+
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
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code