State-run Solar Energy Corporation (SECI) has refused to lower tariff for 400 MW electricity supplied from a solar park at Galiveedu Mandal in district Kadapa to Andhra Pradesh South Power Distribution Company Ltd (APSPDCL).
SECI has also refused to attend a tariff negotiation meeting called by the discom on Monday (July 22), as per a letter shot off by the corporation to the APSPDCL earlier this month.
The discom had asked SECI to reduce tariff for the 400MW supply to Rs 2.44 per unit from Rs 4.5 fixed earlier.
In its letter, SECI stated that the tariff of Rs 4.5 was fixed after a competitive bidding as per provisions of the Electricity Act.
It said the tariff of Rs 2.44 per unit was arrived at in a separate auction for a solar project in different circumstances.
SECI explained that the tariff cannot be negotiated as the power purchase agreement has been signed.
APSPDCL had claimed that no tariff based competitive bidding was held and the tariff fixed was detrimental to public interest.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app