Karnataka’s electricity regulator has refused to approve the power purchase agreements (PPAs) for wind power projects that were commissioned before March 31, 2017, without a fresh tariff reduction of 17% to Rs 3.74/unit. The decision would impact 242.5 MW of wind power plants with a capital cost of about Rs 1,350 crore in the state. Apart from Indian companies such as Suzlon and Inox, the decision would adversely affect projects of foreign companies such as Siemens Gamesa and Green Infra.
The wind energy-independent power producers’ association has already filed a petition with the Appellate Tribunal for Electricity (Aptel) challenging the Karnataka regulator’s order. The ministry of new and renewable energy (MNRE) had asked the states to honour the terms of PPAs with renewable energy producers after a series of instances of states/regulators seeking changes in terms of PPAs already signed. Sources said the projects concerned in Karnataka have been generating power for at least last six months without raising any bills due to lack of clarity on tariffs. Karnataka recently modified its existing wind tariffs through an order dated September 4, even though the control period of the previous tariff was supposed to last till October, 2018. Read More…
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