MERC Adopts Power Procurement Rate of INR 4.47/kwh From 01 December 2020 To 30 November 2021

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Maharashtra Electricity Regulatory Commission (MERC) recently passed an order on approval of Power purchase agreement and Adoption of Tariff determined through transparent bidding process for procurement of Short-Term power up to 1 MW for one year starting from 1 December, 2020 to 30 November, 2021 for its Sector Specific SEZ and IT SEZ at Village Sai, Taluka Panvel, Dist. Raigad, Maharashtra.

Laxmipati Balaji Supply Chain Management Limited (LBSCML) main prayers against Manikaran Power Limited  were a) Adopt the tariff of INR 4.47 per unit at LBSCML Licensee Periphery discovered through competitive and transparent bidding process for procurement of power up to 1MW for the period of one year from 1stDec, 2020 to 30thNov, 2021, under section 63 of Electricity Act 2003; b) Approve power purchase agreement executed between LBSCML and successful bidder Manikaran Power Limited.

The Commission notes that Power Procurement rate discovered by LBSCML fulfils mandates and requirements for adoption as set out in Section 63 of the EA, the Commission adopts the Power Procurement rate of Rs. 4.47/kWh for supply of 1 MW power (0.5 MW Base Load RTC and 0.5 MW peak load from 9.00 to 23.00 Hrs except Sundays and Public holidays) for the period of 1 year from 01 December 2020 to 30 November 2021. 

The Commission adopts Short Term Power Procurement for the period of 1 December 2020 to 30 November 2021 by Laxmipati Balaji Supply Chain Management Limited for its Sector Specific SEZ and IT SEZ at Village Sai, Taluka Panvel, Dist. Raigad, Maharashtra.

The Commission stated that a PPA signed by a successful bidder is approved and ordered Laxmipati Balaji Supply Chain Management Limited, to submit a copy of Final PPA to the Commission for records.

To know more refer to the document below:

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