GERC Approves 9 MW Wind-Solar Hybrid Power Procurement at INR 4.13/kWh
The PPA between JIL and O2 Renewable Energy III, facilitates the procurement of 9 MW of wind-solar hybrid power at a tariff of INR 4.13 per kWh.
January 04, 2025. By Abha Rustagi
JIL’s petition to GERC included a request for deviations in procurement guidelines and authorisation to finalise the agreement. Operating under the Special Economic Zone (SEZ) Act of 2005, JIL also holds a distribution license for electricity within its designated area. After previously delaying operations due to low demand, the company is now gearing up for full-scale activity, driven by increasing load requirements. Significant investments, including a 66 kV substation, have been made to ensure reliable power supply within the SEZ.
The company initiated a competitive bidding process to identify its energy partner, adhering to Ministry of Power guidelines. The process, which culminated in a sole bid from O2 Renewables, stressed transparency and competitiveness.
While the tariff was noted to be slightly above those of similar projects, the commission acknowledged its alignment with sustainability goals and the project's high capacity utilisation factor (CUF) of 70 percent, expected to enhance supply stability and reduce costs over time. GERC’s approval will enable the company to establish an eco-friendly and efficient energy framework to power its SEZ.
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