DERC Approves 100 MW Wind Power Agreements

The tariff of the PSA will be Rs 3.53/kWh, which will comprise of the Rs 3.46/kWh tariff quoted by developer and PTC’s trading margin of Rs 0.07/kWh.

The Delhi Electricity Regulatory Commission (DERC) has issued a notification with the approval of two power sale agreements between BSES Rajdhani Power Ltd (BRPL) and PTC India Ltd for the sale of 100 MW of wind power.

The petition was filed by BRPL for seeking adoption of tariff for purchase of 100 MW of wind power from PTC India Limited and for the approval of the Power Sale Agreement (PSA) dated July 21, 2018 entered into between the petitioner and PTC India Limited in terms of the DERC (Renewable Purchase Obligations and Renewable Energy Certificate Framework Implementation) Regulations, 2012.

The tariff of the PSA will be Rs 3.53/kWh, which will comprise of the Rs 3.46/kWh tariff quoted by developer and PTC’s trading margin of Rs 0.07/kWh.

Back in June 2016, the MNRE had approved a program to set up 1 GW of ISTS-Connected wind projects, following which the Solar Energy Corporation of India (SECI) on behalf of PTC India Limited, tendered 100 MW of wind power projects.

Green Infra Wind Energy Ltd. and Inox Wind Infrastructure Services Ltd. both won the bid to develop 50 MW of wind projects each by quoting tariff of Rs 3.46/kWh. PTC India Limited had entered power purchase agreements with the winning bidders.

The Delhi Commission found the PSAs dated July 21, 2018, entered by PTC India Limited and BRPL to be in order and therefore approved them.

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