Jubilant Infrastructure Limited (JIL) filed a petition before the Gujarat Electricity Regulatory Commission (GERC) seeking approval for a long-term hybrid renewable energy procurement arrangement. The petition outlined JIL’s plans to secure 9 MW of renewable energy power under a Power Purchase Agreement (PPA) with O2 Renewables III Private Limited at a tariff of ₹4.13 per kWh, discovered through competitive bidding. JIL also sought approval for deviations in the procurement guidelines and authorization to proceed with the agreement.
JIL operates as a Special Economic Zone (SEZ) developer, designated under the SEZ Act of 2005, and holds a distribution license for electricity within its area. Although JIL had delayed operations as a licensee due to insufficient demand, the company now intends to fully commence its activities given increased load requirements. It has invested in infrastructure like a 66 kV substation to ensure reliable power supply within the SEZ.
In line with Ministry of Power guidelines, JIL initiated a transparent competitive bidding process for renewable power procurement. After publishing requests for proposals and receiving queries, the evaluation process concluded with only one bid from O2 Renewables. The proposed tariff aligns with sustainable and economic goals, ensuring an uninterrupted and competitive energy supply.
GERC reviewed the petition, noting that the tariff was slightly higher than other hybrid projects in the state but justified by the enhanced capacity utilization factor (CUF) of 70%. This factor is expected to reduce costs and stabilize supply. The commission approved the proposed tariff and the PPA, enabling JIL to provide energy efficiently while supporting state objectives of sustainability and industrial development.
This decision marks a significant step in JIL’s plans to develop a robust and eco-friendly energy framework within its SEZ, offering reliable power to attract investment and foster growth.