Aggressive bidding secures price of Rs2.55 for U.S. company in a procurement exercise whose results are unlikely to see GUVNL throw its toys out of the pram.
Gujarat Electricity Regulatory Commission (GERC) has allowed Gujarat Urja Vikas Nigam Ltd (GUVNL) to procure 2.7 MW solar power generated by salt pan workers of Self-Employed Women Association (SEWA) during off-season.
The facility is expected to have solar generation capacity of 360 MW and wind capacity of 100 MW, said the company in a financial update.
Solar-wind and wind-only projects will be set up in centralized renewable energy parks along the lines of successful solar installations to keep power evacuation simple, under the terms of the state’s new land policy.
Prices ranging from Rs2.84-2.89 have been deemed too costly by the state as the foreign developers who posted the lowest bids blamed high charges at the Raghanesda Solar Park where the projects had to be based.
Head of industrial conglomerate makes pledge at Vibrant Gujarat Summit as part of his company’s ambition to install 10 GW of renewables capacity by 2022.
At the ongoing Vibrant Gujarat Global Summit, Tata Group and Adani have announced plans to invest in lithium ion battery manufacturing in Gujarat. Chromeni Steels, a joint venture company of China’s Tsingshan Industries, will invest US$ 3 billion to manufacture stainless steel and electric vehicle (EV) batteries.
At the Vibrant Gujarat Global Summit, HyET Solar will sign a memorandum of understanding with the state to set up a solar module manufacturing facility.
Government-owned Bharat Heavy Electricals Limited has won an EPC order for setting up the solar PV power plants across four locations.
The state, which plans to add 3 GW of renewable capacity annually, will host the ninth edition of the Vibrant Gujarat Global Summit, which opens in 11 days’ time.
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