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SECI Petitions for Tariff Adoption for Solar PV Power Projects

-SECI files petition under Electricity Act, 2003, seeking tariff adoption for Solar PV Power Projects connected to ISTS.

-The bidding process initiated by SECI for 2,000 MW capacity resulted in the selection of seven bidders after reverse auction.

– SECI signed PPAs for 1,400 MW capacity and approached the Commission for tariff adoption for the remaining 300 MW capacity.

-The Commission observes a transparent bidding process and restricts tariff adoption to 1,400 MW, allowing SECI to seek adoption for remaining capacity.

-SECI requests recognition of Change in Law events, including customs duty and GST, with support from involved parties during the hearing.

-Commission reserves matter for further order, affirming transparency of the bidding process and consensus among involved parties.

Originally published on Solar Quarter

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