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Rajasthan Urja Vikas Nigam Restricted (RUVNL) has efficiently secured the extension of energy buy agreements (PPAs) for 12 wind power mills below the purview of the Rajasthan Electrical energy Regulatory Fee (RERC) (Phrases & Circumstances of Tariff dedication from Renewable Vitality Sources) Laws, 2020. The PPAs had been executed for a specified interval with numerous mills working wind energy vegetation in numerous areas of Rajasthan. Because the expiry dates of those agreements drew close to, RUVNL took the proactive step of submitting a petition for his or her extension.
Crucially, the mills in query conveyed their consent for the extension of PPAs, explicitly stating their settlement with the tariff fee of ₹2.44 per kWh. This fee had been beforehand permitted by the RERC based mostly on a tariff-based aggressive bidding course of performed by the Photo voltaic Vitality Company of India (SECI). In line with the provisions throughout the PPAs, the extension interval may span as much as 5 to 10 years, topic to mutual settlement and the approval of the Fee.
Fee’s Observations and Order
Upon cautious consideration of the submissions, replies, rejoinders, and oral arguments from each the petitioner (RUVNL) and the respondent energy mills, the Fee made a pivotal resolution. It affirmed that distribution licensees have the discretion to acquire energy from renewable power initiatives. Nonetheless, for this specific extension, the distribution licensee should agree with renewable power undertaking builders in the course of the prolonged interval. These phrases must be mutually agreed upon and subsequently permitted by the Fee.
The Fee has ordered the extension of the PPAs for the respondent energy mills for an extra 5 (5) years past the expiration date of their current PPAs. The agreed-upon tariff for this prolonged interval is about at ₹2.44 per kWh, aligning with the sooner SECI-approved fee. As a part of the Fee’s directive, RUVNL and the respondents are inspired to formalize these extensions by Supplementary PPAs, whereas the petition is disposed of.
This resolution not solely offers much-needed stability to the renewable power sector in Rajasthan but in addition underscores the significance of mutual agreements and regulatory help in advancing the state’s dedication to scrub and sustainable power sources. It’s anticipated to pave the way in which for continued progress and funding in renewable power initiatives throughout the area.
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