SECI Seeks Tariff Adoption For 600MW ISTS Solar Projects

- Advertisement -
- Advertisement -

At the time of the petition, SECI had signed Power Purchase Agreements (PPAs) for 1,100 MW of this capacity.

The Solar Energy Corporation of India Limited (SECI) recently filed a petition under Section 63 of the Electricity Act, 2003, seeking the adoption of tariffs for 600 MW solar power projects connected to the Inter-State Transmission System (ISTS). These projects, part of Tranche VIII, were selected through a competitive bidding process, in line with the guidelines set by the Government of India.

Initially, SECI issued a request for selection (RfS) for 1,200 MW ISTS-connected solar power projects. This call attracted eleven bids with a cumulative capacity of 4 GW. After evaluating these bids based on technical criteria, eight bidders were shortlisted. An e-reverse auction was then conducted, resulting in the selection of four bidders with a total capacity of 1.2 GW. Letters of Award for these projects were issued on April 6, 2020.

- Advertisement -

At the time of the petition, SECI had signed Power Purchase Agreements (PPAs) for 1,100 MW of this capacity. This included 300 MW at ₹2.50/kWh with Adani Solar Energy Jodhpur Six Private Limited and 600 MW with distribution companies in Bihar. The remaining 100 MW capacity was still pending, and SECI requested the adoption of tariffs for the entire 1,200 MW capacity.

The Commission addressed SECI’s delays in finalising PPAs, with SECI attributing these delays to various factors, including distribution company tenders and tariff rate changes. SECI has signed agreements for 500 MW with TANGEDCO and is negotiating for another 500 MW. The Commission reviewed the bidding process, noting a deviation in Change in Law provisions, which was later approved. They advised SECI to adhere to proper procedures in future bids. They recognised that bidders were aware of these deviations and approved tariff adoption for 1,100 MW with executed PPAs. 

The Commission suggested that SECI file a separate petition for any approval regarding a Change in Law. The petition was disposed of following the Commission’s findings, marking a crucial step in SECI’s efforts to advance solar energy projects in India. This development underscores the complexity of energy procurement in India and the importance of adhering to established guidelines and procedures.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Six Steps To Building Better Business Assets

0
In the journey of asset-building, solving good problems trumps battling bad ones. Dive into six essential steps for building and leveraging effective assets—the game-changer...

India’s Solar Capacity Installation Down By 44.1%, Delayed Projects To Add To 2024 Installations

0
Large-scale solar installations saw a notable decline of 50.8% YoY to 5.8 GW from 11.7 GW in 2022, constituting 77.2% of the annual capacity...

Infineon Technologies Sells Manufacturing Sites To ASE

0
This strategic move aims to balance in-house and external manufacturing for profitable growth, leveraging mutual synergies between the companies to drive industry growth and...

Buzz

Bajaj Auto And Magna Increase Their Ownership In Yulu

0
Returning investors Bajaj Auto and Magna have invested $19.25 million in shared electric mobility company Yulu as part of a Series B round of...

BIWIN And Lenovo Collaborate To Launch SSDs In India

0
Lenovo SSDs deliver high-performance storage solutions catering to both consumer and business needs. BIWIN has partnered with Lenovo to introduce the latest Lenovo-branded SSDs in...

IIT Guwahati And Edurade Launch India’s Largest Remote Pilot Training Program

0
This first-of-its-kind training program is specifically designed for Junior Commissioned Officers (JCOs) and other officers, aiming to modernise the operations of the armed forces.  The...

Important Sectors

India’s Solar Capacity Installation Down By 44.1%, Delayed Projects To Add To 2024 Installations

0
Large-scale solar installations saw a notable decline of 50.8% YoY to 5.8 GW from 11.7 GW in 2022, constituting 77.2% of the annual capacity...

Bajaj Auto And Magna Increase Their Ownership In Yulu

0
Returning investors Bajaj Auto and Magna have invested $19.25 million in shared electric mobility company Yulu as part of a Series B round of...

IIT Guwahati And Edurade Launch India’s Largest Remote Pilot Training Program

0
This first-of-its-kind training program is specifically designed for Junior Commissioned Officers (JCOs) and other officers, aiming to modernise the operations of the armed forces.  The...

Servotech Secures Order For 1500 DC Fast EV Chargers From HPCL And OEMs

0
Servotech Power Systems Ltd. secures a significant order for 1500 DC fast EV chargers from HPCL and other OEMs, valued at 102 crores, to...

CIL Announces 3GW Solar Projects, Aims For 5GW RE Addition

0
CIL is laying the groundwork for its 5 GW renewable energy goal. Coal India Limited (CIL) has announced its plans to set up 3 gigawatts...

Manufacturing

Applied Ventures Funds VVDN Technologies

0
The investment demonstrates Applied Ventures' dedication to promoting innovation, collaboration, and entrepreneurship within the semiconductor and electronics manufacturing sectors. Applied Ventures, LLC, the venture capital...

Haryana EV-CO To Manufacture L3, L5 EVs At New Plant

0
The EV maker is self-funded and operates a modern manufacturing facility with cutting-edge technology and equipment. It specializes in producing two and three-wheelers, with...
Sona Comstar

Sona Comstar: First Indian Auto Supplier With PLI Certification

0
Sona Comstar, a leading EV traction motor manufacturer in India, receives PLI certification for its electric two-wheeler traction motor. Sona BLW Precision Forgings, commonly known...

Indian Manufacturers To Get Chinese Mobile Production Orders

0
Dixon has secured an order from Oppo for making phones, with an order size of around 5-6 lakh units per month.  Chinese firms have finally...

VinFast To Begin Construction Of TN Factory On Feb 25

0
The collaboration between VinFast and the Tamil Nadu Government commenced with the signing of a Memorandum of Understanding (MoU) on January 6, 2024. This...