Dear Patrons & Readers,
Petitioner: GRIDCO Limited
Versus
NVVN Ltd., Department of Energy, Government of Odisha, & others
Background: The Petitioner, M/s GRIDCO Ltd. has filed this application seeking post-facto approval of the Power Sale Agreement (PSA) executed between NTPC Vidyut Vyapar Nigam Ltd. (NVVN Ltd.) and GRIDCO Ltd. on 11.05.2026 for purchase of power from Punatsangchhu-II Hydro Electric Project (HEP), Bhutan (6x170=1020 MW) as per the allocation to eastern region beneficiaries by Eastern Region Power Committee (ERPC).
Commission's View:
The Commission has reviewed the 40-year tariff trajectory, specified in Clause 4.3 of the PSA. It starts at a base rate of Rs 5.17/kWh and scales up to Rs 7.67/kWh. This hydro power provides peak-load support and grid flexibility. It would help GRIDCO fulfil its statutory Hydro Purchase Obligations (HPOs). We find the commercial arrangement reasonable and levelized. Additionally, the Commission has already factored a quantum of 523.78 MU from this station into GRIDCO's approved ARR and BSP Order for FY 2026-27.
In view of the above observations, the Commission is inclined to accord post-facto approval to the Power Sale Agreement (PSA) dated 11.05.2026, executed between M/s GRIDCO Ltd. and M/s NVVN Ltd. for procurement of 104 MW of power from the Punatsangchhu-II НЕР, Bhutan, subject to the following directives:
i. For FY 2026-27, energy billing must align with the parameters and charges approved in the ARR & BSP orders dated 24.03.2026.
ii. All interstate transmission charges, RLDC fees, and regional losses from the Alipurduar delivery point up to the GRIDCO drawl point must strictly follow the CERC Regulations.
iii. Any future changes to the base tariff or protocol terms made by the Government of India and the Royal Government of Bhutan must be brought before this Commission immediately for review and approval.
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