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Dear Patrons & Readers, 

The petition of NTPC Limited before the Honb’le CERC has been approved by the Central Regulator on 24 th September 2024. NTPC had made following prayers:

  • Adopt the tariff discovered in the tariff based competitive bid process for the power projects as stated above on the terms and conditions contained in the LoAs dated 24.01.2024 issued to M/s Anboto Solar Private Limited, M/s Apraava Energy Private Limited, M/s Avaada Energy Private Limited and ReNew Solar Power Private Limited; and
  • Approve the trading margin of INR 0.07/kWh;
  • Pass any such order as this Commission deems just and proper in the nature and circumstances of the present case.

CERC’s Analysis & Decision:

It emerges that the selection of the successful bidders has been done, and the tariff of the Solar Power Projects has been discovered by the Petitioner, NTPC, through a transparent process of competitive bidding and in accordance with the Guidelines issued by the Ministry of Power, Government of India. Therefore, in terms of Section 63 of the Act, the Commission adopts the individual tariff in terms of the LoAs dated 24.1.2024 for the Solar Power Projects, as agreed to by the successful bidders as under, subject to the Petitioner tying up the balance awarded capacity under the PPAs and PSAs:

  • Anboto Solar Private Limited: 300 MW @ INR 2.60/kWh.
  • Apraava Energy Private Limited: 300 MW @ INR 2.65/kWh.
  • Avaada Energy Private Limited: 500 MW @ INR 2.65/kWh.
  • ReNew Solar Power Private Limited: 600 MW @ INR 2.65/kWh.

In the present case, the distribution licensee, MSEDCL, has agreed to a trading margin of Rs.0.07/kWh as agreed in the PSA, which is in consonance with Regulation 8(1)(d) of the Trading License Regulations. For the balance capacity also, the trading margin shall be as per the provisions of the PSAs to be entered into between NTPC and the distribution licensees. However, in case of failure by the

NTPC to provide an escrow arrangement or irrevocable, unconditional, and revolving letter of credit to the solar generators, the trading margin shall be limited to Rs.0.02/kWh specified in Regulation 8(1)(d) and Regulation 8(1)(f) of the Trading License Regulations.


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