GERC approves Rs 2.64 per kWh tariff for solar power projects at Raghanesda Solar Park

The Gujarat Electricity Regulatory Commission (GERC) has approved a tariff of Rs 2.64 per kWh to procure power from a 100 MW solar project being developed by SJVN Limited at the Raghanesda Solar Park in Gujarat.

GERC directed the Gujarat Urja Vikas Nigam Limited (GUVNL) to sign the power purchase agreement (PPA) with the successful bidder. GUVNL had filed a petition to adopt a tariff of Rs 2.64 per kWh discovered through a competitive bidding process. GUVNL had issued the tender to auction 100 MW of which SJVN was declared the winner. The discom had stated that the tariff of Rs 2.64 per kWh included the impact of the basic customs duty (BCD). GUVNL had also said that the unique geographical conditions in the Raghanesda Solar Park and socio-economic parameters associated with its development needed to be considered

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