The Haryana Electricity Regulatory Commission (HERC) has approved a petition for the procurement of power from green energy sources other than solar with the purpose of fulfilling the stipulated renewable purchase obligation (RPO).
The petition, filed by the Haryana Power Purchase Centre (HPPC), Panchkula, sought permission for the letter of intent (LoI) for the procurement of non-solar renewable energy to fulfil their RPO.
The procurement of power will be done on a short-term basis. The firms have been selected in line with the guidelines for the procurement of power by distribution licensees through tariff based bidding process in the short-term (i.e. for a period of more than one day to one year). These guidelines have been issued by the Ministry of Power.
In its petition, HPPC mentioned, “There would a shortfall of 1,248 million units (MUs) to fulfill the non-solar RPO targets fixed by HERC.” The HPPC conducted e-reverse auction based competitive bidding to meet the expected shortfall of non-solar renewable power from May 1, 2018, to October 31, 2018, under short-term arrangement.
PTC India Ltd and Tata Power Trading Company were selected as the providers of power by HPPC. In its order, the HERC observed that the tariff discovered by HPPC has been determined through a transparent process of bidding in accordance with the guidelines issued by the central government.
The HERC also found that the effective rate of renewable power is less than the rate of high cost power being scheduled.
According to Q1 2018 Mercom India Quarterly Market Update, Haryana has a totaled installed power capacity of 11,242 MW.
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.