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In a current order, the Haryana Electrical energy Regulatory Fee (HERC) authorised Haryana Energy Buy Middle (HPPC), to buy 150 MW of renewable vitality from Photo voltaic Power Company of India (SECI).
This can assure peak energy provide. The events didn’t have an influence buy settlement (PPA). Nevertheless, the HPCC was approved to buy 150 MW of renewable vitality from the SECI with a assured peak energy provide.
HPPC filed a petition to SECI asking for authorisation for a 25-year procurement 150 MW of renewable vitality at a levelized pricing of Rs 3.96/kWh with an off-peak price of Rs 2.88/kWh and peak tariff of Rs 6.85/kWh with a buying and selling margin Rs 0.07/kWh.
The Fee said that the facility sale settlement will implement the liquidated damages clause concerning non-delivery, restricted provide in peak hours and non-commissioning the undertaking throughout the stipulated 18 months.
Earlier within the month of June, HERC had authorized HPPC’s petition for approval of supply in addition to approval of the draft Energy Provide Settlement (PSA) for procurement of 800 MW ISTS linked Wind Photo voltaic Hybrid Energy underneath Tranche IV scheme of Photo voltaic Power Company of India Restricted (SECI) at a levelized tariff of Rs. 2.34/kWh for 700 MW and Rs. 2.35/kWh for 100 MW plus a buying and selling margin of Rs. 0.07/kWh for a interval of 25 years.