Enfinity Secures $135 Million for 1.2 GW of Solar and Wind Projects in India

Coal India Subsidiary Invites Bids for 20 MW of Solar Projects in Odisha

Eos Energy Narrows Loss in Q1 2024, Cuts Direct Material Cost

SJVN’s Subsidiary Invites Bids for 377 MW of Solar Modules

Singareni Collieries Issues Consultancy Tender for 67.5 MW Solar Project

Rajasthan Regulator Approves Tariff for NLC India’s 810 MW Solar Project

IEX Records 9% Jump in Q4 Profits, Trades 1 BU of Green Energy

CERC Issues Draft Deviation Settlement Mechanism Regulations

Goodluck, Arctech, GameChange Solar: Top Module Mounting Firms in 2023

Daily News Wrap-Up: Top Rooftop Solar Installers in 2023


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/11/amazon_polly_60807.mp3?version=1701249809">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Central Electricity Regulatory Commission (<a href="https://cercind.gov.in/index.html" target="_blank" rel="noopener">CERC</a>) has approved an annual transmission charge of ₹248.67 million (~$2.98 million) as per the final offer by <a href="https://www.apraava.com/" target="_blank" rel="noopener">Apraava Energy</a> to acquire Fatehgarh IV Transmission, a special purpose vehicle (SPV).</p>
<p>The SPV was originally formed by <a href="https://www.pfcclindia.com/" target="_blank" rel="noopener">PFC Consulting</a> to evacuate 20 GW of power from a Renewable Energy Zone (REZ) under Phase III-Part A1 in Rajasthan.</p>
<p>However, the Commission clarified that this is subject to granting a transmission license to Fatehgarh IV Transmission.</p>
<p><strong>Background</strong></p>
<p>Fatehgarh IV Transmission filed the petition seeking the adoption of transmission charges for the project as per the provisions of the bid documents.</p>
<p>It also requested that the project be included in the Inter-State Transmission System (ISTS), with the recovery of transmission charges under CERC (Sharing of ISTS Charges and Losses 2020) Regulations.</p>
<p>The Ministry of Power had appointed PFC Consulting as the bid process coordinator to select the transmission service provider via tariff-based competitive bidding.</p>
<p>A tender was <a href="https://www.mercomindia.com/bids-interstate-transmission-system-evacuate-40-gw-renewables" target="_blank" rel="noopener">floated</a> in February 2022, and nine bidders responded to the tender, five of whom were eligible to participate in the e-reverse auction. The initial ceiling for final offers during the reverse auction was set at ₹377.81 million (~$4.53 million) per annum.</p>
<p>Apraava Energy was <a href="https://www.mercomindia.com/apraava-ists-projects-rajasthan" target="_blank" rel="noopener">declared</a> the winner after quoting the lowest bid of ₹248.67 million (~$2.98 million) per annum.</p>
<p><strong>Commission’s analysis</strong></p>
<p>The Commission analyzed the transparent bidding process and certified the selection of the successful bidder. It noted that the quoted tariff is lower than the levelized tariff calculated based on CERC norms, considering the capital cost for the project as assessed by the cost committee.</p>
<p>Based on the analysis, the Commission approved annual transmission charges of ₹248.67 million (~$2.98 million), pending the petitioner being granted a transmission license. These charges will remain valid throughout the transmission service agreement period.</p>
<p>The sharing of transmission charges by designated ISTS customers will follow the CERC (Sharing of ISTS Charges and Losses) Regulations, 2020, subject to amendments.</p>
<p>The petitioner highlighted a Ministry of Power policy incentivizing early commissioning. The policy allows the commencement of transmission charges from the actual Commercial Operation Date (COD) before the scheduled COD. The petitioner aimed to commission elements before the 18-month timeline, requesting consideration for recovering transmission charges from the actual COD.</p>
<p>Since the scope of the present petition is limited to the adoption of tariffs, the Commission stated that the request cannot be considered at this stage.</p>
<p>Subscribe to Mercom’s real-time <a href="https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/" target="_blank" rel="noopener">Regulatory Updates </a>to ensure you don’t miss any critical updates from the renewable industry.</p>


CERC Approves Charges of ₹249 Million for Fatehgarh Transmission Project

transmission-charges-fatehgarh-iv-transmission

Get the most relevant India solar and clean energy news.

RECENT POSTS