+
CERC Approves Tariff for SECI’s 1.2 GW Solar Projects
POWER & RENEWABLE ENERGY

CERC Approves Tariff for SECI’s 1.2 GW Solar Projects

The Central Electricity Regulatory Commission (CERC) has approved the Solar Energy Corporation of India’s (SECI) petition to adopt a tariff for its 1,200 MW interstate transmission system (ISTS)-connected solar projects, which include 600 MW/1,200 MWh of energy storage systems. The approved tariff ranges from Rs 3.41/kWh to Rs 3.42/kWh.
 
Following a competitive bidding process and an e-reverse auction conducted in July 2024, SECI awarded letters of award to nine shortlisted bidders. By September 2024, SECI had entered a power sale agreement with the Kerala State Electricity Board (KSEBL) for 500 MW. 

CERC confirmed that SECI’s tendering process complied with the Ministry of Power’s competitive bidding guidelines and approved the tariffs for the full 1,200 MW capacity, even though only 500 MW had been tied up by the time of the hearing. SECI also sought approval for a trading margin of Rs 0.07/kWh from distribution companies. 

In a similar move, CERC recently approved SECI’s tariff for its 1,200 MW wind-solar hybrid power projects, with rates ranging from Rs 4.64/kWh to Rs 4.73/kWh. 

(Mercom)     

The Central Electricity Regulatory Commission (CERC) has approved the Solar Energy Corporation of India’s (SECI) petition to adopt a tariff for its 1,200 MW interstate transmission system (ISTS)-connected solar projects, which include 600 MW/1,200 MWh of energy storage systems. The approved tariff ranges from Rs 3.41/kWh to Rs 3.42/kWh. Following a competitive bidding process and an e-reverse auction conducted in July 2024, SECI awarded letters of award to nine shortlisted bidders. By September 2024, SECI had entered a power sale agreement with the Kerala State Electricity Board (KSEBL) for 500 MW. CERC confirmed that SECI’s tendering process complied with the Ministry of Power’s competitive bidding guidelines and approved the tariffs for the full 1,200 MW capacity, even though only 500 MW had been tied up by the time of the hearing. SECI also sought approval for a trading margin of Rs 0.07/kWh from distribution companies. In a similar move, CERC recently approved SECI’s tariff for its 1,200 MW wind-solar hybrid power projects, with rates ranging from Rs 4.64/kWh to Rs 4.73/kWh. (Mercom)     

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code