DW BUREAU / Chandigarh The Haryana Electricity Regulatory Commission (HERC) gave the permission of 150 MW Power Purchase Agreement (PPA )with some necessary and significant conditions keeping in view the interests of consumers. Haryana Power Purchase Centre(HPPC) filed an application seeking approval for procurement of 150 MW Renewable Energy Power from SECI (Inter-State Trading Licensee), for 25 years, at a levelized tariff of Rs. 3.96/kWh with off-peak tariff of Rs. 2.88/kWh and a peak tariff of Rs. 6.85/kWh, plus a trading margin of Rs.0.07/kWh. This case was heard on 14.07.2022 in the Court room of Commission at Panchkula. As per the Power Sale Agreement (PSA), compensation on account of shortfall in off peak power shall be calculated @ 50% of the off-peak tariff and in case of any shortfall in the supply of peak power the same shall be calculated at the full peak tariff i.e. Rs. 6.85 / kWh. HPPC further submitted that the State has already witnessed a peak demand of 12768 MW on 28.06.2022, which is expected to increase with the Haryana's GDP growth. Therefore, theproposal is a viable option to meet the peak demand of the State. The Commission observed that the provisions of liquidated damages, for delay in commissioning or non-commissioning of the project, are not there in the PSA. The back to back draft PPA to be executed between SECI and the Generator, has not been made part of the present petition under consideration of the Commission.. The Chief Engineer, submitted that for any shortfall during the agreed upon off-peak supply, the compensation is at 50% of the off- peak tariff of Rs. 2.88 / kWh due to the fact that generation, in the present case, is dependent on natural factors i.e. solar insolation and wind speed during any given day and time. However, he averred, that power supply during the peak hours is assured and is from Battery Storage, hence the compensation / penalty for any shortfall in supply is to be calculated at 100% of the tariff. (editor@dailyworld.in)