CERC while hearing on two petitions filed by TPDDL has approved the tariffs of Rs 2.54/kWh for 100 MW solar & Rs 2.52/kWh for 50 MW wind power from SECI
The Central Electricity Regulatory Commission (CERC) while hearing on two petitions filed by Delhi-based power Discom Tata Power Delhi Distribution Limited (TPDDL) has approved the tariffs of Rs 2.54/kWh for procurement of 100 MW solar power and Rs 2.52/kWh for procurement of 50 MW wind power from the Solar Energy Corporation of India (SECI).
In its petitions, TPDDL had submitted that being a distribution licensee, TPDDL is obligated to purchase the electricity from renewable sources for the fulfilment of Renewable Purchase Obligations (RPOs) as specified in Delhi Electricity Regulatory Commission (DERC) regulations.
Accordingly, pursuant to the competitive bid process conducted by SECI for setting up of grid-connected Solar PV Projects for an aggregate capacity of 2000 MW (250 MW × 8) on Build, Own and Operate basis, TPDDL requisitioned 100 MW solar power after in-principle approval of DERC.
Similarly, pursuant to the competitive bid process conducted by SECI for setting up of grid-connected wind power projects for an aggregate capacity of 2000 MW (Tranche III), TPDDL requisitioned 50 MW wind power after in-principle approval of DERC.
SECI in its submission had stated that it had signed the prospective Power Sale Agreements (PSA) with TPDDL on March 28, 2018, for 50 MW wind power and September 9, 2018, for 100 MW solar power. After arriving at tariffs through e-reverse auctions after following the ministry of power guidelines for procurement of power from renewable energy generators.
In its findings, the commission noted that based on all the submissions, “it emerges that selection of the successful bidders and the tariff of the Projects has been carried out by SECI through a transparent process of competitive bidding in accordance with Guidelines issued by Ministry of Power.” And “Accordingly, in terms of Section 63 of the Act, the Commission adopts the following tariffs for the projects as agreed to by the successful bidders, which shall remain valid throughout the period covered in the PSAs and PPAs.”
Further, the Commission noted that the concerned parties should abide by the trading license regulations when it comes to the trading margin. The Commission stated that the petitioners should be governed by regulation 8 (1) (f) which states: “For transactions under back to back contracts, where escrow arrangement or irrevocable, unconditional and revolving letter of credit is not provided by the trading licensee in favour of the seller, the trading licensee will not charge trading margin exceeding Rs 0.02/kWh.”