NLC India Limited secured Central Electricity Regulatory Commission tariff adoption for 510 MW CPSU Phase II solar projects, with IREDA-led bidding and VGF-based selection upheld.
NLC India solar portfolio had usage charges adopted following CPSU Phase II review.. Image Credit/Source: Markus Spiske/Pexels
The Central Electricity Regulatory Commission (CERC) has approved the adoption of a usage charge of INR 2.45 per kWh for NLC India Limited’s 510 MW solar photovoltaic projects. The projects were awarded under the CPSU Scheme Phase II, Tranche III, through a competitive bidding process conducted by IREDA. The Commission found that the bidding process was transparent and compliant with scheme guidelines, with viability gap funding as the bid parameter and a ceiling usage charge of INR 2.45 per kWh prevailing at the time of bidding. It held that post-bid revisions to usage charges could not be adopted except through an approved change in law. Accordingly, the Commission adopted the usage charge of INR 2.45 per kWh for the full 510 MW capacity and disposed of the petition, while granting liberty to NLC India Limited to separately seek change-in-law compensation, allowing interim relief subject to final determination.