Petition for Adoption of tariff discovered under Competitive Bidding Process from 250 MW Grid connected Solar PV Power Projects anywhere in India – EQ

Summary:

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## **Gujarat Electricity Regulatory Commission (GERC) – Daily Order**

### 📌 Case Details

* **Petition No.:** 2484 of 2025
* **Petitioner:** Gujarat Urja Vikas Nigam Limited (GUVNL)
* **Respondents:**

1. Welspun Renewable Energy Ltd. – 50 MW @ ₹2.60/unit
2. Avaada Energy Pvt. Ltd. – 100 MW @ ₹2.60/unit
3. SAEL Industries Ltd. – 100 MW @ ₹2.60/unit
* **Subject:** Petition under **Section 63 r/w Section 86(1)(b) of Electricity Act, 2003** seeking **adoption of tariff discovered under competitive bidding** (RfS No. GUVNL/250 MW/Solar (Phase XXVI), dated 18.01.2025).
* **Capacity:** 250 MW solar projects (with **greenshoe option** for additional 250 MW) – pan-India, grid-connected, without storage.

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### ⚡ Background

* Bidding process initiated by GUVNL (RfS 18.01.2025).
* Bid submission closed 17.02.2025; e-reverse auction on 03.03.2025.
* All three winners accepted **greenshoe option** → total awarded **500 MW at ₹2.60/unit**.

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### 🏛️ Hearing (17.07.2025)

* GUVNL confirmed process details but admitted **supporting documents (Bid Evaluation Committee certificate, net worth verification of bidders)** had not yet been filed.
* Commission asked why full bidding details (from RfS to e-RA to petition filing) are not provided consistently.
* Commission reminded GUVNL of its earlier **Daily Order dated 17.12.2024 in Petition 2403/2024** with similar lapses.

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### ⚖️ Commission’s Directions

1. GUVNL to file complete documents – bidding process record, Bid Evaluation Committee certification, net worth verification – within **1 week**.
2. Directed that **all future tariff adoption petitions** must include the full bidding process trail.
3. Next hearing scheduled for **24.07.2025 at 11:30 hrs**.

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### 📌 Status

* **Matter adjourned.**
* Adoption of tariff for 500 MW (Welspun, Avaada, SAEL @ ₹2.60/unit) **pending** until GUVNL submits required documents.

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