The Himachal Pradesh Electricity Regulatory Commission (HPERC) has approved Himachal Pradesh State Electricity Board Limited (HPSEBL) to procure 550 MW of ISTS-connected solar power from the Solar Energy Corporation of India (SECI) for 25 years at a tariff of Rs 2.56 per kWh, with an additional trading margin of Rs 0.07 per kWh payable to SECI.
This power procurement is part of SECI’s 1,500 MW ISTS-connected solar power projects tender (Tranche XIII). The power will be supplied by Sunsure Solarpark Fourteen (300 MW) and Tejorupa Renewables India Project (250 MW), both of which won the auction in March 2024.
HPSEBL highlighted a growing demand-supply gap in the state’s power sector, acknowledging the need for additional power to meet increasing demand. The tariff was determined through a transparent bidding process per Ministry of Power guidelines.
HPERC also approved a Rs 0.07 per kWh trading margin for SECI, referencing similar tariffs for SECI’s Wind-Solar Hybrid Power Projects (Tranche-VII). However, if SECI fails to provide financial securities to developers, the margin will be reduced to Rs 0.02 per kWh. Developers will also bear additional transmission charges beyond the 50% waiver if projects are delayed.