On an appeal filed by Gujarat Urja Vikas Nigam (GUVNL), the Appellate Tribunal for Electricity (Aptel) has issued notices to 80 Gujarat-based solar project developers. 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 power purchase agreements (PPAs). GUVNL has signed PPAs with 80 players, including the solar arms of Tata, GMR Essar and Welspun.
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