The Central Electricity Regulatory Commission (CERC) has granted approval to a tariff of Rs 2.53 per kWh for the purchase of power from Solar Energy Corporation of India’s (SECI) 1,170 MW of wind-solar hybrid power projects, tranche-V, connected with inter-state transmission system. Additionally, the CERC authorised a trading margin of Re 0.07 per kWh. Furthermore, the projects must be completed within 24 months post signing of the power purchase agreement.
The commission claims that the respondents cannot seek remedies relating to changes in law within the scope of the petition brought by SECI by citing a previous decision from the Appellate Tribunal for Electricity. They must submit additional petitions if they want to pursue claims related to legal changes.
In August 2023, Powergrid Khavda II-C Transmission Limited announced the approval from the CERC to evacuate power from 4.5 GW of renewable energy projects at Gujarat’s Khavda pooling station (phase-II, part C).
In July 2023, CERC announced that developers are entitled to reimbursement for extra expenses incurred for 100 MW solar power projects in Uttar Pradesh and Karnataka following the implementation of the Goods and Services Tax.