SJVN Green, SAEL, Coal India Win GUVNL’s 600 MW Solar Auction

GUVNL had floated the tender in July 2023


SJVN Green Energy, SAEL Industries, and Coal India were declared the winners of Gujarat Urja Vikas Nigam’s (GUVNL) auction to supply power from 600 MW of grid-connected solar power projects (Phase XXI) to be set up at the Gujarat Industries Power Company’s solar park in Khavda, Gujarat, with a greenshoe option of an additional 600 MW.

SJVN Green, which quoted ₹2.54 (~$0.0306)/ KWh, was awarded 100 MW. SAEL won 200 MW at ₹2.55 (~$0.0307) /kWh.

Coal India quoted ₹2.55 (~$0.0307) /kWh for 600 MW but was awarded 300 MW.

GUVNL 600 MW Phase XXI Auction Result

GUVNL had floated the tender in July.

The selected developers should connect the power project to 220 kV/400 kV/765 kV substation through a 33/400 kV internal pooling substation of the solar park to be developed by the developer by laying 33 kV cable up to low voltage bus bar of the pooling substation.

The successful bidders must sign the power purchase agreement (PPAs) with GUVNL within 60 days of receiving the letter of intent.

The projects’ declared annual capacity utilization factor (CUF) should not be less than 17%. The successful bidders must maintain generation so as to achieve annual CUF within + 10% and -15% of the declared value until the end of ten years from the commercial operation date. This is subject to the annual CUF remaining a minimum of 15% and within +10% and – 20% of the declared value of the annual CUF thereafter until the end of the PPA duration of 25 years.

The solar modules to be used for the projects must be warranted for peak output wattage, which should not be less than 90% at the end of ten years and 80% at the end of 25 years from the project’s commercial operation date.

Only commercially established and operational technologies can be used to minimize the technology risk and to achieve the timely commissioning of the projects.

GUVNL has mandated the use of solar modules listed on the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.

Recently, KPI Green Energy and Juniper Green Energy were declared the winners of GUVNL’s auction to procure power from 500 MW grid-connected wind-solar hybrid renewable energy projects with the possibility of expanding the capacity by an additional 500 MW through the greenshoe option.

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