Merchant Renewable Energy Plants Get Fillip From CERC

Merchant Renewable Energy Plants Get Fillip From CERC

Power regulator Central Electricity Regulatory Commission (CERC) has paved way for serious merchant renewable power plants by issuing guidelines for long-term transmission access while prescribing stringent rules against squatting and line underutilisation.

The commission has issued detailed procedure for grant of long- and medium-term transmission access to renewable energy project that has acquired half of its land requirement and achieved financial closure. The bank guarantee amount for granting grid connectivity has also been raised.

The connectivity procedure had became as because earlier renewable energy projects were connected to state transmission units and not directly to the inter-state transmission system. Developers had last week strongly urged that forthcoming NTPC and Solar Energy Corporation of India auctions be postponed till such guidelines were finalised. There were also concerns a large numbers of applicants are squatting on connectivity bays allotted at power evacuation substations. CERC has now put safeguards to ensure connectivity with the grid is granted only to serious players who are in possession of land and have achieved financial closure. Read More

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