Government extends waiver of ISTS charges for solar, wind developers
POWER & RENEWABLE ENERGY

Government extends waiver of ISTS charges for solar, wind developers

The Ministry of Power (MoP) has announced that the inter-state transmission system (ISTS) charges waiver will be extended until 30 June 2025 for solar and wind energy projects that have been completed.

The waiver only applies to ISTS charges, not losses, and the order takes effect right away.

MoP waived ISTS charges and losses on all solar and wind projects completed before 30 June 2023 in August 2020.

Pumped hydro storage projects and battery energy storage systems (BESS) that are completed by 30 June 2025 are also eligible for the waiver, provided they meet the requirements. According to the terms, solar and or wind power must meet at least 70% of the annual electricity requirement for pumping water in the pumped hydropower project.

The ISTS charges for power generated by pumped hydro and BESS would be levied gradually, i.e., 25% of short-term open access (STOA) charges for the first five years of operation and gradually increasing by 25% every third year until reaching 100% of STOA charges in the 12th year.

For two years, until 30 June 2023 and ISTS waiver would be allowed for trading electricity generated and supplied by solar, wind, pumped hydro, and BESS in the green term ahead market (GTAM); MoP will review this arrangement on an annual basis, depending on the future development of the power market.

The ISTS used for electricity transmission across the territory of an intervening state, as well as transmission of electricity within the state that lies on the path of interstate transmission, would be included for the purpose of sharing ISTS charges.

Any ISTS charge waiver that applies to inter-state transmission would apply to intra-state transmission as well. The Central Transmission Utility would then reimburse the transmission charges of such intra-state transmission systems.

Any charge waiver granted by the ISTS for interstate transmission would also apply to intrastate transmission. The transmission charges of such intra-state transmission systems would then be reimbursed by the Central Transmission Utility.

Image Source


Also read: Karnataka proposes setting up a 500 MW ISTS-connected solar park

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Ministry of Power (MoP) has announced that the inter-state transmission system (ISTS) charges waiver will be extended until 30 June 2025 for solar and wind energy projects that have been completed. The waiver only applies to ISTS charges, not losses, and the order takes effect right away. MoP waived ISTS charges and losses on all solar and wind projects completed before 30 June 2023 in August 2020. Pumped hydro storage projects and battery energy storage systems (BESS) that are completed by 30 June 2025 are also eligible for the waiver, provided they meet the requirements. According to the terms, solar and or wind power must meet at least 70% of the annual electricity requirement for pumping water in the pumped hydropower project. The ISTS charges for power generated by pumped hydro and BESS would be levied gradually, i.e., 25% of short-term open access (STOA) charges for the first five years of operation and gradually increasing by 25% every third year until reaching 100% of STOA charges in the 12th year. For two years, until 30 June 2023 and ISTS waiver would be allowed for trading electricity generated and supplied by solar, wind, pumped hydro, and BESS in the green term ahead market (GTAM); MoP will review this arrangement on an annual basis, depending on the future development of the power market. The ISTS used for electricity transmission across the territory of an intervening state, as well as transmission of electricity within the state that lies on the path of interstate transmission, would be included for the purpose of sharing ISTS charges. Any ISTS charge waiver that applies to inter-state transmission would apply to intra-state transmission as well. The Central Transmission Utility would then reimburse the transmission charges of such intra-state transmission systems. Any charge waiver granted by the ISTS for interstate transmission would also apply to intrastate transmission. The transmission charges of such intra-state transmission systems would then be reimbursed by the Central Transmission Utility. Image Source Also read: Karnataka proposes setting up a 500 MW ISTS-connected solar park

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement