SECI Gets Approval to Buy Power From 840 MW Wind-Solar Projects

Mar 3, 2020 04:52 PM ET
  • SECI has actually gotten CERC authorization for fostering of toll that was found for 840 MW wind-solar crossbreed power projects under the Tranche-I tender

The Solar Energy Corporation of India (SECI) has actually seen its application, for authorization of toll uncovered with an affordable bidding procedure for 840 MW wind-solar crossbreed power projects (Tranche-I) attached to the Inter-State Transmission System, removed by the Central Electricity Regulatory Commission (CERC).

SECI in its application had actually made the adhering to petition to the payment: Adopt the toll found in the affordable proposal procedure for the specific power projects plus the trading margin of Rs.0.07/ kWh to be recuperated from the Buying Utilities/ Distribution Licensees on the problems and also terms consisted of in the PPAs.

SECI had actually sent that it provided Request for Selection (RfS) together with draft Power Purchase Agreement (PPA) and also Power Sale Agreement (PSA) files for establishing of 2500 MW ISTS linked Wind-Solar Hybrid Projects (Tranche-I) based on the relevant standards on June 22, 2019. Consequently, the capability under the RfS was changed to 1200 MW.

The Petitioner after that sent that e-Reverse public auction of both practically certified prospective buyers (SBE Energy Ten (P) Limited as well as Mahoba Solar) was performed on December 5, 2020, on TCIL's site and also the last toll was shown up. The Petitioner has actually specified that the hybrid projects are arranged to be appointed in the year 2021-22 as well as the Projects would certainly aid the Buying Utilities/Distribution Licensees in satisfying their Renewable Purchase Obligations (RPOs) needs besides giving power at extremely cost-effective prices.

SECI had actually more sent that it has actually accepted market the whole 840 MW (i.e. advancing granted capacity/accepted collective ability) of crossbreed power to the Buying Utilities/Discoms at the price of Rs. 2.6972/ kWh plus the trading margin of Rs.0.07/ kWh upon the appointing of the above ability. According to the Petitioner, given that the pooled toll found via the affordable quote procedure is also minimal than the purchase price of standard power, it would certainly be useful for the Buying Utilities/Distribution Licensees as well as the customers at large.

Better, based upon the demand of the Buying Utilities/Discoms, SECI had actually become part of PSAs for 400 MW capability with Chhattisgarh State Power Distribution Company Limited as well as 440 MW power with Haryana Power Purchase Centre (HPPC).

Based upon searchings for, the payment specified that In the light of the above conversation, in regards to Section 63 of the Act, the Commission embraces the complying with toll for the Projects as consented to by the effective prospective buyers based on finalizing of the PPAs with the designers, which will stay legitimate throughout the duration covered in the PPAs and also psas.

Source:
saurenergy.com

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