Search

Home » Solar » Gujarat Urja Vikas Nigam Ltd (GUVNL) signs PPA for 537MW with 54 solar power generation companies taking total signed to 933.5MW

Gujarat Urja Vikas Nigam Ltd (GUVNL) signs PPA for 537MW with 54 solar power generation companies taking total signed to 933.5MW

Gujarat Electricity Regulatory Commission (GERC)  became the first State Regulatory Commission in the country to issue a tariff order on solar energy. It had issued its first tariff order for procurement of power by distribution licensees from solar energy generators (solar photovoltaic and solar thermal projects).

As panchabuta has earlier reported, Gujarat has allotted 565Mw of solar capacity taking the total allotment to 1281Mw to date. The signing of the PPA’s have now been announced in just a month after the second round of developers had been shortlisted.

Gujarat government has set the ambitious target of installing 1,000 Mw solar power capacity by the end of 2012 and 3,000 Mw in next five years. The state has  laid out the norms of the RPO policy .

Earlier the state government through Gujarat Urja Vikas Nigam Ltd had finalized 17 PPAs for 235MW of generated Solar PV and Solar Thermal for 25 years.

According to reports, Gujarat Urja Vikas Nigam Ltd (GUVNL), a state-run power generation, distribution and transmission company, has recently inked Power Purchase Agreements (PPAs) with as many as 54 solar power generation companies for 537 MW.

The companies which entered into purchase agreements with GUVNL also include Tata Power, Monnet Ispat Solar Energy, GMR Gujarat Solar, Alex Astral, Ganges Entertainment Pvt Ltd and Ujjwala Energy Pvt Ltd. All these companies have signed PPAs for 25 Mw each, while Hira Co India Pvt Ltd and Kiran Energy Pvt Ltd for 20 Mw each. Apart from this, state PSUs such as Gujarat Mineral Development Corporation (GMDC), Gujarat Industries Power Company Ltd (GIPCL) and Gujarat Power Corporation Ltd (GPCL) have signed agreements for 5 Mw each. With this, Gujarat’s solar purchase commitment stands at 933.5 Mw close to their installation target of 1000Mw by 2012.

13 comments

  1. Can GUVNL cancel a PPA with a power producer after a few years of purchasing power? For example, since the PPA is fro 25 years, can this be terminated in 5 years? What is the security for the power producer in this case?

  1. Pingback: India the top target for being the new Germany for Solar « Panchabuta – Cleantech & Renewable Energy in India

  2. Pingback: Solar PV market in India- Driving Solar Forward « Panchabuta – Cleantech & Renewable Energy in India

  3. Pingback: Kiran Energy- Solar Developer raises about $30mn in Private Equity-200MW capacity in three years « Panchabuta – Cleantech & Renewable Energy in India

  4. Pingback: Solar could take off in India in the next year:Jigar Shah:CEO-The Carbon War Room « Panchabuta – Cleantech & Renewable Energy in India

  5. Pingback: India Solar Energy Summit to discuss on Innovative Strategies and Sustainable Development of Solar Energy in India « Panchabuta – Cleantech & Renewable Energy in India

  6. Pingback: India ranked second in Solar index and third in Ernst & Young All Renewables Index « Panchabuta – Cleantech & Renewable Energy in India

  7. Pingback: RenewCon Solar India 2011 to explore the latest developments and advances in the solar PV and CSP in India « Panchabuta – Cleantech & Renewable Energy in India

  8. Pingback: Gujarat Solar Power Policy- Debate over lack of competitive bidding « Panchabuta – Cleantech & Renewable Energy in India

  9. Pingback: Sandland Real Estate to build 25MW solar power plant in Gujarat-consulting provided by Crisil Risk & Infrastructure Solutions « Panchabuta – Cleantech & Renewable Energy in India

  10. Pingback: Ganeshvani Merchandise to build 5MW solar power plant in Gujarat-consulting provided by Crisil Risk & Infrastructure Solutions « Panchabuta – Cleantech & Renewable Energy in India

  11. Pingback: Bollywood actor Ajay Devgan to invest in 25MW Solar PV project in Gujarat « Panchabuta – Cleantech & Renewable Energy in India

  12. Pingback: GMR to commission its 25MW solar power plant in Gujarat this financial year « Panchabuta – Cleantech & Renewable Energy in India

Scroll To Top