The Jharkhand State Electricity Regulatory Commission (JSERC) has approved the procurement of 10 MW of solar photovoltaic (PV) power by Jharkhand Bijli Vitran Nigam Limited (JBVNL) from the Solar Energy Corporation of India (SECI).
JBVNL had petitioned the JSERC to approve the power purchase agreement between it had signed with SECI for the procurement of 10 MW of solar PV power. JBVNL had requested the commission to adopt the rate of ₹5.50 (~$0.0789)/ kWh for a period of 25 years for the 10 MW project.
After going through the submissions made by the parties, the commission observed that all the obligated entities of the state should take sincere efforts to procure renewable energy from different sources to fulfill their renewable purchase obligation (RPO) target.
Therefore, the decision of the JBVNL to purchase 10 MW of solar power is in line with its power procurement plan to meet its RPO. Read More