OERC approves supplementary PSA executed between GRIDCO and SECI

The Odisha Electricity Regulatory Commission (OERC) has approved the standard, and supplementary power sale agreement (PSA) executed between the Grid Corporation of Odisha Limited (GRIDCO) and Solar Energy Corporation of India Limited (SECI).  

The PSAs are for 500 MW capacity solar power projects under the manufacturing-linked and interstate transmission system -connected solar program. As the Ministry of New and Renewable Energy had directed that the bids for solar projects submitted before March 9, 2021, will be exempted from the basic customs duty (BCD) on solar cells and modules imports. Hence, OERC has stated that BCD would not be imposed on these 500 MW project as the tender was issued before March 9, 2021.Power from these plants will be procured to fulfil the renewable purchase obligation of GRIDCO.

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