ReNew Power will have to supply at least 2,803 million units (kilowatt-hour or kWh) of energy in a year to avoid any penal charges under the recently concluded e-Reverse Auction for Renewable Energy projects with round the clock supply. The bids were conducted by central Public Sector Undertaking, Solar Energy Corporation of India (SECI) for power to be sold to the New Delhi Municipal Council (NDMC) and Daman & Diu and Dadra & Nagar Haveli.
“A minimum 80 per cent energy must be scheduled (offered to the buyers) of the committed quantity on an annual basis. The off-take (purchase) commitment is for up to 100 per cent (of 400 MW) but not beyond it. On a monthly basis, the energy supplied should not go below 70 per cent of the committed quantity,” SECI’s Chairman and Managing Director, Jatindra Nath Swain told BusinessLine.
