The Maharashtra Electricity Regulatory Commission (MERC) has approved Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) petition for adoption of tariff for procurement of 2000 MW (-20%/+30%) power on long term basis under the International Competitive Bidding Process under Case-1 Stage-2.
- The levelised tariff for the successful bidders as approved by the Commission stands at Rs 2.879/kWh for Emco Energy Limited, Rs 3.260/kWh for Indiabulls Power Limited and Rs 3.280/kWh for Adani Power Maharashtra Limited.
- Importantly, the Commission on scrutinizing the PPAs signed between MSEDCL and the selected bidders, has noticed certain differences from the Standard Bidding Document (SBD), wherein some important clauses as given in the SBD have been either modified or deleted. For instance, a clause in the SBD which calls for the seller to be responsible for maintaining transmission linkage is absent in the PPAs signed by Adani Power and Indiabulls Limted. 8Another important deviation that has been noticed is the difference in scheduled delivery dates for different sellers. Pertinently, for Indiabulls Power Limited and Emco Energy Limited, the scheduled delivery date is mentioned as "not less that four years from the date of PPA being effective" whereas for Adani Power Maharashtra Limited the same is mentioned as "four years from effective date". The SBD requires the procurer to clearly mention the scheduled delivery date in the PPA.
- The Commission has thus asked MSEDCL to submit the final PPAs after incorporating the observations made by the Commission. Also, MSEDCL has been directed to submit a detailed status report of all its competitive bidding process, both completed as well as ongoing along with the status of the said power projects, apart from submitting half yearly progress report of each project under Case 1 Stage 2.
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