The Delhi-based distribution company, BSES has signed a power sale agreement with Solar Energy Corporation of India (SECI) for the purchase of solar and hybrid energy. As per the agreement, BSES will buy 510 MW of power from SECI for the next 25 years, of which 300 MW will come from solar energy and 210 MW will be from wind-solar hybrid energy. This will prove to be a good step towards clean energy, and at the same time, electricity will be available at more affordable prices.
BSES Delhi DISCOMs Spokesperson stated, “At Reliance Infrastructure led BSES, we value the importance of sustainable growth and the role of renewable energy in it. We have been procuring renewable energy from all available renewable sources at economical rates, ensuring minimal burden on the consumers. These agreements are yet another proof of our efforts in this direction.”
“This is not only one of the lowest tariffs for renewable power, but are also substantially lower than the average cost of power purchase agreements, which are around Rs 5.5 per unit,” further he said.
Further, the agreement added, after 18 months of signing the agreement, the BSES will pay ₹2.44 /kWh for solar and ₹2.48 /kWh for hybrid power including SECI’s trading margin of ₹0.07 /kWh also.
Delhi experiences peak power demand twice in 24 hours. While solar power will help the Discom meet the day peak, the wind power sourced from the coastal areas is expected to support the night peak demand.
Apart from it, these power sale agreements will help BSES DISCOMs fulfill their Renewable Purchase Obligations.
Out of the total capacity of the agreement 510 MW, BSES Rajdhani will sign an agreement for the purchase of 210 MW solar, 110 MW hybrid power, and BSES Yamuna 90 MW solar and 100 MW hybrid power.
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