Petition for procurement and adoption of tariff from Grid connected 250 MW Wind (Phase IX) – EQ
Summary:
—
# ⚖️ Case Details
* **Forum:** GERC, Gandhinagar.
* **Petition No.:** 2528 of 2025.
* **Filed under:** Section 63 + Section 86(1)(b), Electricity Act, 2003.
* **Petitioner:** Gujarat Urja Vikas Nigam Ltd. (GUVNL).
* Representative: Mr. Rushabh Soni.
* **Respondents:**
1. KPI Green Energy Ltd. – Mr. Karmit Sheth.
2. Juniper Green Energy Ltd. – Mr. Jay Pandya.
3. JGRJ Four Renewable Pvt. Ltd. – Ld. Adv. Nachiket D. Mehta.
4. INOX Neo Energies Pvt. Ltd. – Mr. Raj Gadhavi.
* **Coram:** Mehul M. Gandhi & S. R. Pandey (Members).
* **Date:** 28.08.2025.
—
# 📑 Subject Matter
* Petition for **procurement & adoption of tariff** discovered under **Competitive Bidding (RfS No. GUVNL/250 MW/Wind/Phase IX, dated 18.01.2025 + addendums)**.
* Tariff to be adopted for supply of power from **grid-connected wind projects**.
—
# 📑 Key Proceedings & Submissions
### GUVNL’s Submissions
* **Tender process:**
* RfS published 18.01.2025; notice advertised 19.01.2025.
* Bid deadline extended from 11.02.2025 to 04.04.2025 for wider participation.
* Pre-bid meeting held 31.01.2025.
* 6 bidders offered **400 MW**; all technically qualified.
* Financial bids opened 22.04.2025.
* **H1 bidder eliminated** → 5 bidders with **350 MW** went to e-reverse auction.
* **Tariff discovery:**
* E-reverse auction (22.04.2025) yielded tariffs **₹3.64–3.66/unit**.
* **Greenshoe option** at L1 tariff (₹3.64/unit) offered and accepted by successful bidders.
* After Greenshoe, bidders’ net worth remained compliant (>₹1.27 crore/MW).
* **Successful Bidders & CUFs:**
* KPI Green – 36%
* Juniper Green – 32%
* JGRJ Four – 37.4%
* INOX Neo – 31%
* (Other bidders Powerica 36%, Welspun 34%).
* Commission queried: CUF guarantees, net worth checks, and comparison with SECI/GUVNL bids. GUVNL sought 1 week to submit details.
—
# 📅 Commission’s Observations
* GUVNL has a pattern of **incomplete submissions**, forcing Commission to repeatedly seek missing details (also noted in Order 2457/2025, 04.04.2025).
* Again directed GUVNL to submit **all relevant bidding documents**: from public notice → completion of bidding → petition filing.
* GUVNL agreed to file additional submissions (CUF impact, net worth verification, recent tariff comparisons) within 1 week.
—
# 🔑 Implications
* **Tariff discovered:** ₹3.64/unit (uniform across bidders after Greenshoe).
* **Regulatory stance:** GERC is dissatisfied with GUVNL’s incomplete filings, may delay tariff adoption until full compliance.
* **Next steps:** GUVNL must submit missing details within a week; hearing date to be notified separately.
—
For more information please see below link:
