CERC adopts Rs 3.13/kWh tariff for FDRE projects, flags greenshoe use
The Central Electricity Regulatory Commission (CERC) has adopted a tariff of Rs 3.13 per kWh for 1,200 MW of ISTS-connected solar projects, coupled with 600 MW/2,400 MWh Energy Storage Systems (ESS), discovered through a competitive bidding process conducted by NHPC Limited. The Commission, however, restricted part of the additional capacity allocation under the ‘Greenshoe Option’…