Maha electricity body allows Adani Power to procure 500 MW power

The Maharashtra Electricity Regulatory Commission (MERC) has allowed Adani Electricity Mumbai float tenders for procuring 500 MW power from grid-connected renewable projects, along with other non-renewable or conventional power sources on a round-the-clock (RTC) basis. The commission also added that the procured power by Adani Electricity would be calculated towards its renewable purchase obligation (RPO) targets. Adani Electricity had filed a petition to get approval to procure power of 1,000 MW from grid-connected renewable energy projects, with the energy from coal-based thermal projects in India based on RPO under the competitive bidding procedure. Adani Electricity said that the power demand in FY20 was 1,677 MW and the power generating station at Dahanu generated 500 MW, out of which 162 MW power was from long-term renewable energy contracts. The remaining procured power was from short-term contracts. In its amendment on 5th February, the Ministry of Power issued guidelines for tariff-based competitive bidding process for procurement of RTC power from grid-connected renewable energy projects complemented with another source of power. To achieve the RPO targets, the company proposed to procure 1,000 MW RTC power from grid-connected renewable projects, with the power from coal-based thermal projects. The discom told the media that the renewable energy backed by the power firm from coal-based thermal projects would help meet the RPO targets. The discom further said that the scheduled delivery date should be on or before 30 June 2023 to avail of the payment release of transmission charges. Adani Electricity said that it has an option to procure 600 MW power in a staggered manner by June 2023 and postpone the remaining 400 MW procurement by three to four years. Image Source Also read: Adani Power bags Essar Power's 1,200 MW Mahan Project Also read: Adani Group to double coal generation capacity to 24 GW