Petition for Adoption of the Tariff and approval of PPA for the procurement of 7 MW for meeting its Renewable Purchase Obligation – EQ
Summary:
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## Case Background
* **Petitioner**: *Nidar Utilities Panvel LLP (NUPLLP)* – deemed distribution licensee for Panvel SEZ.
* **Respondent**: *PTC India Limited*.
* **Relief sought**: Adoption of tariff and approval of a **short-term Power Purchase Agreement (PPA)** for **7 MW round-the-clock (RTC) renewable energy** for **1 year (Sep 2025 – Aug 2026)**.
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## Key Facts
* NUPLLP projected demand rising to **~18 MW** by Aug 2025.
* Issued RfP (21 May 2025) for 7 MW RTC renewable power at **Maharashtra STU periphery**.
* **Bids received (June 2025)**:
* **PTC India Ltd (Greta Energy – biomass)** at ₹5.80/kWh
* **Vayunandana Power Ltd (biomass)** at ₹6.42/kWh.
* After e-RA, PTC remained lowest (L1) at ₹5.80/kWh.
* **Letter of Award issued**: 1 July 2025; **PPA signed**: 9 July 2025.
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## Commission’s Observations
* Tariff of **₹5.80/kWh** compares favorably with:
* Previous NUPLLP PPAs (e.g., ₹6.60/kWh in Dec 2024 with Vayunandana).
* Generic biomass tariff (₹6.87/kWh for FY 2025–26).
* Market-discovered tariffs on DEEP portal (ranging ₹5.35–7.90/kWh across states/utilities).
* Biomass RTC supply aligns well with NUPLLP’s **load curve** and helps **fulfill Renewable Purchase Obligation (RPO)** targets.
* Commission recognized risks of relying on exchanges due to **transmission losses (65–80 paise/unit)** and **DSM penalties**.
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## Final Order
1. **Petition allowed**; IA disposed.
2. **Tariff of ₹5.80/kWh adopted** (at Maharashtra STU periphery).
3. **PPA between NUPLLP & PTC approved** for 7 MW RTC renewable energy from **1 Sep 2025 – 31 Aug 2026**.
4. NUPLLP permitted to procure additional short-term power via bidding or exchanges if demand exceeds contracted quantum.
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