Gujarat Industries Power Company (GIPCL) has commissioned a capacity of 150 MW as part of the fourth phase of its 600 MW solar project at the 2,375 MW Renewable Energy Park at Khavda, Gujarat.

The total capacity commissioned so far has reached 465 MW.

The full 600 MW capacity is expected to be commissioned by the end of this year.

GIPCL has a solar generating capacity of 652 MW at multiple locations in Gujarat.

The company had commissioned a capacity of 105 MW each in the third, second, and fourth phases of the project.

Gujarat Urja Vikas Nigam had invited bids for the 600 MW solar power project in September 2022. The tender had a greenshoe option for an additional 600 MW.

While NHPC, SJVN Green Energy, and NTPC Renewable Energy emerged as winners in this auction, GIPCL had won the 600 MW capacity under the greenshoe option, quoting ₹2.73 (~$0.031)/kWh, matching the lowest tariff discovered in the original auction.

Following this, GIPCL issued a tender for the engineering, procurement, and construction of the project in May 2023. Sterling and Wilson received the letter of intent from GIPCL for the project in August 2023.

GIPCL is developing the 2,375 MW Khavda Renewable Energy Park. The park comprises solar projects of 1,100 MW, which are under construction. It has a 25-year power purchase agreement with GUVNL for these projects.

Prior to the latest commissioning, GIPCL had 547 MW of solar generating capacity spread across various locations in Gujarat and 112.4 MW of wind generating capacity spread across five projects in the state’s Saurashtra and Kutch regions. It has also set up several rooftop solar projects at its thermal plants to reduce auxiliary power consumption.

Last August, GIPCL invited bids for the supply of modules for a 500 MW solar project at the Great Rann of Kutch.

In January this year, Coal India invited proposals from financial institutions for a loan of ₹12.17 billion (~$147.05 million) to set up a 300 MW ground-mounted solar power project at GIPCL solar park in Khavda.