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The Haryana Power Purchase Centre (HPPC) filed a petition seeking approval for procuring 800 MW of renewable energy from Satluj Jal Vidyut Nigam (SJVN) Limited. This renewable energy will come from Inter-State Transmission System (ISTS)-connected projects equipped with energy storage systems. The proposed rate for this energy is ?4.45 per kilowatt-hour, including a trading margin, over 25 years.
HPPC’s petition highlights the need for reliable and sustainable power sources to meet Haryana’s growing energy demands. HPPC is a joint forum of Haryana’s distribution licensees responsible for power purchase and trading. The petition underscores the challenges faced in securing thermal power under long-term agreements and emphasizes the advantages of hybrid power sources, such as those offered by SJVN.
In the competitive bidding process initiated by SJVN, a total of 1,500 MW of renewable energy was offered, with the option to increase this capacity by another 1,500 MW. The energy provided by SJVN is expected to have a minimum Capacity Utilization Factor (CUF) of 70%, which is comparable to the Plant Load Factor (PLF) of thermal power plants. Moreover, SJVN is obligated to ensure at least 90% availability of this energy during peak hours, defined as two hours each in the morning and evening.
The Commission conducted a hearing on June 6, 2024, where both parties reiterated their written submissions. The Commission noted that the Power Supply Agreement (PSA) between HPPC and SJVN was already signed on April 5, 2024. This agreement is valid for 25 years, with a potential extension of up to 35 years, subject to the Commission’s approval.
HPPC highlighted that the renewable energy from SJVN would help meet Haryana’s Renewable Purchase Obligations (RPOs) and provide cleaner, more affordable electricity to consumers. This move aligns with the state’s mandate to increase the share of renewable energy in its overall energy mix. The energy procured from SJVN is also expected to address the projected power deficits, which could range from 500 MW in 2027-28 to 6,000 MW in 2037-38.
The Commission took into account the existing regulations and the urgent need for renewable energy in Haryana. The approval of the PSA and the procurement plan is seen as a step towards ensuring uninterrupted power supply and fulfilling RPOs. Additionally, the energy storage systems associated with these projects will help manage demand during peak periods and contribute to the base load.
Ultimately, the Commission granted the requested approvals, considering the broader interest of Haryana’s electricity consumers. This decision supports HPPC’s ongoing efforts to secure reliable and sustainable power sources, ensuring the state’s energy needs are met in an efficient and environmentally friendly manner.
This approval marks a significant step towards enhancing Haryana’s energy security and sustainability. The renewable energy sourced from SJVN, combined with energy storage systems, is expected to provide a stable and cost-effective power supply, benefiting both the consumers and the environment. |
