On May 18, 2026, the Gujarat Electricity Regulatory Commission (GERC) issued formal approval for a petition filed by Gujarat Urja Vikas Nigam Limited (GUVNL) to adopt tariffs for 500 MW of wind power capacity. This regulatory action serves as the final approval for the procurement, confirming the results of the competitive bidding process managed by the state utility.
Key Tariff and Award Details
The commission has approved the adoption of tariffs ranging from ₹3.43/kWh to ₹3.435/kWh. The procurement comprises the following specifics regarding capacity and successful participants:
- Total Capacity: 500 MW, consisting of 250 MW base capacity and an additional 250 MW exercised under the greenshoe option.
- Identified Winning Bidders:
- Alfanar Projects
- Juniper Green Energy
- RIH Renewables (EDF Renewables)
Contractual and Technical Parameters
The project development and subsequent power supply are governed by specific legal and technical requirements:
- PPA Duration: Power Purchase Agreements (PPAs) are established for a period of 25 years with GUVNL.
- Project Location: The projects are grid-connected and can be located anywhere in India.
- Phase Designation: This procurement process is designated as Phase VI.
Background and Competitive Bidding Context
The tariffs adopted by the GERC were determined through a competitive bidding auction conducted by GUVNL. Following the conclusion of this auction, GUVNL submitted a petition for the formal adoption of the discovered tariffs. The regulator’s role in this process was to provide the legal conclusion to the auction by ensuring the discovered rates were formally validated and adopted. This process ensures that the tariffs determined during GUVNL’s competitive procurement align with the regulatory framework prior to the execution of contractual obligations.
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