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
Real Estate

Jharkhand to Allot 181 Flats via Online Lottery in February

The Jharkhand State Housing Board (JSHB) will allot 181 houses and flats through an online lottery system starting February. The process will be held for the first time entirely online, and interested applicants can apply from February 10 to March 10 via the JSHB's official website. Properties will be available under different categories, with the allotment based on a 90-year lease. Categories include Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and Higher Income Group (HIG), with varying sizes of houses and prices. For EWS, houses will have a super b..

Next Story
Infrastructure Urban

UP Cabinet Okays Municipal Bonds for Infrastructure

In a significant move aimed at bolstering infrastructure development in Uttar Pradesh, the state Cabinet approved the issuance of municipal bonds for the cities of Prayagraj, Varanasi, and Agra. The decision was made during a cabinet meeting chaired by Chief Minister Yogi Adityanath, which took place in the Maha Kumbh Mela area in Prayagraj. The new initiative will see the issuance of municipal bonds, enabling these cities to raise funds from the market for infrastructure projects. For every billion raised through these bonds, the state government will provide an additional Rs 130 million as ..

Next Story
Infrastructure Urban

Haryana Proposes New Policy on Tree Felling

The Haryana government has proposed a new policy on tree felling across non-forest land, which would remove the requirement for approval in urban areas on plots allocated by government bodies for residential, industrial, or infrastructure development. Currently, the forest department’s consent is mandatory for tree felling. The proposed policy seeks to replace all previous directives on tree felling outside forest areas, including those areas notified under Section 3 of the Punjab Land Preservation Act (PLPA), 1900. A committee is set to be formed to finalize the policy and revise compensat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000