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To prepare for the evacuation of the state’s expanding renewable energy capacity, Gujarat Energy Transmission Corporation (GETCO) plans to invest 96,000 crore over the next eight years in building transmission infrastructure, Jai Prakash Shivahare, Managing Director, Gujarat Urja Vikas Nigam Ltd, GETCO’s parent company, announced on Saturday. He was giving a speech in Delhi on the occasion of Global Wind Day.
Shivahare said that while the consumption hubs were in regions like Ahmedabad, Morbi, Rajkot, and Vadodara, a large portion of the wind and solar capacities were emerging in sparsely inhabited areas like Kachh and northern Gujarat.
Currently, Gujarat has 26,005 MW of solar power and 11,823 MW of wind power. The state anticipates adding 22,546 MW of wind and 24,694 MW of solar between 2024–2025 and 2030–2031 to bring the overall RE capacity to 73,245 MW. The state also plans to add 1,620 MW of hydropower and 2,458 MW of coal capacity between 2028 and 2029 throughout these seven years. As a result, the state must develop sufficient transmission capacity.
Shivahare assured the crowd at the Global Wind Day event, “If you apply for connectivity, we guarantee that we will give you connectivity.”
He said that since GETCO has been investing 4,000 crore annually in transmission infrastructure, it won’t need to spend any more during the next eight years. He stated that the Gujarat state government is looking into obtaining loans for the projects and that GETCO is a profitable, low-leverage corporation.
₹3.67 for each unit of storage
In the meantime, the state concluded two tenders in June and March for battery-based energy storage, and the levelized prices of storage were ₹4.43 and ₹3.67 per kWhr, respectively. Each tender has a capacity of 250 MW, while the second offers a greenshoe option for a capacity that is equivalent. In the first tender, two companies—Indigrid and Gensol—won the projects; in the second, Gensol won.
GUVNL will give the companies ₹4.48 lakh and ₹3.73 lakh per MW each month. GUVNL will supply the energy input. It is anticipated of the companies to maintain the battery storage system in order to keep the storage loss below fifteen percent. In order to meet demand, the storage businesses must provide power for two hours in the morning and evening.
Gujarat currently uses gas-based power facilities to satisfy its peak demand in the morning and evening, at a cost per kWhr of ₹8.5 and ₹9, respectively. According to Shivahare, solar and wind power that is stored in batteries is far less expensive. Furthermore, “it gives us tremendous flexibility in operation” because a battery can be turned on and off.
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