APERC approves PPA, capital cost and tariff for Unit-2 of SEIL Project-1
VIJAYAWADA: The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a significant order approving the Power Purchase Agreement (PPA), and determining the capital cost and tariff for Unit-2 of Project-1 (660 MW) of SEIL Energy India Limited, located in Nelatur and Pynampuram of Nellore district.
The order, dated June 17, 2025, addresses two petitions, one from APDISCOMs — APSPDCL, APEPDCL and APCPDCL — for PPA approval, and another from SEIL for capital cost and tariff determination for FY26-FY29.
The 12-year PPA, effective from the approval date, was greenlit with conditions. APERC restricted power generation to concessional or zero-premium coal allocated under the Shakthi B(iii) policy, allowing DISCOMs flexibility to procure power using premium coal when needed.
The obligation for DISCOMs to pay 70% of fixed costs during non-offtake periods or cover SEIL's Force Majeure costs due to political events was rejected.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
an hour ago
- News18
Siemens Energy Makes Market Debut At Rs 2,840; M-Cap Surges Past Rs 1 Lakh Crore
Last Updated: Siemens Energy Share Price: Shares of Siemens Energy India Ltd (SEIL) debuted at Rs 2,840 during the special opening session on Thursday Siemens Energy Share Price: Shares of Siemens Energy India Ltd (SEIL) debuted at Rs 2,840 during the special opening session on Thursday, June 19, 2025, valuing the newly listed entity at a market capitalization of Rs 1.01 lakh crore. The company was demerged from Siemens Ltd on April 7, 2025, and was previously valued at Rs 2,368.8 per share. In a regulatory filing on June 18, Siemens Ltd confirmed that SEIL had received approvals from both the BSE and NSE for listing and trading of its equity shares from June 19. The stock will trade under the scrip ID ENRIN and be listed in the 'T' group, which restricts intraday trading and limits daily price movement to a 5% circuit for the first 10 sessions. SEIL has emerged as India's largest listed pure-play power transmission and distribution (T&D) company, overtaking peers such as Hitachi Energy and GE Vernova. Shareholders of Siemens Ltd received SEIL shares in a 1:1 ratio as part of the demerger process. SEIL focuses on the transmission and distribution segment and small-sized turbines and is well-positioned to benefit from India's growing energy infrastructure needs. According to Motilal Oswal Financial Services, margins have already shown improvement in the first five months of FY25. The brokerage expects a 25% revenue CAGR and 31% PAT CAGR over FY25–27, with EBITDA margins rising to 21.4% by FY27. It values the stock at 60x FY27 earnings, assigning a target price of ₹3,000 and has resumed coverage with a 'Buy' rating. HDFC Securities echoed a bullish outlook, highlighting SEIL's strong positioning in decarbonization, power generation, grid automation, and clean energy solutions such as green hydrogen and battery storage. It noted that Siemens Energy has historically delivered solid margins, clocking 22.6% EBITDA in H1FY25. HDFC also gave a 'Buy' call with a target of Rs 3,000, based on 60x Sep-27 estimated earnings. Jefferies had earlier projected a listing price in the range of Rs 2,995–Rs 3,711, noting SEIL's potential to trade at a 60x P/E on March 2027E EPS, a slight premium over Siemens Ltd's non-energy businesses. Its base case target price stands at Rs 3,350. However, brokerages flagged potential risks including a slowdown in order inflows, supply chain challenges, rising fixed costs, and a possible softening of the capex cycle that could impact profitability. First Published:
&w=3840&q=100)
Business Standard
20 hours ago
- Business Standard
Juniper Energy commissions 59 MWp solar project in Maharashtra's Wardha
Juniper Green Energy on Wednesday announced the commissioning of the 59 MWp solar component of its 75 MW hybrid power project in Wardha, Maharashtra. The plant, commissioned on June 6, 2025, was completed 17 months ahead of schedule, a company statement said. The Juniper Green Power Five Project has a Power Purchase Agreement (PPA) capacity of 75 MW, comprising a contracted 75 MW of solar and an additional 26.4 MW of installed wind capacity, according to the statement. The PPA was signed on November 18, 2024, with Maharashtra State Electricity Distribution Company Limited (MSEDCL), and the Scheduled Commercial Operation Date (SCOD) is set for November 17, 2026, it added. The commissioning of this solar component marks a step towards the full operationalisation of the hybrid project. "The early commissioning of our Karanja Hybrid Project, following the successful delivery of the Chapalgaon plant, highlights our strong execution capabilities and commitment to timely project delivery", said Ankush Malik, CEO, Juniper Green Energy. Juniper Green Energy is an independent renewable energy power producer in India, focused on the development, construction and operations of utility-scale solar, wind, and hybrid renewable energy projects. Headquartered in the Delhi NCR, the company has grown its operational capacity to 1.1 GWp since its inception in October 2018. Juniper Green Energy is a part of the AT Capital Group, a globally diversified investment group based in Singapore. AT Capital Group focuses on sectors, including renewable energy, residential and commercial real estate, and hospitality, with a presence in India, the GCC (Gulf Cooperation Council), Europe, and the United States. Within India, the group also operates Experion Developers, a real estate company, and Experion Capital, a Non-Banking Financial Company (NBFC) that specialises in financing real estate and infrastructure projects.
Time of India
a day ago
- Time of India
Juniper Green Energy commissions 59 MWp solar project in Wardha, Maharashtra
Juniper Green Energy on Wednesday announced the commissioning of the 59 MWp solar component of its 75 MW hybrid power project in Wardha, Maharashtra. The plant, commissioned on June 6, 2025, was completed 17 months ahead of schedule, a company statement said. The Juniper Green Power Five Project has a Power Purchase Agreement ( PPA ) capacity of 75 MW, comprising a contracted 75 MW of solar and an additional 26.4 MW of installed wind capacity, according to the statement. The PPA was signed on November 18, 2024, with Maharashtra State Electricity Distribution Company Limited (MSEDCL), and the Scheduled Commercial Operation Date (SCOD) is set for November 17, 2026, it added. The commissioning of this solar component marks a step towards the full operationalisation of the hybrid project. "The early commissioning of our Karanja Hybrid Project, following the successful delivery of the Chapalgaon plant, highlights our strong execution capabilities and commitment to timely project delivery", said Ankush Malik , CEO, Juniper Green Energy. Juniper Green Energy is an independent renewable energy power producer in India, focused on the development, construction and operations of utility-scale solar, wind, and hybrid renewable energy projects. Headquartered in the Delhi NCR , the company has grown its operational capacity to 1.1 GWp since its inception in October 2018. Juniper Green Energy is a part of the AT Capital Group, a globally diversified investment group based in Singapore. AT Capital Group focuses on sectors, including renewable energy, residential and commercial real estate, and hospitality, with a presence in India, the GCC ( Gulf Cooperation Council ), Europe, and the United States. Within India, the group also operates Experion Developers, a real estate company, and Experion Capital, a Non-Banking Financial Company (NBFC) that specialises in financing real estate and infrastructure projects.
