New Delhi: Reliance Infrastructure-owned power discoms in Delhi today announced they have signed an agreement with Solar Energy Corporation of India (SECI) for sourcing 100 Megawatt power each at a rate of Rs 2.84 per unit for the next 25 years.The power is expected to be available to the discoms –BSES Yamuna (BYPL) and BSES Rajdhani (BRPL) -- from 2020-21 for 25 years at Rs 2.84 per unit, including the trading margin. The power will be procured though SECI, which will act as an intermediary procurer, the company said in a statement.
“Renewable energy is critical 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 said.
The two companies had earlier signed agreements to procure 250 Mw and 150 Mw of wind power respectively. The latest pact takes the total quantum of wind energy tied-up by the discoms to 600 Mw.
From the existing agreement, 50 Mw of wind power has already started flowing from October 2018 and additional 50 Mw is expected to be available over the next couple of months. The remaining power is expected to start flowing beginning November 2019.
The company said the tariff under the latest agreement is among the lowest for wind power and is substantially lower than the average cost of long-term PPAs at around Rs 4.5 per unit. This agreement will also help BSES discoms fulfil their Renewable Purchase Obligations (RPOs) and help increase the share of renewables to 23 per cent of total capacity by 2020-21.