The Haryana Electricity Regulatory Commission (HERC) has approved signing of power purchase agreements (PPAs) for 49.8 MW of bagasse-based co-generation power projects. Earlier, Haryana Power Purchase Centre (HPPC) had petitioned to the HERC requesting the approval and signing of PPA with Hind Samachar Limited for a 15 MW plant to be set up in Kurukshetra, Sri Jyoti Renewable Energy Private Limited for a 9.9 MW plant to be set up in Jind, Sukhbir Agro Energy Limited for a 15 MW plant to be developed at Kaithal and Srinivas Snapla for a 9.9 MW capacity plant to be set up in Fatehabad.
While examining the petition, HERC observed that the Request for Procurement was issued by Haryana Renewable Energy Development Agency according to the bid documents approved by the HERC and then the successful bidders were selected after due deliberations at the meeting of the high powered committee.
After reviewing the petition, the commission has reduced the bank guarantee proposed by HPPC from Rs 3 million to Rs 1 million. Also, the commission has approved a tariff of Rs 7.27 per kWh for Hind Samachar and Rs 7.29 per kWh for Sri Jyoti Renewable Energy, Sukhbir Agro Energy and Fatehabad Srinivas Snapla.