MERC Approves Tariffs For a Combined 633 MW of Solar Power in Maharashtra

Last Week for a busy week for Maharashtra, with approvals for close to 633 MW of solar power procurement to meet Maharashtra State Electricity Distribution Company Limited (MSEDCL’s) Renewable Purchase Obligations (RPO) for the state. MSEDCL, which has been procuring just about 3.5 percent of its power requirements from Solar, needs to ramp it up to 12.5 percent by 2024-25.

The MSEDCL had originally looked to procure 500 MW of solar power, but after a poor response to its tender, with only 350 MW offered up, it filed a petition with the Commission accordingly. Seeking a tariff for the long-term (25 years) procurement of 350 MW of grid-connected intrastate solar projects (Phase-V). Bringing to a close the tender floated in December 2019.

MSEDCL is falling short of its RPO targets by 3,486 million units (MU) until FY 2018-19 when the target was only 3.5%.

Tata Power Renewable Energy Limited with its bid for 100 MW at Rs 2.90, and Avaada Energy Private Limited with its own 250 MW bid at Rs 2.90 thus got the bids.

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