+
Regulator Approves Tariff for SECI's 450 MW Solar Projects
POWER & RENEWABLE ENERGY

Regulator Approves Tariff for SECI's 450 MW Solar Projects

The Central Electricity Regulatory Commission (CERC) has approved the tariff of ?2.48 (~$0.028)/kWh for 450 MW solar power projects developed under the Solar Energy Corporation of India (SECI). Additionally, a trading margin of ?0.07 (~$0.0008)/kWh has been sanctioned.

SECI, designated as the nodal agency for implementing interstate transmission system (ISTS)-connected and state-specific solar and wind power projects, initially issued a tender for a 1,200 MW solar project under the ISTS framework. However, the total capacity was later reduced to 500 MW. The bidding process attracted proposals totaling 940 MW, all of which met the required techno-commercial criteria.

Following the evaluation, SECI awarded 250 MW to SAEL Industries and 200 MW to NTPC Renewable Energy at a tariff of ?2.48 (~$0.028)/kWh. Subsequently, SECI sought CERC’s approval for the discovered tariff.

CERC analyzed the case and confirmed that distribution licensees or intermediary procurers could approach it for tariff adoption. Since the awarded capacities had not yet been tied to specific distribution licensees, the trading margin would be determined based on the power sale agreement. The Commission approved SECI’s tariff, recognizing that it was determined through competitive bidding and aligned with market conditions. It further stipulated that the trading margin should be capped at ?0.02 (~$0.00023)/kWh if SECI does not provide an escrow arrangement or an irrevocable and unconditional letter of credit to solar generators.

In a separate development, CERC approved a tariff of ?2.6 (~$0.03)/kWh for 900 MW ISTS-connected solar projects under Tranche XI, along with a trading margin of ?0.07 (~$0.0008)/kWh. It also sanctioned Calcutta Electric Supply Corporation’s (CESC) petition to procure electricity from Purvah Green Power at ?2.69 (~$0.031)/kWh, along with deviations from standard bidding guidelines.

News source: Mercom India

The Central Electricity Regulatory Commission (CERC) has approved the tariff of ?2.48 (~$0.028)/kWh for 450 MW solar power projects developed under the Solar Energy Corporation of India (SECI). Additionally, a trading margin of ?0.07 (~$0.0008)/kWh has been sanctioned. SECI, designated as the nodal agency for implementing interstate transmission system (ISTS)-connected and state-specific solar and wind power projects, initially issued a tender for a 1,200 MW solar project under the ISTS framework. However, the total capacity was later reduced to 500 MW. The bidding process attracted proposals totaling 940 MW, all of which met the required techno-commercial criteria. Following the evaluation, SECI awarded 250 MW to SAEL Industries and 200 MW to NTPC Renewable Energy at a tariff of ?2.48 (~$0.028)/kWh. Subsequently, SECI sought CERC’s approval for the discovered tariff. CERC analyzed the case and confirmed that distribution licensees or intermediary procurers could approach it for tariff adoption. Since the awarded capacities had not yet been tied to specific distribution licensees, the trading margin would be determined based on the power sale agreement. The Commission approved SECI’s tariff, recognizing that it was determined through competitive bidding and aligned with market conditions. It further stipulated that the trading margin should be capped at ?0.02 (~$0.00023)/kWh if SECI does not provide an escrow arrangement or an irrevocable and unconditional letter of credit to solar generators. In a separate development, CERC approved a tariff of ?2.6 (~$0.03)/kWh for 900 MW ISTS-connected solar projects under Tranche XI, along with a trading margin of ?0.07 (~$0.0008)/kWh. It also sanctioned Calcutta Electric Supply Corporation’s (CESC) petition to procure electricity from Purvah Green Power at ?2.69 (~$0.031)/kWh, along with deviations from standard bidding guidelines. News source: Mercom India

Next Story
Infrastructure Urban

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Next Story
Infrastructure Urban

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Next Story
Infrastructure Urban

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?