Petition for Adoption of 6000 MWh Peak Power from ISTS- connected Renewable Energy Power Projects with Energy Storage System anywhere in India – EQ
Summary:
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**Key Regulatory Developments:**
1. **Compliance with Previous Orders:** SJVNL informed the Commission that it has complied with directions from the January 21, 2026 hearing. It filed an affidavit on February 4, 2026, providing details regarding the competitiveness of the discovered tariff.
2. **Power Sale Agreement (PSA) Progress:**
– SJVNL has entered into a PSA with **Bihar** on February 12, 2026, for a portion of the capacity.
– Out of the total 1500 MW capacity, **450 MW has been tied up** under an executed PSA.
– Discussions are at an **advanced stage** with DISCOMs of **Tamil Nadu, Kerala, and other States** for the balance capacity.
**In essence:** SJVN is moving forward with a major national-level procurement of assured peak power from renewable sources with storage. The project has secured its first PSA with Bihar for 450 MW and is in advanced talks with other states. CERC is scrutinizing the tariff reasonableness and PSA documentation before formally adopting the tariff.
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### Detailed Summary of the CERC Proceedings
This document is a “Record of Proceedings” from the Central Electricity Regulatory Commission (CERC) for Petition No. 31/AT/2026, filed by SJVN Limited.
#### The Petition
– **Petition No.:** 31/AT/2026
– **Subject:** Petition under Section 63 of the Electricity Act, 2003, for the adoption of tariff discovered through a competitive bidding process. The procurement is for the supply of **6000 MWh (1500 MW x 4 hours) of Assured Peak Power** from Inter-State Transmission System (ISTS)-connected Renewable Energy (RE) power projects with Energy Storage Systems (ESS), located anywhere in India.
– **Petitioner:** SJVN Limited (SJVNL)
– **Respondents:** Reliance NU Energies Private Limited & Ors. (successful bidders).
#### Proceedings and Key Directives
The hearing took place on **February 24, 2026**, before a Coram of three CERC Members: Shri Ramesh Babu V., Shri Harish Dudani, and Shri Ravinder Singh Dhillon. The Petitioner was represented by a team of advocates from SJVN, and the respondents (ACME Solar) were also represented by their counsel.
**1. Compliance with Previous Directions:**
The learned counsel for the Petitioner submitted that SJVNL has duly complied with the directions issued in the previous Record of Proceedings dated **January 21, 2026**. They have placed on record the details regarding the competitiveness of the discovered tariff via an affidavit dated **February 4, 2026**.
**2. Status of Power Sale Agreements (PSAs):**
The counsel informed the Commission that SJVNL has obtained consent from various DISCOMs. A significant milestone achieved was the execution of a Power Sale Agreement (PSA) with **Bihar** on **February 12, 2026**.
**3. Capacity Tied Up (Commission’s Query):**
In response to a specific query from the Commission regarding the quantum of capacity that has been tied up, the counsel provided the following update:
– **Executed PSA:** 450 MW out of the total 1500 MW capacity has been tied up (with Bihar).
– **Balance Capacity:** Discussions are at an **advanced stage** with DISCOMs of **Tamil Nadu, Kerala, and other States**.
**4. Directions by the Commission:**
After considering the submissions, the Commission directed the parties to submit the following information **on affidavit within two weeks**:
– **(a) Tariff Reasonableness Certification:** The Bid Evaluation Committee must submit a certification to the effect that the discovered tariff is reasonable.
– **(b) Signed PSAs:** The Petitioner (SJVNL) must submit copies of the PSAs signed with the concerned DISCOMs.
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