GERC Allows Torrent Power to Procure Wind Power at Rs 3.27

CLP Power Private Limited in its petition had requested the commission to direct Torrent Power to extend the PPA for the sale of 49.6 MW.

The Gujarat Electricity Regulatory Commission (GERC), as a response to a review petition filed by the CLP Power Private Limited, has set Rs 3.27 as the tariff in the power purchase agreement signed between Torrent and CLP for the procurement of 49.6 MW of wind power.

CLP Power Private Limited in its petition had requested the commission to direct Torrent Power to extend the PPA for the sale of 49.6 MW of wind power project by 10 years.

“CLP Power Private Limited and Torrent Power Limited agreed for the period of power purchase from the project for period of 10 years and it was also agreed by the parties that once the said period is completed it will be subject to further extension,” the commission observed while reviewing the petitions and the subsequent submissions.

The commission further observed that “the discount of Rs. 0.10 per unit offered by the Petitioner in the tariff of Rs. 3.37 per unit determined by the Commission and stated in the PPA dated 14.10.2008 is at par with the tariff of Rs. 2.44 per unit discovered under the competitive bidding carried out by GUVNL, if transmission losses and transmission charges are added therein.”

The commission noted that Torrent Power Limited was willing to procure power from 49.6 MW of wind projects for an extended 10-year period if the tariff is kept at Rs 3.27.

The commission while disposing off the petition, maintained that “We consider the aforesaid submission of the Respondent (Torrent) as a mutual agreement with the Petitioner (CLP Power Private Limited) for extension of the PPA for a further period 10 years after December 31, 2018.”