Home > Resources > News > Resources

Resource detail

Title: Gujarat tribunal notices to solar energy developers
Source:Business Standard
Date:14 November 2013

The Aptel (Appellate Tribunal for Electricity) has issued notices to 80 Gujarat-based solar project developers on an appeal filed by GUVNL (Gujarat Urja Vikas Nigam), the state government-run utility. GUVNL is seeking a cut in the rate of power it will buy from the solar players on the grounds that the actual cost incurred by developers of these projects was 40 per cent less than initially assumed. The utility is seeking a proportionate cut in the rate to Rs 9 a unit from the Rs 12.54 agreed under the PPAs (power purchase agreements). GUVNL has signed PPAs with 80 players, including the solar arms of Tata, GMR Essar and Welspun. The dispute has put solar energy projects in Gujarat of Rs 14,000 crore under a cloud. The tribunal admitted the appeal, with a rider on its maintainability.




Read more