Results for Gujarat Urja Vikas Nigam Limited’s (GUVNL) auction to develop 600 MW of grid-connected solar power projects, phase XXI, have been announced. The projects will be set up at the solar park of Gujarat Industries Power Company Limited in Khavda, Gujarat. The project was tendered with an additional greenshoe option of 600 MW. By quoting Rs 2.54 per kWh, SJVN Green Energy has won 100 MW. While SAEL Industries and Coal India have won 200 MW and 300 MW, respectively, by quoting Rs 2.55 per kWh.
Within 60 days of receiving the letter of intent, the winning developers are required to enter into power purchase agreement (PPA) with GUVNL and the developers are required to maintain at least 17 per cent annual capacity utilisation factor. Until the conclusion of 10 years from the commercial operation date, the winning developers are required to maintain annual supply equivalent to a capacity utilisation factor ranging between +10 per cent and -15 per cent of the declared value. The modules should carry a warranty for output peak watt capacity, ensuring a minimum of 90 per cent at the conclusion of 10 years and 80 per cent at the conclusion of 25 years. Furthermore, GUVNL has mandated the use of indigenously manufactured solar modules listed in the Approved List of Models and Manufacturers.
In January 2024, results were announced for GUVNL’s auction to develop 500 MW of grid-connected wind-solar power projects. The project was tendered with the opportunity to expand the capacity by a further 500 MW under the greenshoe option. By quoting Rs 2.99 per kWh and Rs 3.04 per kWh, KPI Green Energy and Juniper Green Energy have won 50 MW and 150 MW, respectively.
