However, seCI challenged ReNew Power`s unilateral decision of the AEA and stated that the various events cited by the company are not considered a case of force majeure within the meaning of the PPP. ReNew terminated the AAE on July 26. CERC ordered SECI not to take enforcement action against the company before the next hearing. The plant was to sell electricity at Rs 2.52. The project is part of the fourth tranche of the SECI auction for 2,000 MW of wind energy, which took place in April 2018, when the second lowest wind tariff of Rs 2.51 was discovered for a Pan India project. More than 1430 MW have been awarded to Srijan Energy Systems, Sprng Energy, BLP Energy, Betam Wind, Inox Wind and Adani Green Energy, while Mytrah Energy and ReNew Power signed contracts to build the remaining capacity for 2.52 R. 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. 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.
New Delhi: Rays Power Infra, a leading solar EPC company in the country, has announced its PPA with TANGEDCO (Tamil Nadu Generation and Distribution Corporation Limited) for the development of 100 MW through solar power solutions in Tamil Nadu. This project will provide TANGEDCO with an attractive price of 3.47 INR per unit. This is part of the 15,000 MW, INR 11,369 crore interstate power corridor promoted by the Government of India, which is expected to be ready by May 2019. This will ensure a strong renewable energy disposal network and should solve potential problems with the region`s electricity grid. The project will also be connected to a 400 kV substation to ensure there is no network outage.