The Haryana Electricity Regulatory Commission (HERC) recently authorised Haryana Power Purchase Center (HPPC) to purchase 150 MW of renewable energy from the Solar Energy Corporation of India (SECI) with a guaranteed peak power supply. In the absence of a drafted 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 percent of the tariff agreed upon by the parties.
HPPC has filed a petition with SECI requesting authorisation for 25-year procurement of 150 MW of renewable electricity at a levelised pricing of Rs 3.96/kWh, with an off-peak tariff of Rs 2.88/kWh and a peak tariff of Rs 6.85/kWh alongwith a trading margin of Rs 0.07/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.
Recently in June 2022, HERC sanctioned a power sale agreement proposed by HPPC for procuring 800 MW of Interstate Transmission System (ISTS)-connected wind-solar hybrid power (Tranche IV) from SECI. The Commission approval is sanctioned at a tariff of Rs 2.34/ kWh and Rs 2.35/ kWh for 700 MW and 100 MW capacity respectively.
