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Alfanar Energy, Juniper Inexperienced Power, and RIH Renewables Safe Wins in GUVNL’s 500 MW Wind Energy Public sale – Part VI


Studying Time: 1 minutes

In Gujarat Urja Vikas Nigam’s (GUVNL) current public sale for the institution of 500 MW grid-connected wind energy tasks throughout India (Part VI), Alfanar Energy, Juniper Inexperienced Power, and RIH Renewables emerged because the winners. The public sale, initiated in July of the previous yr, additionally included a greenshoe possibility for a further 500 MW. The challenge areas are to be decided by the successful bidders.

Alfanar secured 50 MW quoting the bottom tariff at ₹3.42/kWh, adopted by Juniper Inexperienced Power successful 90 MW with a tariff of ₹3.44/kWh. RIH Renewables secured 24 MW out of the 40 MW bid, quoting ₹3.45/kWh. Out of the whole bid capability of 500 MW, solely 164 MW was allotted.

The successful bidders have the discretion to decide on challenge areas inside India and bear the related tasks, prices, and dangers. In line with the Request for Choice (RfS), intra-state wind tasks ought to have a minimal capability of 25 MW, whereas inter-state tasks ought to have a minimal capability of fifty MW.

Bidders have been required to pay a non-refundable bid processing payment of ₹3 lakhs plus 18% Items and Service Tax, together with an earnest cash deposit of ₹1 crore per MW of quoted capability.

Upon profitable bidding, the chosen builders should present a efficiency financial institution assure of ₹2 crores per MW of the allotted capability on the time of signing the 25-year Energy Buy Settlement (PPA). The accountability for designing the interconnection with both the state transmission utility or central transmission utility lies with the wind challenge developer. This interconnection will make the most of a devoted transmission line to ship vitality to the Gujarat Power Transmission Company periphery.

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