The power purchase contract was signed in the presence of Electricity Minister .M Mani, Secretary of the Ministry of Electricity B. Ashok and KSEB President and General Manager N.S. Pillai. The Kerala State Electricity Board (KSEB) on Tuesday signed a power purchase agreement with Kochi-based GJ Eco Power Pvt. Ltd., the agency that carries out the project at the Brahmapuram solid waste treatment plant. The Commission also found that a tripartite power purchase contract (AAE) had to be signed between INOX, D J Malpani and KSEB, in order to avoid litigation and litigation. Recently, KSEB granted approval in principle for the installation of 72 MW of wind projects in the Palakkad district by the National Hydroelectric Power Corporation (NHPC), in addition to 50 MW of floating solar energy. As part of the agreement, KSEB will purchase electricity generated from Schedule 9.76 MW -WtE for a period of 20 years from the date of negotiation at a rate of $6.17 per unit. The tariff has been approved by the Kerala State Electricity Regulatory Commission. A few months ago, the Kerala State Electricity Regulatory Commission (KSERC) approved a tariff of US$2.83 (US$0.04) /kWh for the purchase of 200 MW of wind energy. While the tariff of $2.83 ($0.04) /kWh would apply between the planned commissioning and the commissioning of the cumulative capacity, a cumulative tariff of USD 2.82 ($0.04)/kWh applies between full commissioning and the duration of the agreement. The electricity sales contract (PSA) was signed between the Karnataka State Electricity Board (KSEB) and the Solar Electricity Commission of India (SECI) in June 2019 and amended on December 12, 2019. The Commission found that an unregistered power of attorney was not legally enforceable.
In this case, D J Malpani is considered an investor and INOX Renewables granted him the right to sign the AAE and obtain payment of electricity on the grid. The power of attorney granted to INOX`s InOX is only enforceable if a power of attorney is registered in accordance with the provisions of Registration Act 1908. He added that KSEB had decided to buy all of the electricity generated from similar WtE facilities, which should be built in the future at rates decided by the regulatory commission. Then, agreements were reached for the purchase of 115MW of Jhabua Power at a set of Rs 4.15 per unit. And also buy 100MW for Rs 4.29 from Bharat Aluminium Company Ltd (Balco). These have been approved by the Regulatory Commission. The Commission found that D J Malpani`s role is limited, in accordance with the power of attorney, to an investor who receives payments for the energy injected into the grid from the project. As a result, D J Malpani has the right to sign the AAE with KSEB. All subsequent agreements had a rate of Rs 4.29. These include the purchase of 100 MW from Jindal India Thermal Ltd and 100 MW from Jhabua in the second phase and 150 MW from Jindal Power. During Sivasankar`s tenure, the Board of Directors entered into agreements to purchase 865 MW of electricity. The first agreement was reached for the purchase of 200MW of Jindal Power at a package of 3.60 per unit for 30 years from 2015.
The Kerala State Electricity Regulatory Commission (KSERC) has ordered INOX Renewables Limited, Kerala State Electricity Board Limited (KSEB) and Damodar Jagannath Malpani to enter into a tripartite electricity purchase (PPP) contract for a 16 MW wind energy project. Thiruvananthapuram: three long-term electricity purchase contracts signed by the Kerala State Electricity Board (KSEB) during Mr Shivasankar`s term as president of the state are expected to result in huge debts for the state`s electricity supplier.