Delhi electricity distribution company (discom) BSES on Tuesday announced it has signed a power sale agreement (PSA) with the Solar Energy Corp of India (SECI) to procure 200 MW at competitive rates.
In a statement, BSES said that sister discoms BSES Rajdjani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) are going to purchase 150 MW and 50 MW of wind power from SECI “at a very competitive tariff of Rs 2.52 per unit”.
“The power is expected be available to the BSES discoms in about 18 months from now – from the third week of November, 2019 – for a period of 25 years,” it said.
“With this latest agreement, BSES discoms will be getting 300 MW of wind power. Last year, BRPL had signed an agreement to procure 100 MW of wind-power with PTC. This power is expected to be available from November 2018.”
Commenting on the agreement, a BSES spokesperson said: “BSES discoms are committed for the promotion of renewable power in Delhi while ensuring that there is minimal burden on the consumers. We have been procuring energy from all available renewable energy sources at economical rates”.
The discom said the tariff is priced substantially lower than the average cost of long-term power purchase agreements (PPAs), which are above Rs 4.5 per unit. This agreement will help BSES discoms fulfil their Renewable Purchase Obligations.
The statement also said a prudent mix of wind and solar power in the discom’s power portfolio will be helpful in effectively meeting Delhi’s peak power demand.
“Delhi experiences peak power demand twice in a 24-hour period and this wind power being sourced from the coastal area of Gujarat is expected to support the night peak demand,” it added.