POWER

NTPC Gets Tariffs Approved for 3 GW Solar Projects From 2015-16

The Central Electricity Regulatory Commission (CERC) has approved the tariff obtained by NTPC ltd for 3000 MW (3 GW) of solar projects for which it had issued the Request for Selection (RfS) documents during 2015-16. The projects which were tendered during 2015-16 and successfully awarded latest by 2017 under Batch-II of the State Specific Bundling Scheme under National Solar Mission of the Ministry of New and Renewable Energy (MNRE), have already been commissioned.

The projects have been set up in Andhra Pradesh, Karnataka, Rajasthan, Telangana, and Uttar Pradesh, and NTPC as the intermediary procurer has already executed (and is honouring) both Power Purchase Agreements (PPAs) for procurement of power with the Solar Power Developers (SPDs) and Power Sale Agreements (PSAs) with Distribution Licenses (Discoms) for sale of power, all before getting the tariffs approved the CERC as per provisions of the Electricity Act.

NTPC Ltd, only in May 2020, had filed a petition with CERC for the approval of tariffs it obtained for the projects.

Background:

The first phase of the National Solar Mission launched in 2010 provided for a mechanism of ‘bundling’ of then relatively expensive solar power with thermal power (from the unallocated quota of the Government of India as regards power generated at NTPC coal-based generating station), which was relatively cheaper, in the ratio of 2:1 basis (2 MW of solar power with 1 MW of thermal power) for onward sale of the bundled power to the Distribution Licensees at an affordable price.

Source
saurenergy
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