CERC approves tariff for SECI's 600 MW wind projects
POWER & RENEWABLE ENERGY

CERC approves tariff for SECI's 600 MW wind projects

The Central Electricity Regulatory Commission (CERC) announced its approval for the tariff of Rs 2.90)/kWh (100 MW) and Rs 2.95)/kWh (500 MW), with a trading margin of Rs 0.07/kWh, for Solar Energy Corporation of India's (SECI) 600 MW wind power projects (Tranche-XIII).

It was stated that the projects would be linked to the interstate transmission system (ISTS), and developers for the projects had been chosen through a competitive bidding process.

Background information revealed that SECI had submitted a petition seeking to adopt a tariff for the wind projects. Respondents in the case included GRIDCO, SJVN, Teq Green Power XI (O2 Power), SJVN Green Energy, and Scatec India Renewable One (Scatec).

SECI emphasised that the implementation of the wind power projects would assist distribution licensees in fulfilling their Renewable Purchase Obligations requirements, besides providing power at highly economical rates.

Following the conclusion of the e-reverse auction, the successful bidders were announced:

- SJVN secured 100 MW at a tariff of Rs 2.90/kWh. - Scatee India II B.V. secured 300 MW at a tariff of Rs 2.95/kWh. - Teq Green Power XI secured 200 MW at a tariff of Rs 2.95/kWh.

Letters of Award were issued to the selected bidders on January 19, 2023.

In the Commission's analysis, it was noted that as per Clause 5.1(b) of the guidelines, the procurer was required to inform the appropriate Commission about the start of the bidding process. Accordingly, SECI notified the Commission about commencing the competitive bidding process under the tender dated January 12, 2022, through a letter dated January 31, 2022.

Upon the request of distribution licensees, SECI assigned the 600 MW capacity to GRIDCO.

The Central Electricity Regulatory Commission (CERC) announced its approval for the tariff of Rs 2.90)/kWh (100 MW) and Rs 2.95)/kWh (500 MW), with a trading margin of Rs 0.07/kWh, for Solar Energy Corporation of India's (SECI) 600 MW wind power projects (Tranche-XIII). It was stated that the projects would be linked to the interstate transmission system (ISTS), and developers for the projects had been chosen through a competitive bidding process. Background information revealed that SECI had submitted a petition seeking to adopt a tariff for the wind projects. Respondents in the case included GRIDCO, SJVN, Teq Green Power XI (O2 Power), SJVN Green Energy, and Scatec India Renewable One (Scatec). SECI emphasised that the implementation of the wind power projects would assist distribution licensees in fulfilling their Renewable Purchase Obligations requirements, besides providing power at highly economical rates. Following the conclusion of the e-reverse auction, the successful bidders were announced: - SJVN secured 100 MW at a tariff of Rs 2.90/kWh. - Scatee India II B.V. secured 300 MW at a tariff of Rs 2.95/kWh. - Teq Green Power XI secured 200 MW at a tariff of Rs 2.95/kWh. Letters of Award were issued to the selected bidders on January 19, 2023. In the Commission's analysis, it was noted that as per Clause 5.1(b) of the guidelines, the procurer was required to inform the appropriate Commission about the start of the bidding process. Accordingly, SECI notified the Commission about commencing the competitive bidding process under the tender dated January 12, 2022, through a letter dated January 31, 2022. Upon the request of distribution licensees, SECI assigned the 600 MW capacity to GRIDCO.

Next Story
Infrastructure Energy

Thermal plant load factors will approach 70% in FY25; Ind-Ra reports

Ind-Ra expects merchant market prices to remain elevated in FY25, driven by sustained high demand and sluggish thermal capacity expansions. However, it foresees an acceleration in thermal capacity additions over FY25-26, with annual commissioning expected to range between 6-8GW. The new draft tariff norms by the Central Electricity Regulatory Commission for FY25-FY29 aim to maintain stability; ensuring regulated returns for existing power plants.

Additionally, the agency predicts continued renewable capacity additions at a pace of 15-18GW annually over FY25-FY26, supported by lowe..

Next Story
Infrastructure Urban

CERC approves tariffs for SECI's 1,200 MW wind projects, recognising GST changes?

The Central Electricity Regulatory Commission (CERC) has approved tariffs for SECI's 1,200 MW wind power projects. Tariffs of Rs 2.69 (0.0326)/kWh (450 MW, 120 MW) have been sanctioned, along with a trading margin of Rs 0.07 (~$0.00084)/kWh. This approval applies to wind power projects connected to the interstate transmission system (ISTS) under Tranche-XI to operate on a "build-own-operate" basis.

The Commission recognised the increase in GST rates on renewable energy devices as a Change in Law event following a notification from the Ministry of Finance after July 6, 2021. This recog..

Next Story
Infrastructure Energy

CERC Releases Draft Renewable Regulations 2024

The Central Electricity Regulatory Commission (CERC) has introduced the draft Renewable Energy Regulations for the year 2024. The proposed regulations outline the framework and guidelines for the integration, operation, and management of renewable energy sources within the Indian electricity landscape.

The draft regulations aim to address the evolving dynamics of the renewable energy sector, providing a comprehensive framework to ensure the efficient and sustainable integration of renewable resources into the power grid. Key aspects covered include grid connectivity, forecasting, schedu..

Next Story
Infrastructure Energy

Vikram Solar Wins 397.7 MW Module Supply Contract for NTPC's Gujarat Solar Project

Vikram Solar has been awarded a significant contract to supply 397.7 megawatts (MW) of solar modules for an upcoming project by NTPC in Gujarat. This agreement underscores Vikram Solar's pivotal role in supporting India's renewable energy ambitions, particularly in expanding solar power generation capacity.

The project, spearheaded by NTPC, one of India's largest power generation companies, aims to enhance Gujarat's renewable energy infrastructure. It aligns with India's national goals of achieving substantial renewable energy penetration and reducing carbon emissions.

Vikram Sol..

Next Story
Infrastructure Energy

TCC seeks bids from developers for a 22 MW renewable energy project

Travancore Cochin Chemicals (TCC) is seeking bids from developers for a 22 MW renewable energy project to be implemented under a group captive model. The deadline for bid submissions is June 19, 2024.

Interested bidders are required to pay a tender fee of Rs 1,000 and an earnest money deposit (EMD) of Rs 500,000. The successful bidder will need to furnish a security deposit equivalent to 10% of the annual energy bill value to ensure contract performance, with the EMD being adjusted against this deposit.

The contract duration will span 20 years from the delivery date. Power can be..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram