CERC Adopts Tariff For SECI’s 1.2 GW Hybrid Power Projects

CERC Adopts Tariff For SECI’s 1.2 GW Hybrid Power Projects (Tranche VI)

By Chitrika Grover/ Updated On Mon, Mar 3rd, 2025

Highlights :

CERC considered all parameters and approved the discovered tariff and the trading margin of Rs. 0.07/kWh, subject to SECI ensuring compliance with payment security mechanisms and other conditions.

CERC Takes Into Account PSPs, Offshore Wind, Changes Transmission Rules

The Central Electricity Regulatory Commission (CERC) has adopted the tariff for 1,200 MW Wind-Solar Hybrid Power Projects with Assured Peak Power Supply (Tranche VI) under the competitive bidding process conducted by the Solar Energy Corporation of India Limited (SECI).

It is pertinent to note that SECI had filed a petition before CERC under section 63 of the Electricity Act for adoption of the tariff discovered under the bid. SECI issued the tender for the project on November 2, 2022, for 1,200 MW of Wind-Solar Hybrid Power Projects with Assured Peak Power Supply (Tranche VI). SECI issued the tender under the tariff-based competitive bidding process in line with the MNRE guidelines.

Winning Bidders

SECI received eight bids totalling 2,390 MW, of which seven bidders qualified for the e-reverse auction held on April 12, 2023. Following the competitive bidding process, SECI awarded Letter of Award (LOA) dt 20.04.2023 to four successful bidders at tariffs ranging from Rs. 4.64/kWh to Rs. 4.73/kWh as below

SECI Tender Result (Tranche VI)

SECI has signed agreements for 600 MW capacity out of 1200 MW capacity. The Power Sale Agreements (PSAs) were signed with Assam Power Distribution Company Ltd (APDCL) for 100 MW and Chhattisgarh State Power Distribution Company Ltd (CSPDCL) for 500 MW while
the remaining 600 MW capacity is yet to be signed.

CERC in its 24.02.2025 order approved the tariff for the 1,200 MW projects, stating that the bidding process was conducted following the competitive bidding guidelines issued by MNRE. CERC considered all parameters and approved the discovered tariff and the trading margin of Rs. 0.07/kWh, subject to SECI ensuring compliance with payment security mechanisms and other conditions. The tariff adoption by CERC is a mandatory legal requirement under the Electricity Act, the Power Purchase Agreements (PPA), and it provides regulatory certainty to the entire bidding process and ensures the sanctity of the discovered tariff, paving the way for the successful bidders to proceed with project execution and financial closure.