TheCentral Electricity Regulatory Commission (CERC) has adopted the tariff for1,200 MW Wind-Solar Hybrid Power Projects with Assured Peak Power Supply(Tranche VI) under the competitive bidding process conducted by the SolarEnergy Corporation of India Limited (SECI).
Itis pertinent to note that SECI had filed a petition before CERC under section63 of Electricity Act for adoption of tariff discovered under the bid. The Rfswas issued by SECI on November 2, 2022, for 1,200 MW of Wind-Solar Hybrid PowerProjects with Assured Peak Power Supply (Tranche VI), under the tariff-basedcompetitive bidding process in line with the guidelines of the MNRE.
SECIreceived eight bids totalling 2,390 MW, of which seven bidders qualified forthe e-reverse auction held on April 12, 2023. Following the competitive biddingprocess, SECI awarded Letter of Award (LoA) dt 20.04.2023 to four successfulbidders at tariffs ranging from INR 4.64/kWh to INR 4.73/kWh as noted in thebox alongside.
|
Bidder |
Capacity
(MW) |
Tariff
(Rs/kWh) |
|
AMP Energy Green Private Limited |
100 |
4.64 |
|
ReNew Vikram Shakti Private Limited |
600 |
4.69 |
|
Hero Solar Energy Private Limited |
120 |
4.72 |
|
ACME Cleantech Solutions Private Limited |
380 |
4.73 |
|
Total |
1200 |
|
SECIhas signed agreements for 600 MW capacity out of 1,200 MW capacity. The PowerSale Agreements (PSAs) were signed with Assam Power Distribution Company Ltd(APDCL) for 100 MW and Chhattisgarh State Power Distribution Company Ltd(CSPDCL) for 500 MW while the remaining 600 MW capacity is yet to be signed.
CERCvide order dated 24.02.2025 approved the tariff for the 1,200 MW projects,stating that the bidding process was conducted in accordance with thecompetitive bidding guidelines issued by MNRE. CERC considered all parametersand approved the discovered tariff and the trading margin of INR 0.07/kWh,subject to SECI ensuring compliance with payment security mechanisms and otherconditions.
Thetariff adoption by CERC is a mandatory legal requirement under Electricity Actand Power Purchase Agreements and it provides regulatory certainty to theentire bidding process and ensures the sanctity of the discovered tariff,paving the way for the successful bidders to proceed with project execution andfinancial closure.