CERC Approves Tariff For SECI’s 1200 MW RTC Power Project

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SECI’s landmark RTC tender for green energy  has received formal CERC approval for tariff adoption and trading margins. SECI had issued a tender in 2019 for “Round-the-Clock” supply of 400 MW ISTS-connected Renewal Energy project with assured peak power supply in India under tariff based competitive bidding. SECI recently filed a petition with CERC for the adoption of tariff, divided into off peak an on peak, for the said renewable energy projects connected to inter-state transmission system (ISTS) as per the guidelines of the Government of India. As always, SECI’s approved trading margin has been set at 7 paise/unit.

As per SECI, it had analyzed the demand profiles of the buying entities and found that morning and evening are peak hours. During these times, the demand was met from open market through expensive purchases. Keeping this in mind, SECI set up an e-bidding portal to select project developers for 1200 MW ISTS-connected renewable energy projects with assured Peak Power Supply in India (ISTS-VII).

Three bids were received by SECI with a total capacity of 1620 MW. All of them met the technical criteria and all three bidders were also chosen for e-reverse auction. SECI entered into PPAs with Greenko Energies Private Limited (900 MW) and Renew Solar Power Private Limited (300 MW).

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SECI had signed the PSAs for total 1050 MW RE power with the distribution licensees, namely, Damodar Valley Corporation (DVC), North Bihar Power Distribution Company Limited (NBPDCL), Distribution Companies of Rajasthan (Rajasthan Urja Vikas Nigam Limited, Jaipur Vidyut Vitaran Nigam Limited, Ajmer Vidyut Vitaran Nigam Limited and Jodhpur Vidyut Vitaran Nigam Limited) and Electricity Department, Government of Goa. This was signed at the rate of Rs.2.88/kWh (Off peak tariff) + Rs.6.12/kWh (Peak Hour tariff) or Rs.2.88/kWh (Off Peak tariff) + 6.85/kWh plus trading margin of Rs.0.07/kWh.

The CERC has also approved the adoption of the individual tariff for the RE Power Projects, as agreed to by the successful bidders, that is, Greenko for 900 MW at INR 2.88 per kWh for off peak power tariff and for on peak power tariff, INR 6.12 per kWh. For Renew Solar Power, it is 300 MW awarded capacity at INR 2.88 per kWh for off peak power tariff and for on peak, at INR 6.85 per kWh.

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