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200 MW Low-Tariff Solar Project in Gujarat

Sector: Solar • Location: Gujarat, India

Source: SolarQuarter

Project
Awarded

NTPC Renewable Energy Ltd. has a 200 MW solar project in Gujarat awarded at a record-low tariff of ₹1.99 per unit. The project faces commercial viability issues due to an increase in GST from 5% to 12% on renewable energy devices and parts, raising composite GST on EPC contracts from 8.9% to 13.8%, leading to additional costs of around ₹20 lakh per MW. NTPC has filed a review petition with the Guj

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The project “200 MW Low-Tariff Solar Project in Gujarat” is an infrastructure initiative in the Solar sector, located in Gujarat, India. Taiyo aggregates data on it from SolarQuarter.

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Description

Description

NTPC Renewable Energy Ltd. has a 200 MW solar project in Gujarat awarded at a record-low tariff of ₹1.99 per unit. The project faces commercial viability issues due to an increase in GST from 5% to 12% on renewable energy devices and parts, raising composite GST on EPC contracts from 8.9% to 13.8%, leading to additional costs of around ₹20 lakh per MW. NTPC has filed a review petition with the Gujarat Electricity Regulatory Commission (GERC) seeking alignment of the Power Purchase Agreement (PPA) with the Ministry of Power's 2017 Bidding Guidelines and relief for GST changes during construction.

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High

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