Powertrac achieves financial closure for first 100 MW under Gujarat DREBP scheme
Powertrac Group has achieved financial closure for the first 100 MW phase of its distributed solar portfolio being developed under Gujarat’s Distributed Renewable Energy Bilateral Purchase (DREBP) Scheme, marking progress on its 480 MW pipeline for which Power Purchase Agreements (PPAs) have already been signed with Paschim Gujarat Vij Company Ltd (PGVCL).
The 100 MW project forms part of the company’s 480 MW of Distributed Renewable Energy Projects, which will supply power to Gujarat DISCOM at a tariff of Rs 2.76/kWh using Approved List of Models and Manufacturers (ALMM)-listed Domestic Content Requirement (DCR) Solar PV Modules.
Powertrac had signed the PPAs with PGVCL in June 2026 for the development of 480 MW of ground-mounted solar projects under the DREBP Scheme. The company had stated that the projects would require an estimated investment of Rs 2,155 crore.
The projects will be developed using domestically manufactured DCR-compliant photovoltaic (PV) modules, with power evacuation planned through the 11 kV feeder-level substation network under PGVCL’s distributed renewable energy framework.
With financial closure now achieved for the first 100 MW phase, the company has crossed another development milestone for the Gujarat portfolio.
In July 2026, Powertrac Group secured a 50 MW Distributed Renewable Energy Project from Purshotam Profiles Pvt. Ltd. as an independent power producer (IPP) developer under the DREBP Scheme with PGVCL in Gujarat.
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