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.