The Haryana Electricity Regulatory Commission (HERC) has permitted Haryana Power Purchase Center (HPPC) to procure 150 MW of renewable energy with a guaranteed peak electricity power supply from the Solar Energy Corporation of India (SECI).

It said that in the absence of the draft power purchase agreement (PPA) between the parties, for any non-supply or curtailment of power during the agreed-upon peak hours, the penalty payable to the Haryana Power Purchase Center should be 100% of the tariff agreed upon by the parties.

The Commission added that the liquidated damages clause for non-supply, curtailed supply during peak hours, or non-commissioning of the project within the stipulated 18 months, will also be enforceable under the power sale agreement (PSA).

HPPC had filed a petition seeking approval for the procurement of 150 MW of renewable power from SECI for 25 years at a levelized tariff of Rs 3.96/kWh with an off-peak tariff of Rs 2.88/kWh and a peak tariff of Rs 6.85/kWh, plus a trading margin of Rs 0.07/kWh.

HPPC pointed out that the tariff offered by SECI was lower than the variable cost of the power sourced from thermal stations and lower than the short-term power procured from other sources.

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