Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) has successfully obtained approval from the Rajasthan Electricity Regulatory Commission (RERC) for a landmark initiative. They are now authorised to procure electricity from ten solar photovoltaic plants over a span of 25 years, as part of Component-C, feeder level solarisation, within the ambitious Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan Scheme (PM-KUSUM). This significant development follows an exhaustive evaluation of JDVVNL’s application submitted under Section 63 of the Electricity Act, 2003, by the regulatory commission.
The RERC has set a ceiling tariff of Rs 3.55 per kWh for these solar projects, as part of Component-C under the PM-KUSUM Scheme. The commission has emphasised that this ceiling tariff should be utilised by distribution companies in forthcoming bidding processes. However, these companies are expected to continually assess market conditions before each bidding round.
Notably, in October 2023, the RERC had granted approval to Rajasthan Urja Vikas Nigam Limited (RUVNL) for an average tariff of Rs 4 per kWh, allowing them to purchase power from Solar Energy Corporation of India’s 490 MW hybrid power projects, which combine solar and pumped storage technologies.
Furthermore, in September 2023, the RERC had also given its nod to RUVNL for a five-year extension of the power purchase agreement with twelve wind power generators. This series of approvals underscores Rajasthan’s commitment to renewable energy and its efforts to diversify its energy portfolio.Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter , Instagram.