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

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?