Gujarat aims to bridge power shortage
Power utility Gujarat Urja Vikas Nigam Limited (GUVNL) is aiming to attract power suppliers for 2,400-3,600 mw of power by inking long-term power purchase agreements. GUVNL’s move will attract Rs 15,000- 20,000 crore of more investments in power sector. Gujarat has a deficit of close to 2,000 mw during peak hours.
According to GUVNL sources, bidders can generate power through any technology, using any fuel source. The bidder will have to start power supply to the state grid within 48 months of inking the agreement for 25 years in case of supply of power from thermal plant and 35 years in case of supply from hydro-electric generation source.
The new bid comes after GUVNL failed to ink agreement for 2,000 mw in 2008-09. It may be recalled that GUVNL was the first state electricity body to invite and ink bids under the new tariff policy announced by the Central Electricity Regulatory Commission.