Daily News Wrap-Up: APTEL Allows 289-Day Extension for POWERGRID’s Transmission Project

UPERC approves Uttar Pradesh Power Corporation's petition to procure 2,000 MW of solar power

August 20, 2024

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The Appellate Tribunal for Electricity (APTEL) has ruled that the POWERGRID Southern Interconnector Transmission System is entitled to an extension of 289 days for the completion of a transmission project, acknowledging that the delay was due to “force majeure” events. The Central Electricity Regulatory Commission has been instructed to pass a fresh order, considering the appellate authority’s observations. The Commission has been given two months to complete this process.

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a petition by the Uttar Pradesh Power Corporation (UPPCL) to procure 2,000 MW of solar power. The government has targeted achieving 500 GW of non-fossil-based installed power capacity by 2030. UPPCL has proposed procuring 2,000 MW of solar power to contribute to this goal. The tender documents were prepared per the Ministry of Power’s guidelines for tariff-based competitive bidding for solar projects. These projects are expected to be set up on a build, own, operate, and maintain (BOOM) basis, with a 25-year PPA duration. The Uttar Pradesh Solar Policy 2022 will apply to these projects, providing various benefits to developers.

Punjab Energy Development Agency has issued a request for selection for developing 264 MW of solar projects to solarize 75,000 grid-connected pumps under Component-C of the PM-KUSUM program. The 66 projects, each with a capacity of 4 MW, will be near 66 evacuating substations and associated 11 KV transmission lines. The scope of the work covers the design, survey, supply, installation, testing, and commissioning of the projects through the Renewable Energy Service Company mode. The successful bidders must operate and maintain the projects for 25 years. The scope also includes integrating project RMS data with the PM-KUSUM program portal.

The National Institute of Solar Energy (NISE) has invited proposals to develop testing facilities, infrastructure, and institutional support to develop standards and regulatory frameworks under the National Green Hydrogen Mission. Proposals are invited from government and private entities. NISE will provide the Central Financial Assistance for the project. The last date to submit the proposal is September 14, 2024. The main objective of the call is to develop state-of-the-art testing facilities for various components, technologies, and processes involved in the production, storage, transportation, and utilization of green hydrogen and its derivatives.

NTPC Green Energy has floated a tender for the sale of 100,000 carbon credits of Verified Carbon Standard (VCS)-registered wind and solar projects of 610 MW capacity. The last date to submit bids is September 12, 2024, and bids will be opened on September 13. Bidders must offer the lump sum price for the 100,000 carbon credits exclusive of the issuance fee to be paid to VERRA/VCS Board and other applicable charges and taxes. In return, NTPC will sign an Emission Reduction Purchase Agreement with the successful bidder.

The Chandigarh Renewable Energy and Science & Technology Promotion Society has invited bids for installing grid-connected rooftop solar systems with a cumulative capacity of 1.5 MW at government-owned residential buildings in Sectors 27 and 46. The last date to submit bids is September 5, 2024. Bids will be opened the next day. The scope of work includes a rate contract for the design, manufacture, supply, erection, testing, and commissioning, including warranty, operation, and ten-year maintenance of the rooftop solar systems with capacities from 2 kW to up to 5 kW.

Rajasthan-based smart metering solutions company Genus Power Infrastructures has announced that its subsidiary has been awarded smart meter contracts worth ₹29.26 billion (~$348.6 million). These contracts involve designing, supplying, installing, and commissioning an Advanced Metering Infrastructure system. This includes deploying approximately 3.75 million smart prepaid meters and system meters, along with distribution transformer meters for energy accounting on a design, build, finance, own, operate, and transfer basis.

Government-owned power generation company SJVN recorded a 31.36% year-over-year (YoY) rise in net profit in the first quarter (Q1) of the financial year (FY) 2025 to ₹3.56 billion (~$42.44 million) from ₹2.71 billion (~$32.30 million). The company’s revenue also rose 28.76% YoY to ₹9.58 billion (~$114.21 million) from ₹7.44 billion (~$88.70 million). Sales worth ₹7.95 billion (~$94.77 million) were recorded from hydropower during the quarter against ₹6.38 billion (~$76.06 million) in the previous year’s corresponding quarter. Sales from renewable energy (wind and solar power) amounted to ₹558.3 million (~$6.65 million) against ₹309.1 million (~$3.68 million) in Q1 FY24.

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