GERC Revises Tariff To Rs 2.57 For 700 MW Project Between SECI, GUVNL

GERC Revised Tariff To Rs. 2.57/ kWh For 700 MW Power Project Between SECI, GUVNL

Gujarat Electricity Regulation Commission (GERC) recently approved the power usage agreement signed by Gujarat Urja Vikas Nigam Limited (GUVNL) with Solar Energy Corporation of India Limited (SECIL). The agreement was undertaken for procurement of 700 MW power from their solar PV power plant that is to be set up under Ministry of New and Renewable energy (MNRE’s) Central Public Sector Undertaking (CPSU) Scheme Phase-II, Tranche -III. This project was awarded by Indian Renewable Energy Development Agency (IREDA).

Under the agreement the power purchase agreement (PPA) dated 16th October 2023 was executed by the petitioner GUVNL with Solar Energy Corporation of India Limited (SECI) for procurement of 700 MW power from SECI’ Solar PV Power Plant. This power plant was expected to be set up under MNRE’s CPSU Scheme at the tariff of Rs. 2.57 per kWh awarded by IREDA.

In response to the petition, the commission responded, “Initially, SECI had offered 1200 MW Solar Power to GUVNL from the Solar PV Projects to be set up under MNRE’s CPSU Scheme Phase-II, Tranche-III at the rate of Rs. 2.45/kWh which was awarded by IREDA through Competitive Bidding Process.”

It added, “Thereafter, SECI informed IREDA the revised maximum usage charges for the scheme from Rs. 2.45 per kWh to Rs. 2.57 per/kWh which is exclusive of other charges such as Wheeling and Transmission Charges and losses, Cross Subsidy Surcharges, SLDC charges and the reason for increase in usage charges is due to increase in GST rate from 5% to 12% on solar module as notified by Government of India. The commission also revised the tariff to Rs. 2.57 per kWh and further, SECI has reduced the capacity from 1200 MW to 700 MW at the tariff of Rs. 2.57/kWh. In further response to query of the commission, submitted that SECI it was clarified that no trading margin is applicable as project is developed by SECI as a generator.”

Sanjeev Singh, appearing on behalf of Solar Energy Corporation of India Limited, submitted that there is no objection to implement of Solar Energy Corporation of India Limited.

NREL, JSW, Solarcraft Emerged Winners For SJVN’s 1500 MW Solar Tender

Also Read

GUVNL Invites Bids For Power Procurement From Khavda Solar Park

Also Read