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In a latest order, Karnataka State Electrical energy Fee (KSERC) authorized diminished tariff price of INR2.77/Kwh from INR2.97/Kwh for Karnataka State Electrical energy Board Ltd (KSEBL’s) proposed 90MW solar energy procurement from NTPC ltd for 25 years interval from the date of the commissioning of the plant.
Background
After contemplating Ministry of Energy’s (MoP) notification for “Tips for tariff based mostly aggressive bidding course of for procurement of energy from grid related Photo voltaic PV Initiatives”, dated 03.08.2017 and receiving approval from the state fee for procurement of 200MW solar energy, KSEBL invited request for choice (RfS) for procurement of 200MW solar energy on long run foundation dated 18.09.2020. After subsequent monetary bidding and e-reverse public sale course of, found L1-bidders have been
1. NTPC Ltd – 90MW @ INR 2.97/Kwh
2. Tata Energy Firm Ltd – 110MW @ INR 2.97/Kwh
In view of the above context, KSEBL requested for approval of found tariff of INR2.97/Kwh from the fee. Subsequently, fee gave order for signing of preliminary energy buy settlement (PPA) between L1-bidder and KSEBL. Accordingly, KSEBL issued letter of acceptance (LOA) to NTPC ltd and requested for signed LOA for additional processing of PPA.
Within the meantime, NTPC ltd repeatedly requested for signed remaining PPA from the KSEBL and began web site mobilization, module procurement work on the premise of acquired LOA from KSEBL. NTPC additionally bought grant of connectivity of 90MW from CTUIL and utility of long run entry settlement (LTA) held up because of the delay in issuance of signed remaining PPA.
In response to NTPC’s repeated prayers, KSEBL knowledgeable about their intent to scale back agreed tariff price from INR 2.97/Kwh to INR 2.44/kwh. The diminished tariff price was in vary of accessible tariff price from SECI.
After receiving KSEBL’s arbitrary roll again from agreed tariff price to diminished one, NTPC ltd filed a petition to state fee for adoption of agreed tariff price at 2.97/Kwh for the 90MW photo voltaic capability procurement.
Fee’s Evaluation & Choice
Fee noticed that, after receiving respondent’s intention for diminished tariff price, the petitioner mutually provided diminished tariff price at INR 2.77/Kwh for 90MW capability. Additional, it was noticed that provided diminished tariff price INR2.77/Kwh was mutually accepted between petitioner and respondent. Additionally, different L1-bidder of the full 200MW capability, Tata Energy subsidiary, mutually agreed to diminished tariff price at INR2.44/Kwh.
Thus in view of the above context, fee agreed in approving of diminished tariff price at INR2.77/Kwh for total 90MW solar energy procurement from NTPC’s Anta Photo voltaic PV plant. Fee additionally famous any incidence of change-in-law occasion and its affect on the challenge, can be determined by the fee.
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