Tneb Power Purchase Agreement

The Tamil Nadu government filed a petition with the Supreme Court against the order of the Electricity Appeals Court (APTEL) of 21 January 2014. The decision stipulates that the state government is not subject to the Solar Electricity Obligation (SPO) for a specific category of consumers (applicable to all companies obliged except TANGEDCO) when there is more… In its petition to the Tamil Nadu Electricity Regulatory Commission (TNERC), Tangedco had requested a two-year extension, citing an increase in electricity demand. TNERC had voted in favour of extending the PPAs by two years over the medium term to $3.5 per unit. In a commentary on the AAE, Mr Ketan Mehta, Chief Executive Officer, Rays Power Infra, said: “Tamil Nadu is an increasingly important market for us, especially due to the interest and support for renewable energy projects in the region. The signing of this PPP is a turning point for us, as it will help us harness the state`s existing solar potential while using the best of our innovative technology and skilled workforce. We look forward to completing this project on time and giving tangERCO the best. According to reports, Tamil Nadu`s ambitious solar policy, once adopted as a cheerleader for the promotion of solar energy in the state, has been overturned by the Court of Electricity Appeals (ApTel). Im Rahmen der Solarpolitik war bis 2015 eine Kapazit-tserweiterung um 3000 MW vorgesehen. “Solar Purchase Obligation (SPO)”; Read more… As a result of this project, Rays Power Infra will significantly increase its portfolio of contract projects in India to more than 500 MW and will make significant progress in the next fiscal year in meeting the target of generating 300 MW of electricity through its solar power projects in the following fiscal year.

Rays Power Infra continues to use its extensive project experience and cutting-edge technical know-how to provide customers with innovative, environmentally friendly and cost-effective solutions for solar energy technology. Tamil Nadu Electricity Regulatory Commission (TNERC) recently published a draft regulation on RPO`s objectives for the GJ15-FY16. The objectives proposed by the Commission are: Column 1 column 2 column 3 years minimum of the total obligation to buy renewable energy in % old age (in terms of energy in kWh) Read more… Tangedco had previously entered into a medium-term power purchase agreement with Jindal Power Ltd and Adani Enterprises Ltd for the purchase of 200 MW of electricity for a five-year period from September 1, 2012 to August 31, 2017. The rate of electricity from the Jindal power plant, Chhattisgarh, was about $4.92 per unit and the Gujarat power plant was close to $5 per unit. The distribution company had also entered into a medium-term power purchase agreement with NETS for the purchase of 100 MW from Lanco Anpara Power Ltd, Uttar Pradesh, for a five-year period from February 1, 2012 to January 31, 2017, for $4.88 per unit. Tamil Nadu Generation and Distribution Corporation has entered into contracts with 16 solar power companies to purchase electricity for the supply of 1,500 MW of solar electricity.

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