SECI Gets CERC Approval to Sell 600 MW Solar Power to Haryana & Bihar at Rs 2.44/ kWh.

• CERC has actually authorized the request submitted by SECI looking for authorization for marketing of 600 MW solar energy to Discoms in Haryana and also Bihar at a toll price of Rs 2.44/ kWh.

The Central Electricity Regulatory Commission (CERC) has in its newest order accepted the application submitted by the Solar Energy Corporation of India (SECI) looking for the compensations' authorization for marketing of 600 MW solar energy to Discoms in Haryana and also Bihar at a toll price of Rs 2.44/ kWh.

SECI had actually submitted to the compensation that in February 2018, it had actually released the ask for choice (RfS) to establish 3,000 MW of ISTS-connected solar energy projects (Tranche II) in India. Which the reverse public auction for the tender with the eleven practically certified prospective buyers was performed on July 13, 2018. In which, ACME Solar was stated the effective prospective buyer with an overall project capability of 600 MW granted at the toll of Rs 2.44/ kWh. The particular letters of honor (LOA) were after that provided to the companies' unique objective automobiles (SPVs), ACME Deoghar Power Private Limited, and also ACME Dhaulpur Private Limited for 300 MW capability each.

Even more, the firm had actually sent that based upon the demand of the Discoms, 400 MW capability was assigned to Haryana Power Purchase Center (HPPC), as well as 150 MW of solar energy was designated to North Bihar Power Distribution Company Limited (NBPDCL) and also South Bihar Power Distribution Company Limited (SBPDCL) with the staying 50 MW ability assigned to the electrical energy division, the federal government of Puducherry. Consequently, SECI had actually gone into the PSAs with the Haryana and also Bihar Discoms.

In its searchings for, the compensation kept in mind that "in the light of the conversations as above, it arises that option of the effective prospective buyer and also the toll of the Projects has actually been executed by SECI with a clear procedure of affordable bidding process according to Guidelines provided by Ministry of Power. And also therefore, "the Commission takes on the complying with toll (Rs 2.44/ kWh) for the Projects as consented to by the effective prospective buyer, which will stay legitimate throughout the duration covered in the PPAs and also psas.".

Pertaining to the trading margin, which was concurred at Rs 0.07/ kWh, the Commission asked the having events to settle on it equally. Better, the Commission asked SECI to notify the Commission prior to starting the bidding procedure in the future, which SECI stopped working to do in this instance.