MERC approves tariff for 225 MW hybrid project

The Maharashtra Electricity Regulatory Commission (MERC) has approved a tariff of Rs 2.59 per kWh for the evacuation of power from a wind-solar hybrid project with a capacity of 225 MW. Tata Power Company Limited (Distribution) (TPC-D) had approached the commission seeking approval for the tariff. The power purchased will help towards fulfilling TPC-D’s renewable purchase obligation. The project will be developed by Tata Power Green Energy Limited and will be located in parts of Maharashtra and Rajasthan. As per the order, TPC-D can now enter into a power purchase agreement (PPA) with Tata Power Green Energy Limited for a tenure of 25 years. The tariff was determined by a transparent reverse auction where there were two bidders. While AMP Energy Green Private Limited had quoted a tariff of Rs 2.60 per kWh for 100 MW of hybrid projects, Tata Power Green Energy Limited had bid Rs 2.59 per kWh for 225 MW of hybrid project capacity.