The Central Electricity Regulatory Commission (CERC) has approved a tariff of Rs 2.67 per kWh for SBE Renewable and Rs 2.69 per kWh for Mahoba Solar for the 840 MW of wind-solar hybrid power projects (Tranche I). With regards to the trading margin of Rs 0.07 per kWh, the CERC noted that the contracting parties could mutually agree and adopt any trading margin. The commission stated that the selection of successful bidders and the determination of tariffs for the projects were carried out by SECI through a transparent bidding process and as per the guidelines issued by the Ministry of New and Renewable Energy.
Earlier, the Haryana Electricity Regulatory Commission (HERC) had approved the petition to procure 250 MW of solar power from SECI. The Haryana Power Purchase Center (HPPC) had submitted the plea for procuring 250 MW of solar power through the 1,200 MW (ISTS Tranche IV) tender to fulfil its renewable purchase obligation targets. Nearly 2,100 MW of solar power on a long-term basis is required to meet the solar RPO target of 8 per cent by the financial year 2021-22. However, with the current figures, only 1,584 MW of solar power will be available by the end of 2021-22.