
Speaking to Mercom, Surajit Chandra, GM-Business Development, Aditya Birla Group, said, “This project had the Approved List of Models and Manufacturers (ALMM) applicability. We have done our research, and ₹2.30/kWh (~$0.0296)/kWh) seems like a viable and feasible tariff option to us. We have a great offtaker in GUVNL, and we have bid in almost every GUVNL auction. The auction has a greenshoe option which will be allocated later on by GUVNL.”
Successful bidders will be responsible for approvals, permits, and clearances, including connectivity and land registration.
The project should be designed to deliver energy at the Gujarat Energy Transmission Corporation (GETCO) periphery. Successful bidders will be responsible for getting the grid connectivity with GETCO or the central transmission utility (CTU).
Solar projects will be allowed to be set up in the existing grid-connected wind farms subject to the availability of spare capacity for renewable energy integration at corresponding GETCO or CTU substations.
Such projects must also comply with the clauses in the request for selection document and are subject to GETCO or CTU’s agreement for utilizing the connectivity granted to wind farms.
Gujarat Energy Development Agency will act as the state nodal agency. It will facilitate the required approvals to achieve the commissioning of the projects. GETCO and CTU will help set up the transmission system to evacuate power from the project.
In January this year, GUVNL invited bids from developers to purchase power from 500 MW of grid-connected solar power projects (Phase-XIII). Fortum Power (Alpha Energy), SJVN, Hinduja Renewables Energy, and UPC Renewables (AMSA Solar Energy) were declared winners in the auction.
According to Mercom’s India Solar Tender Tracker, GUVNL has floated tenders for 8.15 GW of solar projects.
Rakesh Ranjan is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.