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.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?