In response to a petition submitted by the Solar Energy Corporation of India (SECI), the Central Electricity Regulatory Commission (CERC) has granted approval for a tariff of Rs 2.6 per kWh, inclusive of Re 0.07 per kWh as trading margin, for the acquisition of power from 600 MW inter-state transmission connected, tranche XI, solar projects. The projects are expected to be commissioned by June 30, 2025.
In December 2023, the CERC granted approval to a request from ReNew Sun Waves for compensation, both pre and post the commercial operation date, aimed at mitigating the financial repercussions of safeguard duty on solar cells or modules, along with the elevated customs duty on solar inverters.
In October 2023, the CERC gave its approval for a levelised tariff of Rs 6.99 per unit for NLC India Limited’s 20 MW solar power facility, which includes a battery energy storage system. The project is situated in Dollygunj and Attam Pahad in the Andaman & Nicobar Islands. In the same month, CERC granted permission to modify renewable energy certificate agreements, resulting in alterations to the trading dynamics at both the Indian Energy Exchange and Power Exchange India Limited.
