CERC Approves Tariff for SECI’s 1.2 GW Solar Projects

12 Mar 2025 CW Team

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)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Equipment

07 Jul 2026

Plant & Equipment Secures Funding to Expand Auction Business

Plant & Equipment (P&E), a global heavy equipment marketplace, has secured asset-backed financing to accelerate the growth of P&E Auctions, its auction business serving buyers and sellers across the Middle East, Africa and other international markets.The investment will be used to acquire physically inspected construction equipment, lifting machinery and commercial vehicles, enabling the company to provide minimum guarantees on assets sold through its auction platform.Launched in December 2023, P&E Auctions has expanded rapidly following the success of the company's online mark..

Equipment

07 Jul 2026

Michelin Opens Two New Retail Service Centres in North India

Michelin India has expanded its retail network in North India with the launch of two new Michelin Tyres & Services (MTS) stores in Amritsar and Panchkula. Opened in partnership with National Auto and Universal Tyres, respectively, the new outlets aim to strengthen the company's presence in one of India's fastest-growing automotive markets.Located on Loharka Road in Amritsar and in the Industrial Area of Panchkula, each 5,000-sq-ft facility offers Michelin's range of passenger car and two-wheeler tyres, including the Primacy, Pilot Sport, Latitude Sport and LTX Trail series. The centres als..

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..