Gujarat govt purchased solar energy at Rs 9.13-15 per unit from personal gamers | The Chhattisgarh

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April 17, 2021

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Gujarat govt purchased solar energy at Rs 9.13-15 per unit from personal gamers

Regardless of discovering builders are able to promote solar energy as little as Rs 1.99 per unit, the Gujarat authorities purchased over 6,200 million models of solar energy at costs ranging between Rs 9.13 and Rs 15 per unit from personal energy producers over the past 5 years.
The info, tabled by the state authorities within the not too long ago concluded finances session of the state legislature, exhibits that between April 2015 and March 2020, Gujarat purchased solar energy from a complete of 61 personal gamers below the Photo voltaic Energy Coverage, 2009. Of the these personal entities, 38 offered energy to Gujarat at Rs 15 per unit, whereas the remaining 23 gamers offered at Rs 9.13 to Rs 13.59 per unit.
Other than the 6,200 million models of solar energy, the state authorities purchased an extra 573 million models of energy from the identical 61 personal gamers from April to September, 2020, the federal government said in its written reply to an unstarred query posed by Congress MLA from Chotta Udepur, Mohansinh Rathwa.
Gujarat authorities buys energy from totally different entities by way of Gujarat Urja Vikas Nigam Restricted (GUVNL).
Throughout this five-year interval, the utmost solar energy has been purchased from Adani Energy Restricted, which offered 328 million models at Rs 15 per unit. There was a ten.2 per cent rise within the quantum of energy purchased from the Adani Group.
The federal government purchased greater than 200 million models of energy at Rs 15 per unit charge from every of the personal entities together with Tata Energy Renewable Vitality Restricted (210 million models), GMR Gujarat Photo voltaic Ltd (200 million models), Lorox Bio Vitality Ltd (208 million models), Roha Dyechem Pvt Ltd (209 million models), and Alex Astral Energy Pvt Ltd (207 million models).
Solely 14 million models have been purchased from Texas Infrastructure and Undertaking Pvt Ltd, which offered at Rs 9.13 per unit — the most affordable energy among the many 61 gamers.
Consultants within the energy sector in Gujarat declare that although the value of solar energy has dropped significantly, the federal government has continued to pay the 2010 charges to personal companies. As an illustration, in an public sale for 500 MW of photo voltaic initiatives carried out by GUVNL in December 2020, Rs 1.99 per unit was the bottom bid. GUVNL officers mentioned the state authorities is paying Rs 15 per unit as per the Energy Buy Agreements of 2010-11.
“There are judgments of Supreme Courtroom associated to our PPAs that they can’t be reopened. Furthermore, in renewables it’s largely a one-time funding which firms have to get well,” an official of GUVNL mentioned.