The Central Electricity Regulatory Commission (CERC) has directed three distribution companies in the state of Rajasthan to pay ₹313.4 million (~$4.4 million) that’s due to NTPC Vidyut Vyapar Nigam Limited (NVVN). The commission has asked the DISCOMs to pay the amount along with late payment surcharge of 1.25% per month on the outstanding amount calculated on a day to day basis.
To facilitate the implementation of Jawaharlal Nehru National Solar Mission (JNNSM), the government had designated NVVN as the nodal agency for the procurement of solar power by entering into PPAs with solar power developers and selling the power bundled with equivalent unallocated MW capacity from NTPC coal stations to the distribution licensees in the country.
In the petition, NVVN states that DISCOMs are required to pay the applicable tariff for the bundled power. It adds that the power sale agreement for the projects provides the monthly tariff payment computation for the bundled power with one of the components expressly provided as the “trading margin.” Read More
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