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Gujarat Urja Vikas Nigam Ltd (GUVNL)

company 1 Deal 1 Partner

Gujarat Urja Vikas Nigam Ltd (GUVNL) is a state-owned utility holding company responsible for the integrated power sector in Gujarat, India. It oversees power generation, transmission, and distribution through its various subsidiaries, focusing on ensuring reliable and affordable electricity supply, with a growing emphasis on renewable energy procurement.

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Founded 1999 Parent: Government of Gujarat
State-owned Power Utility Holding CompanyOfftakerDeveloperOperatorGovernment

Strategic Overview

  • GUVNL plays a crucial role in Gujarat's renewable energy transition by regularly issuing large-scale tenders for solar and wind power.
  • As a state-owned entity, GUVNL's strategy aligns with the energy policies and development goals of the Government of Gujarat and the Indian central government.
  • The company's focus is on ensuring energy security, reliability, and affordability for consumers in Gujarat, balancing conventional and renewable sources.

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Deal Activity from Public Sources

SJVN Limited wins 500 MW solar project from GUVNL under Phase-XXI tender.
Ppa Solar PV India May 2024 500 MW with SJVN Limited
Avaada Energy wins 200 MW solar project from GUVNL under Phase-XXI tender.
Ppa Solar PV India April 2024 200 MW with Avaada Energy
ReNew Power wins 300 MW wind-solar hybrid project from GUVNL under Phase-XIX tender.
Ppa Onshore Wind, Solar PV India March 2024 300 MW with ReNew Power

Investment Focus

Technologies
Storage1
Geography
India1

Key People

Smt. Shahmeena Husain, IAS
Managing Director

Track Record

25
Years Active

Detailed Analysis

Sectors
UtilitiesEnergy Transition
Technologies
Solar PV (2 deals)Onshore Wind (1 deal)HydropowerThermal PowerTransmissionDistribution
Geographies
India (3 deals)
Deal Stage
GreenfieldOperating

Subsidiaries

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

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