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.