Gujarat Urja Vikas Nigam Limited (GUVNL) has withdrawn the subsidy to small-scale distributed solar projects, affecting about 4,000 projects with an aggregate capacity of around 2,500 MW.
The purchase price of power was fixed at Rs 2.83 per unit which was already lower than other states like Rajasthan and Maharashtra, where they set power purchase agreements (PPA) tariff rates at higher than Rs 3.15.