RENEWABLE ENERGY

Karnataka Regulator Reduces Tariff for 60 MW of Adani Green’s Delayed Solar Projects

The Karnataka Electricity Regulatory Commission (KERC) has denied Adani Green Energy (UP) Limited’s requests for relief under the force majeure clause of its power purchase agreement (PPA) with the Bangalore Electricity Supply Company Limited (BESCOM). The clause was invoked for delays in the completion of 60 MW of solar projects in the state.

Background: 

Adani Green had filed three petitions with the Commission asking it to declare that the company was prevented from carrying out its contractual obligations as per its PPAs with BESCOM due to force majeure events.

The company said that it was selected to develop 20 MW of solar projects each in the Tiptur taluk of Tumakuru district, the KR Pet taluk of Mandya district, and the Gubbi taluk of Tumakuru district. The tariff for the Tiptur and Pet projects was set at ₹4.84 (~$0.0658)/kWh, while the tariff discovered for the Gubbi project was ₹4.82 (~$0.0656)/kWh.

Source
mercom india
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