+
CERC Clears Tariffs for NTPC's 1,500 MW Wind-Solar Hybrid Projects
POWER & RENEWABLE ENERGY

CERC Clears Tariffs for NTPC's 1,500 MW Wind-Solar Hybrid Projects

The Central Electricity Regulatory Commission (CERC) has approved tariffs ranging from Rs 3.27/kWh to Rs 3.32/kWh for NTPC to procure 1,500 MW of power from interstate transmission (ISTS)-connected wind-solar hybrid power projects. Additionally, the trading margin has been approved as per the provisions of the power sale agreements (PSAs).

NTPC had issued a tender for the development of 1,500 MW ISTS-connected wind-solar hybrid power projects. The tender received bids totalling 3,150 MW from seven bidders, out of which six met the techno-commercial criteria. Following an e-reverse auction, four bidders were selected. ABC Cleantech secured 750 MW at a tariff of Rs 3.27)/kWh, Juniper Green Energy was awarded 300 MW at Rs 3.29)/kWh, Acme Cleantech Solutions obtained 150 MW at Rs 3.22/kWh, and Renew Solar Power was allocated 300 MW at Rs 3.32/kWh.

NTPC issued letters of award to the selected bidders, instructing them to sign power purchase agreements (PPAs) within 90 days. It then petitioned CERC to approve the discovered tariffs and submitted that the PPAs and PSAs were signed for a period of 25 years. A conformity certificate was provided, confirming that the bidding process was conducted transparently through an international competitive bidding mechanism. NTPC also sought approval for a trading margin of Rs 0.07/kWh.

The Commission noted that NTPC approached it 42 days after the e-reverse auction instead of the stipulated 15 days. NTPC attributed the delay to procedural requirements in filing the petition. Despite this, CERC approved the discovered tariffs, acknowledging that the competitive bidding process was followed and that the outcome would be beneficial for procurers and consumers. The Commission also instructed NTPC to report any delays in commissioning the awarded capacity.

Since the awarded capacity is yet to be tied to distribution licensees, the trading margin will be determined as per the PSAs. NTPC is also required to provide an escrow arrangement or an irrevocable, unconditional, and revolving letter of credit to the bidders. Failure to do so would result in the trading margin being reduced to Rs 0.02/kWh.

In line with new hybrid power guidelines, CERC approved tariffs for the awarded capacity not yet tied up in PPAs and PSAs. In a separate instance in February, CERC had approved tariffs between Rs 4.64/kWh and Rs 5.25/kWh for 1,530 MW of renewable energy procured by NTPC through a competitive bidding process.

News source: Mercom India

The Central Electricity Regulatory Commission (CERC) has approved tariffs ranging from Rs 3.27/kWh to Rs 3.32/kWh for NTPC to procure 1,500 MW of power from interstate transmission (ISTS)-connected wind-solar hybrid power projects. Additionally, the trading margin has been approved as per the provisions of the power sale agreements (PSAs). NTPC had issued a tender for the development of 1,500 MW ISTS-connected wind-solar hybrid power projects. The tender received bids totalling 3,150 MW from seven bidders, out of which six met the techno-commercial criteria. Following an e-reverse auction, four bidders were selected. ABC Cleantech secured 750 MW at a tariff of Rs 3.27)/kWh, Juniper Green Energy was awarded 300 MW at Rs 3.29)/kWh, Acme Cleantech Solutions obtained 150 MW at Rs 3.22/kWh, and Renew Solar Power was allocated 300 MW at Rs 3.32/kWh. NTPC issued letters of award to the selected bidders, instructing them to sign power purchase agreements (PPAs) within 90 days. It then petitioned CERC to approve the discovered tariffs and submitted that the PPAs and PSAs were signed for a period of 25 years. A conformity certificate was provided, confirming that the bidding process was conducted transparently through an international competitive bidding mechanism. NTPC also sought approval for a trading margin of Rs 0.07/kWh. The Commission noted that NTPC approached it 42 days after the e-reverse auction instead of the stipulated 15 days. NTPC attributed the delay to procedural requirements in filing the petition. Despite this, CERC approved the discovered tariffs, acknowledging that the competitive bidding process was followed and that the outcome would be beneficial for procurers and consumers. The Commission also instructed NTPC to report any delays in commissioning the awarded capacity. Since the awarded capacity is yet to be tied to distribution licensees, the trading margin will be determined as per the PSAs. NTPC is also required to provide an escrow arrangement or an irrevocable, unconditional, and revolving letter of credit to the bidders. Failure to do so would result in the trading margin being reduced to Rs 0.02/kWh. In line with new hybrid power guidelines, CERC approved tariffs for the awarded capacity not yet tied up in PPAs and PSAs. In a separate instance in February, CERC had approved tariffs between Rs 4.64/kWh and Rs 5.25/kWh for 1,530 MW of renewable energy procured by NTPC through a competitive bidding process. News source: Mercom India

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code