RENEWABLE ENERGY

BEST to Procure 400 MW of Wind Solar Hybrid Power from SECI

The Maharashtra Electricity Regulatory Commission (MERC) has approved Brihanmumbai Electric Supply and Transport Undertaking’s (BEST) to procure 400 MW wind-solar hybrid power from Solar Energy Corporation of India (SECI).

In a petition, BEST had asked MERC’s approval to sign Power Sale Agreement (PSA) for 400 MW of wind-solar hybrid power from SECI at a tariff of ₹2.41 (~$0.0326)/kWh discovered through competitive bidding plus SECI’s trading margin of ₹0.07 (~$0.0094)/kWh for 25 years.

The power was to be procured from SECI’s 1,110 MW interstate transmission (ISTS) connected wind-solar hybrid power projects (Tranche-III). In the auction held in December 2020, ABC Renewable Energy, a subsidiary of Axis Energy, was awarded 380 MW of projects, Adani Renewable Energy Holding Eight Limited was awarded 600 MW, and AMP Energy was awarded 130 MW for ₹2.41 (0.0326)/kWh. ACME Solar quoted ₹2.42 (~$0.0327)/kWh for 300 MW of projects but was only awarded 90 MW under the bucket-filling method.

Initially, SECI had approached BEST for 600 MW of wind-solar hybrid power at ₹2.41 (0.0326)/kWh plus SECI’s trading margin of ₹0.07(~$0.0094)/kWh. However, BEST consented to the signing of PSA for 400 MW.

Source
Mercom India
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