Gujarat Urja Vikas Nigam Ltd. (GUVNL), a wholly-owned subsidiary of the Gujarat Electricity Board and holding company of all the power utilities in Gujarat (India), has launched a tender for 700 MW of solar power projects to be set up in Dholera on a build-own-operate (BOO) basis, within the framework of a 25-year power purchase agreement (PPA). The ceiling price has been set at INR2.92/KWh (US$3.84c/kWh). The submission of interest period will end on 18 April 2020 and the financial bid and reverse e-auction will open on 27 April 2020. The project was initially tendered in January 2020 but remained unallocated.
According to the government of India, installed renewable power capacity in India crossed the 84 GW threshold in December 2019 (84.4 GW), with wind power capacity reaching 37,280 MW, solar capacity 32,530 MW, biomass capacity 9,940 MW and small hydropower capacity 4,650 MW. India has set a target of 175 GW of renewable power capacity by 2022, including 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydropower.
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