Punjab DISCOM to purchase 300 MW solar power at Rs 2.36/kWh from SECI

11 Jan 2024 CW Team

The tariff for procuring 300 MW of solar power has been approved by the Punjab State Electricity Regulatory Commission (PSERC) at Rs 2.36 /KWh. This decision comes in response to a petition submitted by the Punjab State Power Corporation (PSPCL).

In the initial stages, SECI had issued a tender for the establishment of 2,000 MW of inter-state transmission system (ISTS)-connected solar power projects across India under Tranche-IX. The auction winners, namely Solarpack Corporacion Technologica, Avikiran Surya, AMP Energy Green, Eden Renewable Bercy, IB Vogt Singapore, Ayana Renewable Power, and ReNew Solar Power, were granted the opportunity to develop these projects.

Following the auction, SECI filed a petition with the Central Electricity Regulatory Commission (CERC) to seek approval for adopting the discovered tariff. However, CERC opted to adopt the Rs 2.37 (~$0.029)/kWh tariff presented by Avikiran Surya for the procurement of 300 MW.

Upon this decision, SECI was directed to approach the Commission for the adoption of tariffs for the remaining capacity once the necessary agreements were finalized.

After the CERC?s directive, SECI proceeded to enter into power purchase agreements with the successful bidders. Power sale agreements were formalised for 1,400 MW, while the approval status for the remaining 300 MW remained pending.

The applicable tariffs encompass the tariff specified for the relevant successful bidder, along with a trading margin of Rs 0.07/kWh.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..