SECI and BSES Inks Agreement for 200 MW Wind Energy

The power will be presented to the two discoms from 2020-21 at the price of Rs 2.84 including the trading margin. The two discoms will acquire capacity from SECI which will act as a conciliator purchaser

January 04, 2019. By News Bureau

BSES and BRPL have announced that I has signed an agreement with Solar Energy Corporation of India (SECI) for sourcing 200 MW wind power at Rs 2.84 for 25 years.

The power will be presented to the two discoms from 2020-21 at the price of Rs 2.84 including the trading margin. The two discoms will acquire capacity from SECI which will act as a conciliator purchaser, a company declaration supposed.

“Renewable energy is significant for sustainable growth and BSES is alive to it while ensuring there is minimal burden on the consumers. This allocation of wind power is once again a testament to our efforts,” a BSES spokesperson believed.

The latest agreement takes the overall quantum of the two discom’s wind capacity to 600 MW.

Out of the existing agreement, 50 MW has by now been provided from October 2018 and additional 50 MW is anticipated to be provided from the next couple of months. Rest of the capacity will be provided to the discoms around November 2019.

The company has affirmed that the latest agreement is amid the lowest tariff seen in wind power projects and is significantly lower than than the average cost of long-term PPAs at around Rs 4.5 per unit.

The agreement with SECI will augment discom’s share of renewable energy to 23% of the total capacity and will also assist in gratifying their Renewable Purchase Obligations (RPOs).

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