CERC approves tariff for 2 GW of ISTS solar projects

The Central Electricity Regulatory Commission (CERC) has adopted tariffs for 2 GW solar projects of Rs 2.55 per kWh and Rs 2.56 per kWh through competitive bidding by NHPC Limited.

The charges would remain valid throughout the period covered in the power purchase agreements (PPAs) and the power sale agreement (PSAs). In addition, CERC has asked NHPC to remove the deviation clause regarding the change in law compensation in the PPAs executed with the developers so that it conforms with the change in law guidelines issued by the Ministry of Power (MoP).