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.

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