SECI Signs PSA with HPPC For 400 MW Solar Power

SECI has signed PSA with HPPC for the supply of 400 MW solar power.

SECI PSA with HPPC

The Solar Energy Corporation of India (SECI) has announced that it has signed a Power Supply Agreement (PSA) with the Haryana Power Purchase Centre (HPPC) for the supply of 400 MW solar power.

In January, HPPC signed another PSA with SECI for procuring 590 MW of wind energy. Earlier that month, SECI signed a PSA with Delhi’s power distribution company, BSES Yamuna (BYPL) for the supply of 100 MW of wind power.

In February, Electricity Department of the Government of Puducherry had signed an agreement with SECI to source 100 MW of Wind Power.

In March, The Delhi Electricity Regulatory Commission (DERC) has approved the Power Sale Agreement (PSA) between the Solar Energy Corporation of India (SECI)  and Tata Power Delhi Distribution Limited (TPDDL) for the sale of 50 MW of wind power.

The order was passed after TPDDL had petitioned the commission to approve the PSA and adopt a tariff of Rs 2.45/kWh plus the trading margin of Rs 0.07/kWh for 50 MW wind power. Tata Power had requested for this tariff until the commissioning of total SECI-interstate transmission system (ISTS) wind power projects, after which the tariff would be Rs 2.52/kWh for the remaining duration of the power purchase agreement (PPA). This procurement of power will be utilised for meeting TPDDL’s renewable purchase obligation.

DERC observed that SECI was designated as the nodal agency responsible for conducting the bidding process and it has duly followed the guidelines issued by the Ministry of New and Renewable Energy (MNRE) to set up grid-connected wind power projects.

The commission also pointed that since the generation and sale of power will take place in more than one state, the jurisdiction to determine the tariff lies with the Central Electricity Regulatory Commission (CERC) under section 79(1) (b) of the Electricity Act, 2003. The commission stated that it could not determine the tariff for procuring solar power from SECI’s implemented the project, and that TPDDL would have to approach CERC instead.

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Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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