Petition of Adoption of the Tariff and approval of the PPA for Short-Term procurement of 3 MW RTC power – EQ
Summary:
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## **Case Details**
* **Commission:** Maharashtra Electricity Regulatory Commission (MERC)
* **Petitioner:** *Nidar Utilities Panvel LLP (NUPLLP)*
* **Respondent:** *Manikaran Power Limited (MPL)*
* **Case No.:** 169 of 2025 with IA No. 80 of 2025
* **Order Date:** 21 August 2025
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## **Petition Summary**
* **Request:**
1. Adoption of tariff **₹5.35/kWh** (Maharashtra STU Periphery) for:
* 3 MW RTC power (Aug 1, 2025 – Jul 31, 2026)
* 2 MW RTC power (Nov 1, 2025 – Oct 31, 2026).
2. Approval of **PPA signed with MPL**.
3. Permission to procure additional short-term power if required.
* **Context:**
* NUPLLP is a **deemed distribution licensee** for Panvel SEZ (since 2017).
* Current load ~13 MW.
* Existing PPAs with Vayunandana Power, GMR Energy Trading, Vindhyachal Hydro.
* Short-term procurement floated on **DEEP Portal** (June 2025) under MoP bidding guidelines.
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## **Bidding & Price Discovery**
* **RfP issued:** 14 June 2025 (DEEP Portal, MSTC).
* **Bidders:**
* Manikaran Power Ltd (MPL) – Intra-state.
* Adarsh Stainless Pvt Ltd (ASPL) – Inter-state.
* **Price Discovery (after e-RA on 26 June 2025):**
* MPL: **₹5.35/kWh** (3 MW + 2 MW supply).
* ASPL: **₹5.85/kWh**.
* **LoA issued:** 1 July 2025 to MPL.
* **PPA signed:** 7 July 2025, subject to MERC approval.
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## **Commission’s Analysis**
* Compared MPL’s rate (₹5.35/kWh) with:
* Previous MERC-approved tariffs (₹5.65–6.60/kWh for short-term RTC).
* Recent DEEP Portal bids (range ₹4.18–10.99/kWh).
* Found ₹5.35/kWh to be **competitive and reasonable**.
* Emphasized Section 63 of EA 2003: mandates adoption of transparently discovered tariffs.
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## **Final Order**
1. Petition **allowed** and IA disposed.
2. **Tariff adopted:** ₹5.35/kWh at Maharashtra STU periphery.
3. **PPA approved** (3 MW Aug 2025–Jul 2026; 2 MW Nov 2025–Oct 2026).
4. NUPLLP allowed to procure **additional short-term power** via bidding/exchanges if demand exceeds contracted quantum.
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## **Key Takeaways**
* **Tariff Benchmark:** ₹5.35/kWh considered fair against current short-term RTC market prices.
* **Approval Scope:** Covers both PPA and future flexibility for NUPLLP.
* **Strategic Note:** MERC stresses competitive bidding via DEEP Portal as the standard mechanism.
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