Petition of the Electricity Act for purchase of power through Competitive Bidding Process from 250 MW Grid connected Solar Photovoltaic Power Projects – EQ
Summary:
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## **Case Summary – Gujarat Urja Vikas Nigam Ltd. (GUVNL) vs. Welspun Renewable Energy Ltd. & Ors.**
**Forum:** Gujarat Electricity Regulatory Commission (GERC), Gandhinagar
**Petition No.:** 2484 of 2025
**Order Date:** 29 July 2025
**Coram:**
* Mehul M. Gandhi, Member
* S.R. Pandey, Member
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### **1. Case Background**
* **Petitioner:** Gujarat Urja Vikas Nigam Limited (GUVNL)
* Counsel: Mr. M.K. Jani, Mr. K.N. Brahmbhatt
* **Respondents:**
1. Welspun Renewable Energy Ltd. – *no appearance*
2. Avaada Energy Pvt. Ltd. – represented by Mr. Vijay Balasubramaniam
3. SAEL Industries Ltd. – represented by Ld. Adv. Mr. Sarvaswa Chhajer
* **Nature of Petition:** Filed under **Section 63 read with Section 86(1)(b)** of the Electricity Act, 2003 seeking **adoption of tariff discovered under competitive bidding** (RfS No. GUVNL/250 MW/Solar (Phase XXVI), dated 18.01.2025).
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### **2. Tender / Bidding Process Background**
* **Capacity:** 250 MW Grid-connected Solar PV Projects (with **greenshoe option** of additional 250 MW).
* **Process:** Tariff discovered through **competitive bidding followed by e-Reverse Auction**.
* **Project Status:** Projects may be new, under-construction, or already commissioned, located anywhere in India.
* **Net Worth Requirement (RfS 18.01.2025):** ₹0.928 crore/MW.
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### **3. Petitioner’s Submissions**
* Submitted **Bid Evaluation Report** confirming successful bidders met net worth requirement:
* **Welspun Renewable Energy Ltd.:** ₹1,191.74 crore
* **Avaada Energy Pvt. Ltd.:** ₹7,065.71 crore
* **SAEL Industries Ltd.:** ₹2,390.17 crore
* **CUF (Capacity Utilisation Factor) quoted by bidders:**
* Welspun: 28.9%
* Avaada: 22%
* SAEL: 29%
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### **4. Respondents’ Submissions**
* **Avaada Energy & SAEL Industries:** No objection to adoption of discovered tariff.
* **Welspun:** Absent at hearing (24.07.2025), no communication received.
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### **5. Commission’s Observations & Directions**
* All arguments completed; matter is procedurally ready.
* All parties permitted to file **written submissions within 1 week** from order date.
* **Matter reserved for final order.**
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### **6. Outcome**
* **Type of Order:** Procedural (post-hearing).
* **Effect:** Competitive bidding process validated, objections closed, written submissions allowed.
* Tariff adoption to be confirmed in **final order (pending)**.
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