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CERC Approves Tariffs for 1,530 MW of Renewable Energy Procured by NTPC

The Central Electricity Regulatory Commission (CERC) has approved tariffs ranging from Rs 4.64/kWh to Rs 5.25/kWh for 1,530 MW of renewable energy procured by NTPC through a competitive bidding process. The Commission also sanctioned a trading margin of Rs 0.07/kWh, conditional on financial security provisions.

NTPC’s Competitive Bidding Process

• Total Procurement Target: 3,000 MW of grid-connected firm & dispatchable renewable energy
• Bidding Outcome:
  • Qualified Bidders: 10 bidders offering 1,980 MW
  • Contracts Awarded: 1,584 MW, with 1,530 MW finalized after ACME declined 54 MW
• Winning Bidders Include:
  • ABC CleanTech
  • Juniper Green Energy
  • BN Dispatchable-1
  • Hero Solar Energy
  • ReNew Solar Power
  • Serentica Renewables
  • Tata Power Renewable Energy

The projects’ power purchase and sale agreements (PPA & PSA) will be signed for 25 years.

CERC’s Analysis & Conditions

• Transparency & Compliance: The Commission confirmed that NTPC followed a transparent, competitive bidding process as per government norms.
• Tariff Adoption: Approved despite pending PPAs & PSAs, conditional on their finalization.
• Trading Margin: Rs 0.07/kWh, but capped at Rs 0.02/kWh in the absence of proper financial security measures (e.g., escrow or irrevocable letter of credit).