GIPCL Raghanesda Solar PV Park is a 100MW solar PV power project. It is planned in Gujarat, India. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 100 | – | 100 | Permitting | Gujarat, India | Gujarat Industries Power |
|---|
Description
The project is being developed and currently owned by Gujarat Industries Power. The company has a stake of 100%.
GIPCL Raghanesda Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $69.8m.
Development Status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
Power Purchase Agreement
The power generated from the project will be sold to Gujarat Urja Vikas Nigam under a power purchase agreement. The power will be sold at the rate of $0.038kWh for a period of 25 years.
Contractors Involved
Tata Power Solar Systems is expected to render EPC services for the solar PV power project.
Tata Power Solar Systems is expected to perform operations and maintenance for the solar PV power project for a period of 10 years.
About Gujarat Industries Power
Gujarat Industries Power Co Ltd (GIPCL) is an energy utility company, that owns and operates various electricity generation plants. It produces power from natural gas, lignite coal and solar sources. Through power purchase agreement, the company supplies power to Gujarat Urja Vikas Nigam Limited (GUVNL), and Gujarat State Fertilizers & Chemicals Ltd (GSFC), Gujarat Alkalies & Chemicals Ltd (GACL. GIPCL sources natural gas from Gas Authority of India Limited (GAIL), and lignite coal from Vastan and Mangrol-Valia lignite mines. It also provides operational and management services to its gas and lignite based power plants; power plant project management consultancy; testing; commissioning; and troubleshooting services. GIPCL is headquartered in Vadodara, Gujarat, India.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
