HERC approves purchase of 150 MW renewable energy from SECI

The Haryana Electricity Regulatory Commission (HERC) has authorised Haryana Power Purchase Center (HPPC) to purchase 150 MW of renewable energy from the Solar Energy Corporation of India Limited (SECI) with a guaranteed peak power supply.

In the absence of a draft power purchase agreement (PPA) between the parties, it specified that the penalty payable to the HPCC for any non-supply or restriction in supplying power during the agreed-upon peak hours must be 100 per cent of the tariff agreed upon by the parties. HPPC had filed a petition with SECI requesting authorisation for 25-year procurement of 150 MW of renewable electricity at a levelised tariff of Rs 3.96 per kWh, with an off-peak tariff of Rs 2.88 per kWh and a peak tariff of Rs 6.85 per kWh alongwith a trading margin of Re 0.07 per kWh. The Commission also stated that the liquidated damages clause for non-delivery, restricted supply during peak hours, and non-commissioning of the project within the specified 18 months will be enforceable under the power sale agreement.

GET ACCESS TO OUR ARTICLES

Enter your email address