CERC has given its go-ahead for the 1200 MW wind projects tendered by SECI and approved the tariff rate of Rs 2.77 per kWh.
The Central Electricity Regulatory Commission (CERC) in its latest notification has given its go-ahead for the 1200 MW wind projects tendered by the Solar Energy Corporation of India (SECI) and approved the tariff rate of Rs 2.77 per kWh for the procurement of the power generated by the wind projects.
In its petition to the Central commission, SECI had stated that it had agreed to sell the generated wind power to the DISCOMS at the rate of Rs 2.84/kWh which includes a trading margin of Rs 0.07/kWh.
SECI had also revealed that after the tendering process and the reverse auctions, it had entered into multiple Power Sale Agreements (PSAs) with Haryana Power Purchase Centre, North Bihar Power Distribution Company Limited, South Bihar Power Distribution Company Limited, secretary (Power), Government of Puducherry; BSES Rajdhani Power Ltd.; and with BSES Yamuna Power Ltd. It had also entered into Power Purchase Agreements (PPAs) with Adani Wind Energy Limited, Sitac Kabini Renewables Private Limited, Ecoren Energy India Private Limited, Torrent Power Limited, and Alfanar Company, for sourcing the power generated by the wind farms.
The central commission after carefully examining all the submissions made by SECI observed that the selection of successful bidders and the adoption of tariff for the Inter-State Transmission System (ISTS) connected wind projects were carried out through a transparent process of competitive bidding.
Further noting that there were no deviations from the guidelines in the Request for Selection (RfS) documents issued by SECI. Based on its findings the commission then approved the adopted tariff of Rs 2.77/kWh for the projects.
As per the guidelines issued by the Ministry of Power, the power procurer (in this case SECI) is required to inform the commission about the initiation of the bidding process, which SECI failed to do. The commission has thus directed the agency to comply with the process for future projects.
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PC: Sembcorp India