RUVNL to settle solar and wind developer’s arrears beyond PPAs

The Rajasthan Electricity Regulatory Commission (RERC) has given permission to Rajasthan Urja Vikas Nigam Limited (RUVNL) to clear its outstanding dues owed to renewable energy developers who supplied solar and wind energy to the discom outside of the terms of the power purchase agreements (PPA).

The Commission decided that the payment for outstanding dues for wind power purchased at Rs 2.44 per kWh and solar power purchased at Rs 2.24 per kWh, had to be resolved within 90 days, for the period after March 31, 2019, and in the event of late payment, a surcharge would be applied. For the purchase of energy from renewable sources like wind and solar after March 31, 2019, RUVNL had submitted a petition for tariff determination at Rs 2.44 per kWh for wind and Rs. 2.24 per kWh for solar.

In June 2023, the RERC announced the completion of new regulations covering Renewable Purchase Obligations (RPOs) for entities with obligations in the state. The decision comes after the MoP established RPO trajectories for several clean energy sources. Notably, new regulations advocate for the mandatory inclusion of energy storage systems.

In August 2023, results have been declared for Rajasthan Urja Vikas Nigam Limited’s auction to develop 1,200 MW of solar projects with minimum six hours delivery from energy storage systems during peak demand. The projects can be developed anywhere in India. BluPine Energy and ACME have emerged as winners with respective quantities of 100 MW and 500 MW at a tariff of Rs 6.68 per kWh and Rs 6.69 per kWh, respectively.