The deadline for signing the Power Purchase Agreements (PPAs) for 655 MW of grid-connected solar photovoltaic (PV) projects in the state of Karnataka has been extended to March 28, 2018.
The projects had been auctioned by Karnataka Renewable Energy Development Limited (KREDL).
In the KREDL order, the capacity mentioned for the extension of PPA is 655 MW. However, in the auction, a total of 760 MW of solar PV projects had been auctioned. When contacted for clarification, a KREDL official told Mercom, “100 MW bids were not received, and another 100 MW was under Domestic Content Requirement (DCR) category. So that had to be cancelled keeping in mind the compliance with World Trade Organization (WTO) norms.”
After the auction, Grasim Industries Limited had filed a writ petition with the Karnataka High Court, stalling the process. Grasim Industries’ petition was based on the fact that the initial deposit of ₹1 million (~$15,414) paid by them had not been uploaded in the e-tendering portal due to a technical glitch, rendering them unable to participate.
The Karnataka High Court then put a stay on the auction, asking the respondents to appear before it on February 17, 2018.
On February 17, 2018, the court had adjourned the matter until further proceedings. On February 27, 2018, the writ petition filed by Grasim Industries Limited was dismissed by the Karnataka High Court.
After the removal of the stay order, the winners of the auction had sought extension of time from KREDL to sign PPAs. KREDL has now allowed the winning bidders to enter their PPAs with the distribution companies (DISCOMs) up to March 28, 2018.
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.