Himachal Pradesh sets tariff for Kinnaur’s 300 MW hydro project

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has set the tariff for power sale from BASPA II, which is a 300 MW small hydroelectric project (HEP) located in Kinnaur district. The power will be sold to the Himachal Pradesh State Electricity Board from 2019-20 to 2023-24. The state commission has issued the order after being requested by JSW Hydro Energy Limited, the owner of the BASPA II HEP. JSW Hydro had filed a petition for the determination of tariff for the control period 2019-20 to 2023-24 as prescribed under the multi-year tariff filing procedures set out under the power purchase agreement (PPA). JSW Hydro Energy Limited also requested that the commission should be allowed an additional capital expenditure of Rs 110.5 million during 2018-19 to 2023-24. The company claimed that the additional capital expenditure is under the heads of upgrade in technology, prudent utility practices and “change in law”.

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