Haryana to get 150 MW of renewable power supply from SECI

25 Jul 2022 CW Team

The Haryana Electricity Regulatory Commission (HERC) has permitted Haryana Power Purchase Center (HPPC) to procure 150 MW of renewable energy with a guaranteed peak electricity power supply from the Solar Energy Corporation of India (SECI).

It said that in the absence of the draft power purchase agreement (PPA) between the parties, for any non-supply or curtailment of power during the agreed-upon peak hours, the penalty payable to the Haryana Power Purchase Center should be 100% of the tariff agreed upon by the parties.

The Commission added that the liquidated damages clause for non-supply, curtailed supply during peak hours, or non-commissioning of the project within the stipulated 18 months, will also be enforceable under the power sale agreement (PSA).

HPPC had filed a petition seeking approval for the procurement of 150 MW of renewable power from SECI for 25 years at a levelized tariff of Rs 3.96/kWh with an off-peak tariff of Rs 2.88/kWh and a peak tariff of Rs 6.85/kWh, plus a trading margin of Rs 0.07/kWh.

HPPC pointed out that the tariff offered by SECI was lower than the variable cost of the power sourced from thermal stations and lower than the short-term power procured from other sources.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..