Grid Connected Solar Plants

5 MW Solar Photovoltaic Power Plant feeding electricity in state grid & situated at Surendranagar district Gujarat

Solar Potential: 5.28 kWh/ m2/ day

Annual Generation: 8.32 million units

Policy Applicable: Gujarat Solar Policy announced in 2009 and applicable for projects executed till 2012-2013.

Financials:

  • Capital Expense: Rs 68.12 crores
  • Annual Revenue: Rs 12.2 crores
  • PPA signed for: 25 years
  • Payback Period : 3 years

Incentives:

  • Preferential tariff: Rs 15/ kWh first twelve years and Rs 5/ kWh for the next thirteen years of plant life
  • Tax benefit in form of 80% accelerated depreciation

PPA signing body: Gujarat Urja Vikas Nigam Limited (GUVNL)

Requirements:

  • Minimum plant capacity as 1 MW
  • Company financial turnover meeting the eligibility criteria:
    • Internal Resource Generation (IRG) - Rs 1.2 Cr/ MW
    • Net Worth - Rs 2 Cr/ MW
    • Annual Turnover - Rs 4.8 Cr/ MW
  • Detailed Project Report
  • Complete application form with necessary company documents like board resolution, balance sheet and others

Procedure:

  • Submission of duly complete application form to GEDA along necessary company detail documents.
  • Project short listing by evaluation committee.
  • PPA signing with GUVNL for selling electricity at preferential tariff.
  • Site selection (Government has developed special Solar park for this purpose)
  • Pre-feasibility and preparation of Detailed Project Report.
  • Financial closure at earliest
  • Installation & commissioning of plant within 12 months from PPA signing

Gensol Consultants is providing the Owner's Engineer services to the client owning the project explained above

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Updates

  • 14 Dec.: Anmol Jaggi speaks on Bankability of Solar Power in India at Intersolar
  • 14-16 Dec.: Join us at Stand No. 6482 at Intersolar at Bombay Exhibition Centre


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