Rajasthan
MoU between Rajasthan Energy Development Corporation and SECI
- 27 Aug 2021
- 2 min read
Why in News
- Rajasthan Urja Vikas Nigam has signed an agreement with Solar Energy Corporation of India (SECI) for procurement of 1,200 MW wind power at tendered rates.
Key Points
- This wind energy would be available to the state in the next 18 months.
- To buy 1,200 MW of wind power for the three power distribution companies of Rajasthan, SECI started the process of selecting wind power generation companies in December 2020.
- As a result of the better policies of the state government, according to the norms set during the tender process, the department received the lowest bid of Rs 2.77 per unit for 300 MW and Rs 2.78 per unit for 900 MW wind power, which is much less than the state average average power purchase cost of Rs 4.61 per unit in 2020-21.
- On commissioning of these projects, the average purchase rate of the state will come down further, which will directly benefit the consumers of the state.
- In its budget the Rajasthan government announced an increase in power generation in the state from non-conventional sources.
- In order to increase power generation through non-conventional sources and to encourage investors in the state, the state government has also released a renewed solar and wind energy policy in the year 2019.
