Revised draft for PSA for grid connected Solar PV

Solar Energy Corporation of India (SECI) announces a revised draft for Power sale agreement of 33kV and above grid connected Solar PV power under JNNSM Phase –II, Batch- I.Some of the highlights of the drafts are as follow:

• SECI has agreed to sell power to the Buying Utilities at Rs. 5.50/kWh (including trading margin of Rs. 0.05/ kWh) fixed for the entire term of this Agreement.
• All charges pertaining to open access of the transmission network of the concerned STU/CTU/ any other Transmission Utility from the Delivery Points to the receiving substation(s) will have to be directly paid by the Buying Utility.
• The Buying Utility is liable to bear all the losses including transmission losses in respect of the power evacuated from the Delivery Points to its receiving substation(s).
• Regulation of Power Supply will be on pro rata basis i.e., in the ratio of amount due and unpaid to total amount due against the relevant Monthly Bill. In case of shortfall in amount of LC available, the right to regulate shall be in the ratio of shortfall in LC maintained /available to the total amount of LC required.
• SECI can divert the Solar Power or part and sell it to any third party
• The payments to be made by the Buying Utility to SECI for the Solar Power in a Monthly Invoice will comprise of amounts to be realized for Solar Power.

For further information, please refer to the attachment: