Gujarat discoms ink pact for 3,979 solar projects
POWER & RENEWABLE ENERGY

Gujarat discoms ink pact for 3,979 solar projects

The Gujarat government told the media on Saturday that four of Gujarat's public-owned electricity distribution companies have signed power purchase agreements (PPAs) for 3,979 small-scale distributed solar projects with an aggregate capacity of 2,500 MW.

They said that these small-scale distributed solar projects that are to be commissioned within the next 18 months would bring in an investment of over Rs 10,000 crore in the state to develop green energy and allied sectors.

Saurabh Patel, state energy minister, told the media that the development is a significant boost towards the State's commitment to promoting renewable energy.

Gujarat notified the Policy for Development of Small-Scale Distributed Solar Projects in 2019, which aims to aid the development of solar projects in the State's distribution network with the size of 0.5 MW to 4 MW.

The government said that this would provide a fillip to the country's mission of achieving 175 GW renewable energy objective by the year 2022 and 450 GW by 2030, as set by the Prime Minister.

Patel said that this would facilitate the rapid development of solar projects in areas with non-fertile land and also encourage the participation of entrepreneurs and small investors.

According to the 2019 policy, the Gujarat Urja Vikas Nigam Ltd (GUVNL) has invited applications from individuals, co-operative societies or artificial juridical person, company or body corporate or association of individuals, to set up such small scale solar projects and supply power to the discoms at an applicable tariff of Rs 2.83 per unit for 25 years.

The release said that UGVCL, DGVCL, MGVCL and PGVCL, which are state-owned discoms, received 12,404 applications for an aggregate capacity of 7,959 MW solar power from small scale project developers within three months in spite of the difficulties faced due to the Covid-19 pandemic.

Gujarat Energy Regulatory Commission (GERC), state's energy regulator, approved the draft PPA and extended the signing date at a tariff of Rs 2.83 per unit up to 31 May 2021, at the request of the developers considering difficulties caused due to the pandemic.

Image Source


Also read: ReNew Power to set up 2 GW solar module unit in Gujarat

Also read: Tariff dispute: Solar players vs Gujarat power

The Gujarat government told the media on Saturday that four of Gujarat's public-owned electricity distribution companies have signed power purchase agreements (PPAs) for 3,979 small-scale distributed solar projects with an aggregate capacity of 2,500 MW. They said that these small-scale distributed solar projects that are to be commissioned within the next 18 months would bring in an investment of over Rs 10,000 crore in the state to develop green energy and allied sectors. Saurabh Patel, state energy minister, told the media that the development is a significant boost towards the State's commitment to promoting renewable energy. Gujarat notified the Policy for Development of Small-Scale Distributed Solar Projects in 2019, which aims to aid the development of solar projects in the State's distribution network with the size of 0.5 MW to 4 MW. The government said that this would provide a fillip to the country's mission of achieving 175 GW renewable energy objective by the year 2022 and 450 GW by 2030, as set by the Prime Minister. Patel said that this would facilitate the rapid development of solar projects in areas with non-fertile land and also encourage the participation of entrepreneurs and small investors. According to the 2019 policy, the Gujarat Urja Vikas Nigam Ltd (GUVNL) has invited applications from individuals, co-operative societies or artificial juridical person, company or body corporate or association of individuals, to set up such small scale solar projects and supply power to the discoms at an applicable tariff of Rs 2.83 per unit for 25 years. The release said that UGVCL, DGVCL, MGVCL and PGVCL, which are state-owned discoms, received 12,404 applications for an aggregate capacity of 7,959 MW solar power from small scale project developers within three months in spite of the difficulties faced due to the Covid-19 pandemic. Gujarat Energy Regulatory Commission (GERC), state's energy regulator, approved the draft PPA and extended the signing date at a tariff of Rs 2.83 per unit up to 31 May 2021, at the request of the developers considering difficulties caused due to the pandemic. Image Source Also read: ReNew Power to set up 2 GW solar module unit in Gujarat Also read: Tariff dispute: Solar players vs Gujarat power

Next Story
Building Material

AkzoNobel India to Buy Dulux IP for Rs 11.52 Billion Amid Sale Talks

AkzoNobel India is set to acquire the intellectual property rights, including the trademark and goodwill of its flagship ‘Dulux’ brand for India, Nepal, Bhutan, and Bangladesh from its parent company Akzo Nobel for Rs 11.52 billion. This move signals the potential sale of the decorative paints business under the Dulux brand. Sources indicate that in the second round of discussions, the parent company has shortlisted three Indian bidders for the business, with JSW Paints (in partnership with TPG) and Pidilite emerging as prominent contenders who have placed non-binding bids. (businessline)..

Next Story
Infrastructure Transport

Ports, Shipping and Logistics to Drive Growth

India’s maritime sector remains a vital pillar of economic development, facilitating trade and global connectivity. Union Minister of Commerce & Industry Shri Piyush Goyal, speaking at the 12th Biennial International Conference on Ports, Shipping & Logistics 2025 in Mumbai, highlighted the need to enhance shipbuilding, flagged vessel operations, and logistics efficiency. The Minister noted that India has immense potential in shipbuilding and urged stakeholders to propose strategies for increasing Indian-flagged vessels. While India allows cabotage within WTO regulations, the country lacks a..

Next Story
Infrastructure Urban

India’s Investment Climate Strengthens Growth and Global Alliances

The Central Government is committed to creating a business-friendly investment climate, ensuring regulatory stability, and enhancing the Ease of Doing Business (EoDB) in India. Union Minister of Commerce & Industry Shri Piyush Goyal reiterated this during his virtual address at the Pune International Business Summit 2025, organised by the Mahratta Chamber of Commerce, Industries, and Agriculture (MCCIA) on January 24, 2025. Shri Goyal highlighted that Prime Minister Shri Narendra Modi’s recent visits to the USA and France have strengthened investment opportunities and global partnership..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?