The Central Electricity Regulatory Commission (CERC) has adopted tariffs for 1,200 MW of inter-state transmission system (ISTS)-connected wind power projects awarded under Tranche-XIX by the Solar Energy Corporation of India Limited (SECI). The tariffs, discovered through a competitive bidding process, range from ₹3.67 per kWh to ₹3.69 per kWh across seven successful developers.
The Commission issued the order on a petition filed by SECI under Section 63 of the Electricity Act, 2003, seeking approval for the adoption of tariffs discovered through a competitive bidding framework established by the Ministry of Power. CERC reviewed the bidding process and concluded that it complied with the competitive bidding guidelines notified by the Central Government.
SECI initiated the selection process through a Request for Selection (RfS) document issued on October 15, 2025. The proposed capacity was subsequently revised to 1,200 MW. Out of 16 bidders that qualified through the techno-commercial evaluation, 15 participated in the electronic reverse auction conducted on February 4, 2026.
Following the auction, seven developers were selected to establish wind power projects with individual capacities ranging from 50 MW to 600 MW. SECI issued Letters of Award (LoAs) to the successful bidders on February 10, 2026.
K.P. Energy Limited secured 100 MW at a tariff of ₹3.67 per kWh. Ganeko Three Energy Private Limited was awarded 180 MW, while Waaree Forever Energies Private Limited received 300 MW and Opera Energy Private Limited secured 50 MW, all at ₹3.68 per kWh.
At a tariff of ₹3.69 per kWh, Purvah Green Power Private Limited was awarded 250 MW, Vena Energy Aura Private Limited secured 124 MW, and Refex Holding Private Limited received 196 MW. Together, the allocations account for the entire 1,200 MW capacity awarded under the tranche.
To facilitate the sale and supply of electricity from these projects, SECI entered into back-to-back Power Purchase Agreements (PPAs) with the selected wind power developers and Power Sale Agreements (PSAs) with distribution companies. The company signed PSAs for 600 MW each with GRIDCO Limited and Uttar Pradesh Power Corporation Limited (UPPCL), covering the full awarded capacity.
Alongside tariff adoption, CERC examined SECI’s request concerning a trading margin of ₹0.07 per kWh. The Commission clarified that, under the applicable Trading Licence Regulations, parties involved in long-term electricity transactions may mutually agree on the trading margin, subject to the prescribed payment security arrangements.
These arrangements include an escrow mechanism or an irrevocable, unconditional and revolving letter of credit to secure payments. If SECI fails to provide the required payment security to the generators, the trading margin will be restricted to a maximum of ₹0.02 per kWh, in accordance with the regulations.
With the adoption of the discovered tariffs and directions concerning the trading margin and payment security requirements, CERC disposed of Petition No. 179/AT/2026. The order establishes the applicable tariffs for the seven selected developers and clarifies the regulatory conditions governing SECI’s long-term power trading arrangements under the 1,200 MW wind power procurement tranche.
