Central Commission Approves Tariff for SECI’s 900 MW Solar Projects
POWER & RENEWABLE ENERGY

Central Commission Approves Tariff for SECI’s 900 MW Solar Projects

The Central Electricity Regulatory Commission (CERC) has approved the Solar Energy Corporation of India’s (SECI) petition to adopt a tariff of Rs 2.6 (~$0.03)/kWh for 900 MW interstate transmission system (ISTS)-connected solar power projects (Tranche- XI). The petitioner, SECI, had invited bids to select developers for 2,000 MW ISTS-connected solar projects. Ten bids were shortlisted for the e-reverse auction. After the auction, six bidders offering a capacity of 2,000 MW were selected and issued a letter of award. CERC had adopted 600 MW and 500 MW tariffs last year in two different orders. The Commission had allowed SECI to approach it for adopting a tariff for the balance capacity of 900 MW. The petitioner approached the Commission seeking tariff adoption for individual power projects with a balance capacity of 900 MW after tying up only 300 MW capacity under the power purchase agreements (PPA). CERC observed that SECI selected the successful bidders and discovered the project tariff through a transparent and competitive bidding process, following established guidelines. In the past, the Commission ruled on tariff adoption only to the extent of the awarded capacity tied up under the PPAs and PSAs. In the current case, the Commission noted the recent emphasis on expeditious tariff adoption. It adopted the Rs 2.6 (~$0.03)/kWh tariff for the balance 600 MW capacity without waiting for the tie-up of the complete capacity. It also directed limiting the trading margin to Rs 0.02 (~$0.00023)/kWh if SECI does not provide an escrow arrangement or irrevocable, unconditional, and revolving letter of credit to the solar generators.

The Central Electricity Regulatory Commission (CERC) has approved the Solar Energy Corporation of India’s (SECI) petition to adopt a tariff of Rs 2.6 (~$0.03)/kWh for 900 MW interstate transmission system (ISTS)-connected solar power projects (Tranche- XI). The petitioner, SECI, had invited bids to select developers for 2,000 MW ISTS-connected solar projects. Ten bids were shortlisted for the e-reverse auction. After the auction, six bidders offering a capacity of 2,000 MW were selected and issued a letter of award. CERC had adopted 600 MW and 500 MW tariffs last year in two different orders. The Commission had allowed SECI to approach it for adopting a tariff for the balance capacity of 900 MW. The petitioner approached the Commission seeking tariff adoption for individual power projects with a balance capacity of 900 MW after tying up only 300 MW capacity under the power purchase agreements (PPA). CERC observed that SECI selected the successful bidders and discovered the project tariff through a transparent and competitive bidding process, following established guidelines. In the past, the Commission ruled on tariff adoption only to the extent of the awarded capacity tied up under the PPAs and PSAs. In the current case, the Commission noted the recent emphasis on expeditious tariff adoption. It adopted the Rs 2.6 (~$0.03)/kWh tariff for the balance 600 MW capacity without waiting for the tie-up of the complete capacity. It also directed limiting the trading margin to Rs 0.02 (~$0.00023)/kWh if SECI does not provide an escrow arrangement or irrevocable, unconditional, and revolving letter of credit to the solar generators.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code