TPDDL to Procure 100 MW Solar, 50 MW Wind Power From SECI After CERC Approval

• CERC while listening to on 2 applications submitted by TPDDL has actually authorized the tolls of Rs 2.54/ kWh for 100 MW solar & Rs 2.52/ kWh for 50 MW wind power from SECI

The Central Electricity Regulatory Commission (CERC) while listening to on 2 requests submitted by Delhi-based power Discom Tata Power Delhi Distribution Limited (TPDDL) has actually accepted the tolls of Rs 2.54/ kWh for purchase of 100 MW solar energy as well as Rs 2.52/ kWh for purchase of 50 MW wind power from the Solar Energy Corporation of India (SECI).

In its requests, TPDDL had actually sent that being a circulation licensee, TPDDL is obliged to acquire the power from eco-friendly resources for the fulfilment of Renewable Purchase Obligations (RPOs) as defined in Delhi Electricity Regulatory Commission (DERC) guidelines.

Appropriately, according to the affordable proposal procedure performed by SECI for establishing of grid-connected Solar PV Projects for an accumulated ability of 2000 MW (250 MW × 8) on Build, Own and also Operate basis, TPDDL requisitioned 100 MW solar energy after in-principle authorization of DERC.

Likewise, according to the affordable proposal procedure performed by SECI for establishing of grid-connected wind power projects for an accumulated capability of 2000 MW (Tranche III), TPDDL requisitioned 50 MW wind power after in-principle authorization of DERC.

SECI in its entry had actually specified that it had actually authorized the potential Power Sale Agreements (PSA) with TPDDL on March 28, 2018, for 50 MW wind power as well as September 9, 2018, for 100 MW solar energy. After reaching tolls with e-reverse public auctions after adhering to the ministry of power standards for purchase of power from renewable resource generators.

In its searchings for, the compensation kept in mind that based upon all the entries, "it arises that option of the effective prospective buyers and also the toll of the Projects has actually been executed by SECI via a clear procedure of affordable bidding process based on Guidelines provided by Ministry of Power." As well as "Accordingly, in regards to Section 63 of the Act, the Commission takes on the adhering to tolls for the projects as consented to by the effective prospective buyers, which will continue to be legitimate throughout the duration covered in the PPAs and also psas."

Better, the Commission kept in mind that the worried celebrations ought to follow the trading permit guidelines when it pertains to the trading margin. The Commission mentioned that the petitioners ought to be controlled by law 8 (1) (f) which mentions: "For deals under back to back agreements, where escrow plan or irreversible, rotating as well as genuine letter of credit is not offered by the trading licensee in favour of the vendor, the trading licensee will certainly not bill trading margin surpassing Rs 0.02/ kWh.".