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Gujarat Urja Vikas Nigam Limited

company

Gujarat Urja Vikas Nigam Limited (GUVNL) is a state-owned electricity utility holding company in Gujarat, India, responsible for the integrated management of power generation, transmission, and distribution. It plays a crucial role in power procurement, planning, and facilitating the development of the energy sector, with a significant focus on renewable energy integration and grid modernization.

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Founded 2003 Parent: Government of Gujarat
UtilityOperatorOfftakerDeveloperGovernment

Strategic Overview

  • Strong focus on increasing renewable energy share in Gujarat's energy mix through competitive bidding and long-term PPAs.
  • Actively promoting battery energy storage systems to support grid stability and facilitate higher renewable energy integration.
  • Plays a pivotal role in the energy transition of Gujarat, positioning the state as a leader in India for renewable energy capacity and infrastructure development.

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Key People

Pankaj Joshi
Chairman
Shahmeena Husain
Managing Director

Track Record

21
Years Active
Notable projects: Facilitation of numerous large-scale solar and wind projects in Gujarat through PPAs and tenders

Detailed Analysis

Sectors
UtilitiesEnergy Transition
Technologies
Solar PVOnshore WindThermal PowerTransmissionBattery Storage
Geographies
India
Deal Stage
GreenfieldBrownfieldOperating
Deal Structure
Power Purchase Agreements (PPAs)TendersProject Financing

Subsidiaries

Gujarat State Electricity Corporation Limited (GSECL)Gujarat Energy Transmission Corporation Limited (GETCO)Uttar Gujarat Vij Company Limited (UGVCL)Dakshin Gujarat Vij Company Limited (DGVCL)Madhya Gujarat Vij Company Limited (MGVCL)Paschim Gujarat Vij Company Limited (PGVCL)Gujarat Power Corporation Limited (GPCL)

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