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PSERC Adjourns Hearing on PSPCL Petition Seeking 300 MW Solar Power

PSERC Adjourns Hearing on PSPCL Petition Seeking 300 MW Solar Power

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Chandigarh: Punjab State Power Corporation Limited (PSPCL) filed a petition to Punjab State Electricity Regulatory Commission (PSERC) for approval of procurement of 300 MW Solar Power on Long Term basis under the Power Sale Agreement.

The commission has adjourned the hearing of the present petition to July 14, 2021 at 11:00 AM. The petitioner seeks approval for procurement of solar power from NHPC as per the power sale agreement of October 16, 2020 executed between PSPCL and NHPC at the tariff of Rs 12.56/kWh plus an applicable trading margin. Both parties agreed to the trading margin of Rs 0.07/kWh.

The commission conducted the hearing of the petition on May 5, 2021. NHPC filed petitions to CERC and Hon’ble APTEL regarding trading margins. The petition was adjourned because of the pendency of the matter concerning the trading margin with the CERC and Hon’ble APTEL.

The petition quoted that the tariff of Rs 2.63/kWh including the trading margin is competitive and less than the prevailing rate in the market. NHPC’s learned counsel submitted that the trading margin is as agreed between the parties.

It further said that e project from where the Solar Power is to be procured is situated in Rajasthan and power to determine the trading margin lies with the CERC. Click here for further details.

Anand Gupta Editor - EQ Int'l Media Network