OREANDA-NEWS. In yet another reflection of its commitment for clean energy, Tata Power Delhi Distribution (TPDDL) has finalized 1, 000 MU of renewable power at a very competitive rate on a long term basis for 20 years. TPDDL has tied up 6 MW from City Waste to Energy source supplying 37 MUs at a levelized tariff of Rs. 5.921 per unit for 20 years within the state of Delhi. The company has also tied up for 107.5 MW of Small Hydro Power from 6 projects supplying 446 MUs at a levelized tariff of Rs. 5.57 per unit for 20 years from Himachal Pradesh and Uttarakhand.

In addition to the above, TPDDL has also tied up Solar Power to the tune of 240 MW from 8 projects supplying 497 MUs at a levelized tariff of Rs. 5.93 per unit to Rs. 6.28 per unit for 20 years which is one of the best tariff/rates offered for solar power till date. With the finalisation, the company besides promoting clean energy would also be able to meet the Renewable Power Obligations (RPO) of Delhi Electricity Regulatory Commission (DERC).

As per the DERC's RPO Regulations issued in October 2012, Delhi Discoms were required to procure a certain quantum of power out of the total quantum/consumption from the renewable energy resources such as solar, wind, small hydro, waste to energy, biomass etc. The regulations mandated Discoms including TPDDL to procure 3.40% of its power procurement from renewable sources in FY 12-13 out of which minimum 0.15% was to be from solar sources. This mandate has been progressively increased by 1.40% per year (increase of 0.05% from solar sources per year) going up to 9% in FY 16-17 and hereafter with a minimum requirement of 0.35% to be procured from solar sources. Accordingly, TPDDL was required to arrange approximately 133 MUs in FY 12-13 from Renewable Energy sources going up to nearly 1000 MUs in FY 16-17 and thereafter.

Commenting on the finalization of agreements, Praveer Sinha, CEO & ED, TPDDL said, "Due to our excellent credibility amongst suppliers of power, TPDDL has managed to get such attractive offers/ tariffs on a long term basis i.e. 20 years. This will ensure that TPDDL will meet its future RPO obligations at very competitive prices which over a period of time will be lower even compared to various coal based and gas based plants, whose prices keeps on going up due to increase in prices of coal, gas and transportation cost".